Archive for October, 2012

Libya Withdraws 5 and 10 Dinar Banknotes

The Central Bank of Libya announced this week that it would be withdrawing five-dinar and ten-dinar bank notes from circulation as of Thursday, November 1. The notes are part of the fourth and fifth series released by the country. “The bank said it had decided to withdraw the notes ahead of issuing newly-designed five and […]

Bank of Canada Set To Release New $20 Note

The Bank of Canada will continue with its new polymer banknote series by releasing the new $20 bill in less than a month. The new banknote – set for release on November 7 – is the third bill in Canada’s new polymer series. The $50 and $100 bills were released earlier this year. Polymer notes […]

Iran May Not Be Able to Print Enough Rials

A few days ago, the New York Times reported that due to Western economic sanctions imposed on Iran over its disputed nuclear program have severely depressed the value of their national currency, the rial, resulting in higher inflation and forcing Iranians to carry larger quantities of banknotes to purchase daily items. At a time of […]

Zambia Reveals New Banknote Features

The Bank of Zambia revealed the first look at its new banknotes this week, complete with enhanced security features. The new notes come on the heels of a decision made by the Zambian government in January to rebase the national currency – the kwacha – after an extended period of inflation. The banknotes will come […]