Archive for January, 2010

“Counterfeiting, A Three-Part Series.” Part 2: The evolution of anti-counterfeiting measures

*This article is the second in a three-part series on counterfeiting. In the world of currency, developing anti-counterfeiting measures have always followed the emergence of counterfeit banknotes and coins, and they have taken on many different forms. As seen in the previous article in this series, (read: Part 1: A History of Counterfeiting), one of […]

REPORT ON BUSINESS: “Turning paper into cash”

Fortress Paper was covered today in the Globe and Mail’s Report on Business. Dave Morris reports on Fortress Paper: At a 125-year-old factory in the shadow of the Swiss Alps, veteran watchmakers, trusted for their keen attention to detail, pore over the drums that will embed detailed watermarks into pristine sheets of paper stock. But […]

Iran follows in North Korea’s footsteps, plans to redenominate currency

A little over a month after the turmoil caused in North Korea by the redenomination of their currency (read: North Korea Changes Currency and Rates 100 to 1), Iran has also announced a similar plan. Iranian president Mahmoud Ahmadinejad said the country would “remove zeros from its national currency, the rial, in order to make […]

What are ePassports?

From news of the technologically advanced New Zealand passports, to the recent multi-million dollar contract awarded to Vancouver-based Fortress Paper to produce over two million ePassports over the next five years, the shift to electronic passports is happening on a global scale. What makes ePassports “electronic” is Radio-Frequency Identification (RFID) – a small electronic device […]

FORTRESS PAPER ANNOUNCES ePASSPORT CONTRACT AND AN UPDATE ON THE PLANNED PRODUCTION INCREASE AT ITS LANDQART MILL

VANCOUVER, British Columbia, January 14, 2010 – Fortress Paper Ltd. www.fortresspaper.com (“Fortress Paper” or the “Corporation”) today announces its inaugural ePassport contract, for approximately two million five hundred thousand units representing estimated aggregate revenues in excess of $10 million over five years. Fortress Paper also announces that its Board of Directors has approved a plan […]

“Counterfeiting, A Three-Part Series.” Part 1: A history of counterfeiting

*This article is the first in a three-part series on counterfeiting. The act of counterfeiting is as old as money itself. Plaguing ancient Rome, empirical China, newborn America, and many other nations over the past 2500 years, the illegal activity came hand in hand with the creation of money. Even prior to the invention of […]

ECB: Counterfeit euros up 8 per cent

The European Central Bank (ECB) announced today that the number of fake euro banknotes seized in the last six months rose by eight per cent from the first half of the year. “In the second half of 2009 a total of 447,000 counterfeit euro banknotes were withdrawn from circulation,” an ECB statement said. Though the […]

Estonia to adopt euro “in the first half of 2010”

The European Union (EU) is set to introduce Estonia into the folds of the euro zone by mid-summer 2010. Marek Belka, the International Monetary Fund’s head for Europe revealed last week that Estonia is on track to fully adopt the single currency. “I hope and I think there is a high likelihood that the EU […]