Patent ID: 8418857

Claim:
An automatic device for storing and dispensing banknotes of a preset number of banknote denominations, said automatic device comprising an inlet for the banknotes, recognition means for recognizing the denomination of the incoming banknotes, a plurality of LIFO roller magazines for storing the banknotes, an outlet for the banknotes, conveying means for conveying the banknotes between the inlet, the roller magazines and the outlet, control means suitable for controlling the conveying means for transferring the banknotes from the inlet to the roller magazines during the depositing step and transferring the banknotes from the roller magazines to the outlet during the dispensing step, the roller magazines being smaller in number than said preset number of banknote denominations, the control means including means for memorizing a sequence of denominations stored in each roller magazine and means for controlling the conveying means to transfer the banknotes from one roller magazine to at least one other of the roller magazines according to the memorized sequences and a dispensing request entered in the device to enable the banknotes to be dispensed from the roller magazines to the outlet according to the dispensing request, the device having a banknote capacity equal to a banknote capacity of all roller magazines combined less a banknote capacity of one roller magazine.