Banknote Production
Setting The Stage For The Greek Drachma
With recent election results demonstrating many Greeks want to back out of the country’s Eurozone agreement, financial analysts say the drachma could return to Greece soon. Following three years of economic struggle and several bailouts totally nearly $800 billion, Greece could reinstitute its old currency should they pull out of the Eurozone. Hartmut Grossman, an [...]
Bank Of Canada Unveils New $20 Bill This Week
The Bank of Canada is set to unveil its new $20 bill this week, the third in its series of new polymer banknotes. The new $20 note will feature an updated portrait of Queen Elizabeth II on the front and the Canadian National Vimy Memorial on the back. According to a press release, the design [...]
Sweden Unveils Look At New Banknotes
Nearly a year after Sweden’s central bank announced the country’s banknotes would be changing design, Sveriges Riksbank unveiled the first glimpse of the new notes. The new notes will span all the denominations – 20, 50, 100, 200, 500 & 1,000 kronor – and the design will feature famous Swedes such as film director Ingmar [...]
Sweden Hints At World’s First QR Banknotes
On the heels of coins embedded with QR codes released by the Royal Dutch Mint last year, Sweden unveiled a glimpse at what could be the world’s first banknotes embedded with QR codes. QR codes – also known as Quick Response codes – play the role of an enhanced barcode. The pattern consists of black [...]
United Arab Emirates Banknotes Pose Problems for ATMs
Five months after the United Arab Emirates (UAE) introduced new Dh500 bills, the Central Bank said it is still experiencing problems with automated teller machines (ATMs) accepting the new banknotes. The bills feature new anti-counterfeiting devices such as transparent windows that are proving to be incompatible the existing ATMs. Rashid Al Fandi, executive director of [...]
Commemorative Jersey Note Features Queen Elizabeth Hologram
The States of Jersey unveiled a special commemorative banknote that features a holographic portrait of Queen Elizabeth this week. Available June 1, the £100 banknote is a special edition note that marks the Queen’s Diamond Jubilee. In order to manufacture the note, a law dating back to 1959 that limited the maximum denomination of any [...]
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 [...]
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 [...]
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 [...]
