Banknote Facts

This category contains 9 posts

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 […]

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 […]

Belarus To Eliminate Br10 and Br20 Banknotes

The National Bank of Belarus announced this week that it will begin the process of eliminating both the Br10 and Br20 banknotes. The bank will stop issuing the notes in September 2012, and expects them to be removed entirely from circulation by April 2014. The decision to eliminate the notes comes on the heels of […]

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 […]

‘Super ATM’ Could Dramatically Reduce Cash Handling Costs

A new automated teller machine (ATM) introduced in Europe last year could very well prove to be an innovation that will change banking for businesses around the world. The Q-Cash Router (QCR) – a type of “super ATM” – recycles banknotes and reduces lengthy and costly steps for businesses. Instead of taking their cash to […]

Namibia To Issue New Banknote Series

The southern African country of Namibia is joining the growing list of nations announcing a new series of banknotes in order to upgrade their security features. “Given the rapid technological advancement in the banknote industry, an array of security features is being continuously developed to provide tighter security to banknotes,” said Ndangi Katoma, the head […]

Bank of Israel Also Launches Design Contest

Nearly a week after Sweden’s central bank, Sveriges Riksbank, launched a contest asking the public to help design their upcoming series of banknotes, the Bank of Israel (BOI) is following suit. For the first time ever, the BOI is reaching out to the community for the design of their new series of banknotes that will […]

The Central Bank of Swaziland (CBS) will upgrade the entire series of banknotes.

Starting with the E100 note, the Central Bank of Seaziland will role out the banknote upgrade in stages. The banknotes available locally are E10, E20, E50, E100 and E200. 
 As all monies in circulation locally are deposited with the CBS, the old currency is expected to be phased out gradually. Governor, Martin Dlamini said […]

Estonia Launches Video Campaigns In Preparation of Adopting Euro

With less than 90 days to go before Estonia converts its currency to the euro, the country has launched a series of ad campaigns depicting the currency’s unifying elements in order to prepare citizens for the changeover. The videos – which can be viewed here – also educate the Estonian public about key security features […]