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Banknote counter of the related history

time2010/08/10

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???? Banknote counter (or bill counter) is a device designed primarily to accurately count a quantity of banknotes. Additionally, a banknote counter may sort banknotes into batches and check for damaged or counterfeit notes.

???? Modern banknote counting machines use a technology developed by Tokyo Calculating Machine Works of Shinagawa, Tokyo and introduced in 1962. It quickly dominated the market for increased speed and accuracy.

??? The first automatic bill Banknote counter (or banknote counting machines) were introduced in the 1920s in the United States and were produced by the Federal Bill Counter Company of Washington, D.C.. These machines were designed to increase efficiency in tellers in the Federal Reserve Bank and reduce human error. The machine would stop once a set “batch” of notes was reached allowing a teller to insert a wooden block to keep batches separate.
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