History has shown that our increasing complex financial system faces some unique challenges. Recently, the world of high finance collided with Main Street and the average investor was left to decipher why esoteric instrument such as derivates, swaps, counter-party agreements, packaged subprime loans and credit default swaps were impacting their investments and retirement savings. [...]
Think of all the wear and tear your bills go through. In and out of pockets, wallets, vending machines, exchanging hands countless times before the final blow is dealt via a rip in the paper or a trip through the washing machine. Including a blend of polymer in the banknote paper allows banknotes to last [...]
More and More people are pulling out the plastic when making everyday purchases. Debit and credit cards are being used to pay for everything from coffee to cars. But in spite of plastic for purchases increasing, the demand for banknotes is actually growing each year. Besides the familiarity and convenience of paying with good old [...]
Paper money was developed in China around 960 A.D., but when it was 1,000 years later that money counterfeiting flourished within America. Counterfeiters had become so skilled that when the first federal coins were issued by the U.S. government in the 1780’s, they had the dies cut by an ex-counterfeiter in order to deter the [...]