Archive for April, 2011

Algeria Introduces 2000-Dinar Banknote

Beginning April 28, 2011 the Bank of Algeria will introduce a 2,000-dinar banknote into circulation. This is the highest denomination that will be available to the Algerian public. The bank says the new denomination will be placed into circulation in order to “ease liquidity” but will also to introduce a new series of security features […]

Spain Introduces Contactless ATM

From specialized high-tech security features to electronic transfers, technology has a profound impact not only on banknotes, but also on everyday banking transactions. That technology continued to grow this week as Spanish bank La Caixa introduced the world to the contactless ATM. Instead of inserting debit cards into a slot, customers using the machines simply […]

Famous Swedes Will Grace New Banknotes

A new Swedish banknote series is embracing the “out with the old, in with the new” adage. Nineteenth century singer Jenny Lind, and famed scientist Carl Linnaeus will be among those making way for more contemporary celebrities such as Swedish poet Evert Taube and Hollywood icon Greta Garbo.   Other personalities to be featured on […]

Cayman Islands Introduces New Banknote Series

For the first time since introducing a local currency nearly 40 years ago, the Cayman Islands Monetary Authority (CIMA) is introducing a complete redesign of the region’s banknotes. All six denominations – the $1, $5, $10, $25, $50, and $100 banknotes – have been redesigned. Each bill now carries new images, new patterns and, in […]