Trevor J. Murphy
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 [...]
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 [...]
$1M Worth of Bogus Bills Seized in BC
RCMP in Richmond, B.C. seized more than $1 million in fake Canadian $100 bills yesterday breaking up one of the largest counterfeit rings ever in the province. The bogus bills were being produced in an apartment mostly with an inkjet printer. When the RCMP arrived to raid the apartment, the process of manufacturing the bills [...]
European Central Banks Look For Contingencies Should Euro End
Central Banks in Europe reportedly evaluating contingency plans for additional printing capacity should the Euro come to an end. According to an article published by RT.com, central banks throughout Europe are preparing contingency plans evaluating their needs for additional printing capacity should the euro – a singular currency shared by seventeen countries – come to [...]
Fortress CEO Discusses Banknote Implications of Possible Eurozone Collapse
Fortress Paper CEO Chad Wasilenkoff appeared on BNN this week where he was asked to discuss the implications for banknotes and currencies throughout the eurozone in the face of its potential collapse. Wasilenkoff said that even though countries may pull out of the eurozone and revert back to their old currency, that process is lengthy [...]
New Canadian Bills Cost Banks $100M
Canada’s new series of polymer banknotes will cost banks and financial institutions nearly $100 million according to the Bank of Canada. That price tag reflects the modifications that will need to be made to sorting and counting machines that are used across the country to handle money, says Julie Girard, spokeswoman for the Bank of [...]
The Globe and Mail Investigates Canada’s Counterfeit History
As more and more Canadians find the new polymer $100 bill in their wallets and in their bank accounts – the Globe and Mail takes a look at the country’s recent history with counterfeiting. The first time counterfeiting hit the radar of the Bank of Canada in major way was in the 1980s. In an [...]
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