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The Days of Pennies In Canada Are Numbered
The Royal Mint announced Friday it will stop making the one-cent coin. Federal Finance Minister Jim Flaherty is set to take part in a ceremonial coin strike Friday morning at the mint’s coin production facility in Winnipeg, to mark the end of production of the penny. Once the very last penny is produced it will reside in [...]
Czech National Bank Counterfeit Cash App
A new phone app has been unveiled by the Czech National Bank Counterfeit Cash App which it says will help consumers identify counterfeit money, using detailed photographs and descriptions of all valid versions of Czech banknotes and coins. The Czechs see value in protecting their traditional currency, the koruna as the Euro is coming under criticism [...]
£30,000 Counterfeits Made
Using digital images of real money and an ink- jet printer, almost £30,000 in fake bank notes were counterfeited. On Monday at the Glasgow Sheriff Court, Ian Beaton admitted to creating the fake notes. After police searched his car near Aberdeen and found £2000 of seized counterfeit notes with his fingerprints on the envelope the [...]
Zambia Returns Coins To Circulation
As the African nation of Zambia continues to struggle with inflation, Zambia has recently announced it is planning to toss three zeros off its banknote denominations while returning coins to circulation. Zambia Daily Mail newspaper on January. 26, 2012 quoted businessman Lubuto Simwanza as saying, “Zambia has the highest denominations in the region. If you [...]
Malawi New K1, 000 Banknotes
The Reserve Bank of Malawi (RBM) confirmed the 1,000 Kwacha (about $6) banknotes according to Nyasa Times. Dr. Perks Ligoya, Reserve Bank of Malawi (RBM) Governor said that the new banknote will be in circulation in the next six months at a news conference in Blantyre on Friday. Ligoya said “We are introducing a complete [...]
Greek Drachmas Worth 240 Million Euros Unclaimed
ATHENS -Greece swaps a record-breaking debt this week which were overshadowed by the equivalent of 240 million euro’s unclaimed, in exchange for now-obsolete Greek drachmas. Nearly 82 billion drachmas ($320 million) in banknotes were unaccounted for when the deadline for withdrawal ended on March 1 by the Bank of Greece, said Kathimerini daily. Drachma coins [...]
‘Class A’ Fake Notes
Increasingly sophisticated techniques with counterfeiters are throwing up a huge challenge to authorities and money exchange houses with to forge notes with most of the security features used in real currencies, said forensic experts in Dubai. The Indian rupee has emerged as the currency of choice, overtaking the US dollar in 2011 by currency forgers, accounting for 10,700 [...]
Burning Cash for Fuel in Hungary
During a deadly cold snap, Hungary’s central bank is helping heat needy humanitarian organizations by pulping wads of old notes into briquettes which is a gesture that had warmed the hearts and bodies of many. Krisztina Haraszti, the head of a centre for autistic children in the impoverished north-eastern town of Miskolc said “It’s a [...]
Oman Issues New High Security Banknote
The Central Bank of Oman (CBO) unveiled its latest banknote this month, a new 50-rial bill. Aside from commemorating the 40th National Day, the day Sultan Qaboos bin Said overthrew the restrictive rule of his father in 1970 and also the sultan’s birthday, the new banknote also features several upgraded security features. The new features [...]
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 [...]
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