A paper money handling apparatus includes a dispenser unit to dispense paper money, and the dispenser unit includes a bottom portion on which at least a portion on a front side of the paper money is placed, a pair of side walls located at both the left and right sides of the bottom portion, a front wall located at a front edge of the bottom portion, and a cover located above the bottom portion. A front edge of the dispenser unit has cutouts at least in the bottom portion and the front wall, and the cover is arranged in an openable or closable manner so that the cover rotates and opens from a side of the front edge.