New Business Segment for Goznak as it Enters Banknote Processing Market

Russian state printer and mint Goznak has launched its own banknote counting and sorting machine – the BARS-S5. This follows the acquisition last year of BIS (which stands for Bank Innovation Systems), with whom the new machine was co-developed. The first order has already been received from the Central Bank of Russia.

Goznak describes the new BARS-S5 as a floor-standing, fast, highly automated, relatively inexpensive small-sized machine, which can count and sort 20 banknotes per second. Defective or worn out banknotes can be destroyed online at the same speed.

Depending on where the machine is used, it can operate both with one face value (as required by the central bank) or with several (as commercial banks are likely to require). Because the machine is modular, it is possible to increase the number of sorting pockets according to customer requirements.