Archive for December, 2009
Iran deems “Green” banknotes invalid
In response to the increasing circulation of banknotes scribbled with anti-government slogans (read Iranians shift protest movement to banknotes), the Central Bank of Iran said this week that it would no longer accept graffitied banknotes as valid currency.
Since the beginning of the Iranian Green Movement (the ink on the banknotes is often green, and the [...]
Gulf States Will Launch Their Own Currency, The ‘Gulfo’
Four Arab states of the Persian Gulf have agreed to launch a new, singular currency in an effort to create an Arab monetary union.
Saudi Arabia, Kuwait, Bahrain and Qatar will begin the first phase of the new currency next year, creating a Gulf Monetary Council that will become a full-fledged central bank.
The United Arab Emirates [...]
Central Bank of the Bahamas Introduces New $100 Banknote
This week the Central Bank of the Bahamas (CBB) introduced a new purple, blue, green & mauve $100 banknote into circulation bearing a picture of Queen Elizabeth II on the front and a blue marlin on the back. But colour and images aren’t the only changes that have been made.
The new $100 banknote [...]
India Attempts Crack Down on ‘Financial Terror’
India will put together a ‘financial terror dossier’ this week in an attempt to garner international support in pressuring Pakistan to immobilize a booming counterfeit currency ring that exports bogus Indian banknotes into the country.
Since the attacks in Mumbai last November, India has been aggressively building a number of cases against the neighboring Pakistan, including [...]
Turkey Enters Second Phase of Currency Reform
On January 1, 2010, Turkey will begin the second phase of its planned currency reform that will see the country stop production of their current banknotes (the New Turkish Lira) and replace them with a new currency series, simply called the Turkish Lira.
This second phase comes five years after the country first redenominated its currency [...]
FOXNews.com: “The Dollar Bill Goes High-Tech”
Counterfeiting has never been easier. All it takes these days is a fairly inexpensive color printer, some graphic design software and a willingness to spend a few decades in jail if you get caught.
But desperate times call for desperate measures, so criminals struggling in a tough economy and savvy with advanced printing equipment have figured [...]
Fortress Paper President & CEO on BNN
Fortress Paper’s President & CEO, Chad Wasilenkoff, talks to the Business News Network (BNN) about his company’s focus on non-woven wallpaper & security paper, and speaks about upcoming innovations at their Landqart Mill in Switzerland.
Watch the BNN clip HERE, or by clicking on the image to the right.
Fortress Paper CEO Chad Wasilenkoff on Bloomberg
Chadwick Wasilenkoff, chief executive officer of Fortress Paper Ltd., talks with Bloomberg’s Pimm Fox about demand for the company’s banknote paper.
Iranian’s shift protest movement to banknotes
Protesters in Iran have launched what they are calling a “second level” of protesting, shifting from overt public displays such as street demonstrations and rallies, to more covert tactics like writing protest notes and slogans on rial banknotes – the Iranian currency.
With staunch government crackdowns on protest movements throughout the country, pro-democracy protesters are focusing [...]
Japanese company unveils multiple currency ATM
It’s been over 40 years since the world was first introduced to the convenience of an automatic teller machine (ATM).
Invented by inventor John Shepherd-Barron, the ATM first made its appearance in London in 1967. Though the machine used PIN (personal identification number) codes it was dependent on checks impregnated with the (slightly) radioactive isotope [...]
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