The Central Bank of Nicaragua (BCN) and the Association of Private Banks have agreed to implement, as of March 15, a series of reforms for bank checks. The goal is to stop the falsification of instruments such as these used to transfer money.

Mary Castañeda, business manager of ProCredit Bank said that "every check carries a custom watermark from each institution, visible and invisible optical fibres, and they also reacte to chemical solvents (alcohol, acetone) to avoid alterations," if this occurs, the check is immediately stained blue. "

Laprensa.com.ni reports that "according to the BCN, the new regulation provides that there are only five sizes of checks, distributing them according to the type of check and person using them; legal entity, individual, personalized checks and tax checks".

Source: laprensa.com.ni

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