Archive for December, 2009
North Korea Changes Currency and Rates 100 to 1
The North Korean government announced this week that it would be redenominate their current currency and replace old banknotes with new ones of a drastically lesser value.
Though the currency will keep the same name (the won) one hundred old won is now only worth one won – 1/100th of their previous worth.
The government made the [...]
“Top 10 Things You Didn’t Know About Money”
With the US Mint launching the release of a new $1.00 coin in November, Time Magazine drafted this list of top-ten tidbits about money that may surprise you:
#1 – The Largest Banknote: Measuring in at roughly the size of a sheet of legal paper, the world’s largest single banknote is the 100,000-peso note created by [...]
RCMP busts fake-passport ring in Canada
In one of the largest coordinated busts in recent Canadian history, more than 400 police officers moved through Ontario and Quebec to arrest suspects in a counterfeit passport ring.
Twenty-nine people were arrested in the inter-provincial raids as a joint police force of officers from the RCMP, the Sûreté du Québec and Montreal police targeted 39 [...]
India to Begin Trial Period for Polymer Banknotes
The Reserve Bank of India (RBI) announced this week that the country will begin a trial period of introducing polymer banknotes in circulation in order to eliminate the backlog of unusable worn banknotes throughout India and to combat counterfeiting.
The RBI says that India has seen a 95 per cent increase in counterfeit notes in the [...]
Banknote 2009
On December 6, global banknote industry leaders will head to Washington, DC for Banknote 2009 – a four-day conference that brings together the public and private sectors to focus on emerging trends in the banknote industry.
Though the Banknote conference began in 1998 as a specialty event focusing primarily on banknote substrates, it has become more [...]
Royal Bank of India Lists Banknotes Security Features on its Website.
Ever wondered exactly what kind of security features are embedded in the cash you carry?
If you live in India, you no longer have to wonder.
The Reserve Bank of India (RBI) has posted a comprehensive list of security features on its Mahatma Gandhi Series banknotes on its website.
The Gandhi Series has been in production since 1996.
Though [...]
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