A currency exchanger designed specifically for paper money accepts larger denominations and dispenses smaller bills and coins. For instance, a customer might insert a five-dollar note and receive five one-dollar bills, or a combination of smaller denominations and coins totaling five dollars. These devices are commonly found in locations where cash transactions are frequent and the need for smaller denominations is high, such as laundromats, casinos, and public transit stations.
These machines offer convenience to both businesses and consumers. They reduce the burden on cashiers to make change, streamline transactions, and minimize the risk of errors. For consumers, they provide ready access to smaller denominations required for vending machines, parking meters, or other cash-based services. The advent of such technology reflects a shift towards automation and efficiency in handling financial transactions, particularly in managing physical currency.
