Trevor J. Murphy
Saudi Scientists Create Banknotes With RFID Tags
Scientists in Saudi Arabia have created banknotes containing radio frequency identification (RFID) to prevent counterfeiting. In the world of specialty paper, RFID tags or chips are typically associated with electronic passports. Containing a carrier’s biometric information, the RFID chips facilitate faster and more secure passage at border crossings. Researchers at the King Abdullah University of [...]
Canadian Government Eliminates Penny
Unveiling their 2012 federal budget yesterday, Canada’s government announced their plans to eliminate the penny from the country’s currency landscape. The government said the one-cent coin costs too much produce and was described as “a burden to the economy” in a pamphlet released on Thursday. According to an article published by the CBC, it costs [...]
Metal Detectors Could Detect Smuggled Notes
New research from the University of Washington shows that metal detectors at security checkpoints were able detect and count smuggled stacks of banknotes. According to an article published by Gizmodo, “physicists Christopher Fuller and Antao Chen found that ordinary handheld metal detectors were ale to recognize magnetic ink in a single dollar bill from just [...]
New $50 Canadian Bills Enter Circulation This Week
The Bank of Canada will begin circulating its new $50 polymer banknote this week. The bill is the second in a series of new banknotes the Bank of Canada will introduce over the next two years. The first note, the $100 denomination, was released in November 2011. The new Canadian banknotes feature security devices such [...]
Nearly 100 Countries Now Issue E-Passports
New statistics released by the International Civil Aviation Organization (ICAO) say that nearly 100 countries around the globe are now issuing biometric e-passports. The ICAO is a United Nations agency that oversees international air travel. Its latest report shows not only that 93 out of 193 U.N. member states are currently issuing e-passports, but also [...]
Bank Of Namibia To Introduce New Banknote Series
The Bank of Namibia announced this week that it will release a new series of banknotes on March 21. The new series will cover the N$10, N$20, N$50, N$100 and N$200 banknotes, and will be equipped with heightened security features to prevent counterfeiting. These new banknotes will also feature a change in design. The portrait [...]
Iraq To Introduce New Banknotes In September
This week, the Central Bank of Iraq announced its intentions to redenominate its currency and print a new series of banknotes by September 2012. According to an article published by The Kurdish Globe, the central bank will introduce three new banknotes: 50 dinars, 100 dinars and 200 dinars. The denominations are a change from old [...]
UK Airports Scrap Iris Scanners In Favour Of E-Passports
Six years after installing iris recognition scanners at several airports throughout the UK, the region’s border agency will scrap the technology in favour of electronic passports. Iris Recognition Immigration System (IRIS) terminals have already closed at the airports in Birmingham and Manchester, and the remaining terminals at Heathrow and Gatwick will be shut down after [...]
France Says Goodbye To The Franc
Ten years after instituting the euro as the national currency, France said goodbye to the franc this weekend. According to the American Foreign Press (AFP), hundreds of people lined up at the offices of France’s central bank on Friday to exchange old francs for euro banknotes as it was the last day mandated by the [...]
Scotland Seeks Out Currency Options
In the face of a looming referendum that could see Scotland proclaim its independence from the UK, politicians have begun fielding questions on the issue of the country’s currency. If Scotland gains independence, they will have to choose whether or not to continue using the British pound – the currency used throughout the United Kingdom. [...]
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