Banknote Production
Local Leaders Call For Cornish Currency
In the face of an economic downturn in the UK, local leaders in Cornwall say the county should develop it’s own currency to protect its economy. Ian Jones, chief executive of Volunteer Cornwall, says the move may be consider a “radical idea,” but argues the move away from the British pound could be beneficial for [...]
Bank Of England Gives Public Tips On Authenticating New Banknotes
The new £50 banknote was released into circulation this week in the UK, but the Bank of England said consumers should be aware of all the new security features on the note in order to avoid any fakes. Some simple measures for verifying the authenticity of the new notes include: – checking for the unique [...]
Behind The Scenes of the New Canadian Banknote – Part 2
With just a few weeks to go before the first banknotes from Canada’s new series enters into circulation, here’s another article detailing a behind the scenes look at the development of the new polymer notes. While a major goal of developing a new banknote series is to enhance security features, the design of the series [...]
Behind The Scenes of the New Canadian Banknote
With just a few weeks to go before the first banknotes from Canada’s new series enters into circulation, here’s a behind the scenes look at the development of the new polymer notes. The development of Canada’s new polymer banknote series began nearly five years ago at the Bank of Canada. An advanced team of engine [...]
UK To Introduce New £50 Note Next Month
Two years after unveiling its design, The Bank of England will introduce a new £50 banknote into circulation on November 2. The new note will feature the portraits of entrepreneur Matthew Boulton and engineer James Watts – a duo that pioneered the use of steam engines in textile manufacturing during the 18th century. This marks [...]
Ethopia To Replace 50Br and 100 Br Banknotes
The National Bank of Ethopia (NBE) accepted three offers from European companies last week who were vying for a contract to replace several denominations of the country’s current series of banknotes. The UK’s De La Rue Currency, Germany’s Giesecke & Devrient, and France’s Francois-Charles Oberthur submitted technical offers to print an order of 50 Br [...]
Bank of England Considers Polymer Notes
In an effort to make some of their banknotes more durable and counterfeit proof, the Bank of England is considering the introduction of polymer banknotes. The £5 banknote is the most likely candidate to be switched first as it is the lowest denomination and therefore the most frequently used, however the Bank has also said [...]
Bank of Canada Invited Public Opinion On New Banknote Design
As the Bank of Canada prepares to put new polymer $50 and $100 banknotes into circulation, more details are being released about the design on the new bills. Last month, we wrote about the years of work it took to develop the security features for the new notes. The design of the bills also went [...]
New Zealand Banknotes Will Retain Similar Design
Though some believed the currency could see a massive overhaul, bank officials in New Zealand announced that the design of their new banknote series will remain similar when the notes are released in 2014. A point of contention for the new notes was the depiction of Queen Elizabeth on the country’s $20 banknote. A recent [...]
Bank of Canada’s Currency Development Team At The Helm of New Banknotes
Though the Bank of Canada unveiled the first two banknotes in their upcoming polymer series last month, Canadians will still have several months to wait until the new $50 and $100 bills are introduced into circulation. Much like other currency campaigns, the Bank of Canada will use the interim months to educated banks, businesses and [...]
