Banknote Production
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
“Still A Need For Cold, Hard Cash” – PRI Talks To Money Makers
Though commerce has recently taken a turn towards electronic formats with Internet purchases, debit cards and e-mail money transfers, leaders in banknote manufacturing say their industry is experiencing unprecedented growth. This week, Jason Margolis, host of The World on Public Radio International (PRI), caught up with some of these manufacturers who echo the sentiment, saying [...]
UAE Introduces New Dh500 Banknote Into Circulation
The United Arab Emirates (UAE) will introduce a new Dh500 banknote into circulation this week equipped with new security features. Officials from the UAE Central Bank say that the new banknote was necessary not only to stay on top of counterfeit efforts in the region but also to meet the demand of a growing population. [...]
Examining The Benefits Of Polymer Banknotes
This week, Canada was introduced a new $100 polymer banknote marking the first time polymer has been used for a banknote series in the country. The switch from a cotton-paper blend to the plastic substrate hybrid is a change many countries have made since 1988 because these types of banknotes contain many advantages. A big [...]
Businesses Critique New Canadian Polymer Bills
Canada’s first polymer banknote officially enters into circulation today, and though they are more durable and secure, small businesses are criticizing the new notes. The problem with the new $100 banknotes lies in its design, according to Ted Brosnan, president of John Poulet Cheque Writer Service. The see-through security features could lead to problems with [...]
