Abstract: A generally vertical banknote recycling bay arrangement comprising a generally vertically oriented banknote recycling bay for receiving banknotes therein, the recycling bay having an upper end and a lower end. The arrangement further comprising a banknote feeding assembly for feeding banknotes, one at a time, into the recycling bay, the feeding assembly being positioned near the upper end of the recycling bay. The arrangement further comprising a banknote dispensing assembly for feeding banknotes, one at a time, out of the recycling bay, the dispensing assembly being positioned near the upper end of the recycling bay. The arrangement further comprising a pair of stacker wheels supported for rotational movement about a driven stacker wheel shaft, each stacker wheel being laterally moveable along the driven stacker wheel shaft and a stacker wheel positioning mechanism configured to adjust the lateral positions of the pair of stacker wheels along the stripper wheel shaft.