Latest Post
Thailand Introduces New Banknote Series
by Trevor J. Murphy on Jan 20th, 2012
The Bank of Thailand introduced the first banknote in their new series this week. The new 50-Baht note remains similar in size and colour to the old version, but like the rest of the notes that will be released over the next several years, it also contains increased security features. Among existing features, the new [...]
Year of the Dragon Banknote
by P.Przyczyna on Jan 13th, 2012
The Chinese New Year is less than two weeks away and both the Banco da China and the Banco Nacional Ultramarino have reportedly issued a new 10-pataca (US$1.25) note to commemorate the upcoming Year of the Dragon. The annual measures were rolled at the start of the year – as Chinese New Year arrives earlier [...]
Thai Opposition Party warns government on Currency policy
by Trevor J. Murphy on Jan 11th, 2012
Politicians in Thailand’s opposition party are warning the government not to force the central bank to print extra currency to cover the country’s public debt, saying this process would simply turn banknotes into “worthless paper.” In their proposed 2012 fiscal plan, the Thai government is attempting to borrow Bt400 billion to finance the budget deficit [...]
St. Kitts and Nevis Introduces Electronic Passports
by Trevor J. Murphy on Jan 11th, 2012
The government of St. Kitts and Nevis began issuing new electronic passports with heightened security features to citizens of the Carribean community this week. Electronic passports contain a small electronic chip – an RFID chip – embedded in the cover that contains key information about the passport carrier such as their name, gender, date of [...]
Euro Celebrates 10-Year Anniversary To Little Fanfare
by Trevor J. Murphy on Jan 4th, 2012
January 1, 2012 marked the 10-year anniversary of the euro, a singular currency that services 17 countries throughout Europe, but there is little to celebrate. Marred by what the European Commission deemed “fiscal and macroeconomic imbalances built up over the decade,” many financial analysts say the euro is in trouble. Countries such as Ireland, Spain [...]
Russia To Bring Back 10 Ruble Banknotes
by Trevor J. Murphy on Jan 3rd, 2012
Two years after withdrawing its 10-ruble banknote in favour of a new coin, the Bank of Russia announced this month that it would once again be printing the notes and putting them into circulation. “In the fourth quarter [of 2011] we once again began printing the paper 10 ruble note, as banks had begun to [...]
$1M Worth of Bogus Bills Seized in BC
by Trevor J. Murphy on Dec 21st, 2011
RCMP in Richmond, B.C. seized more than $1 million in fake Canadian $100 bills yesterday breaking up one of the largest counterfeit rings ever in the province. The bogus bills were being produced in an apartment mostly with an inkjet printer. When the RCMP arrived to raid the apartment, the process of manufacturing the bills [...]
European Central Banks Look For Contingencies Should Euro End
by Trevor J. Murphy on Dec 16th, 2011
Central Banks in Europe reportedly evaluating contingency plans for additional printing capacity should the Euro come to an end. According to an article published by RT.com, central banks throughout Europe are preparing contingency plans evaluating their needs for additional printing capacity should the euro – a singular currency shared by seventeen countries – come to [...]
Fortress CEO Discusses Banknote Implications of Possible Eurozone Collapse
by Trevor J. Murphy on Dec 16th, 2011
Fortress Paper CEO Chad Wasilenkoff appeared on BNN this week where he was asked to discuss the implications for banknotes and currencies throughout the eurozone in the face of its potential collapse. Wasilenkoff said that even though countries may pull out of the eurozone and revert back to their old currency, that process is lengthy [...]
New Canadian Bills Cost Banks $100M
by Trevor J. Murphy on Dec 16th, 2011
Canada’s new series of polymer banknotes will cost banks and financial institutions nearly $100 million according to the Bank of Canada. That price tag reflects the modifications that will need to be made to sorting and counting machines that are used across the country to handle money, says Julie Girard, spokeswoman for the Bank of [...]
The Globe and Mail Investigates Canada’s Counterfeit History
by Trevor J. Murphy on Dec 7th, 2011
As more and more Canadians find the new polymer $100 bill in their wallets and in their bank accounts – the Globe and Mail takes a look at the country’s recent history with counterfeiting. The first time counterfeiting hit the radar of the Bank of Canada in major way was in the 1980s. In an [...]
“Still A Need For Cold, Hard Cash” – PRI Talks To Money Makers
by Trevor J. Murphy on Dec 7th, 2011
Though commerce has recently taken a turn towards electronic formats with Internet purchases, debit cards and e-mail money transfers, leaders in banknote manufacturing say their industry is experiencing unprecedented growth. This week, Jason Margolis, host of The World on Public Radio International (PRI), caught up with some of these manufacturers who echo the sentiment, saying [...]
UAE Introduces New Dh500 Banknote Into Circulation
by Trevor J. Murphy on Nov 29th, 2011
The United Arab Emirates (UAE) will introduce a new Dh500 banknote into circulation this week equipped with new security features. Officials from the UAE Central Bank say that the new banknote was necessary not only to stay on top of counterfeit efforts in the region but also to meet the demand of a growing population. [...]
Examining The Benefits Of Polymer Banknotes
by Trevor J. Murphy on Nov 18th, 2011
This week, Canada was introduced a new $100 polymer banknote marking the first time polymer has been used for a banknote series in the country. The switch from a cotton-paper blend to the plastic substrate hybrid is a change many countries have made since 1988 because these types of banknotes contain many advantages. A big [...]
Businesses Critique New Canadian Polymer Bills
by Trevor J. Murphy on Nov 14th, 2011
Canada’s first polymer banknote officially enters into circulation today, and though they are more durable and secure, small businesses are criticizing the new notes. The problem with the new $100 banknotes lies in its design, according to Ted Brosnan, president of John Poulet Cheque Writer Service. The see-through security features could lead to problems with [...]
Local Leaders Call For Cornish Currency
by Trevor J. Murphy on Nov 10th, 2011
In the face of an economic downturn in the UK, local leaders in Cornwall say the county should develop it’s own currency to protect its economy. Ian Jones, chief executive of Volunteer Cornwall, says the move may be consider a “radical idea,” but argues the move away from the British pound could be beneficial for [...]
Bank Of England Gives Public Tips On Authenticating New Banknotes
by Trevor J. Murphy on Nov 4th, 2011
The new £50 banknote was released into circulation this week in the UK, but the Bank of England said consumers should be aware of all the new security features on the note in order to avoid any fakes. Some simple measures for verifying the authenticity of the new notes include: - checking for the unique [...]
Follow Global Paper Security
