Archive for January, 2012

Thailand Introduces New Banknote Series

The Bank of Thailand introduced the first banknote in their new series this week. The new 50-Baht note remains similar in size and colour to the old version, but like the rest of the notes that will be released over the next several years, it also contains increased security features. Among existing features, the new […]

Year of the Dragon Banknote

The Chinese New Year is less than two weeks away and both the Banco da China and the Banco Nacional Ultramarino have reportedly issued a new 10-pataca (US$1.25) note to commemorate the upcoming Year of the Dragon.  The annual measures were rolled at the start of the year – as Chinese New Year arrives earlier […]

Thai Opposition Party warns government on Currency policy

Politicians in Thailand’s opposition party are warning the government not to force the central bank to print extra currency to cover the country’s public debt, saying this process would simply turn banknotes into “worthless paper.” In their proposed 2012 fiscal plan, the Thai government is attempting to borrow Bt400 billion to finance the budget deficit […]

St. Kitts and Nevis Introduces Electronic Passports

The government of St. Kitts and Nevis began issuing new electronic passports with heightened security features to citizens of the Carribean community this week. Electronic passports contain a small electronic chip – an RFID chip – embedded in the cover that contains key information about the passport carrier such as their name, gender, date of […]

Euro Celebrates 10-Year Anniversary To Little Fanfare

January 1, 2012 marked the 10-year anniversary of the euro, a singular currency that services 17 countries throughout Europe, but there is little to celebrate. Marred by what the European Commission deemed “fiscal and macroeconomic imbalances built up over the decade,” many financial analysts say the euro is in trouble. Countries such as Ireland, Spain […]

Russia To Bring Back 10 Ruble Banknotes

Two years after withdrawing its 10-ruble banknote in favour of a new coin, the Bank of Russia announced this month that it would once again be printing the notes and putting them into circulation. “In the fourth quarter [of 2011] we once again began printing the paper 10 ruble note, as banks had begun to […]