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 [...]

New Zealand Plans Potential Banknote Overhaul

For the first time in over a decade, the Reserve Bank of New Zealand is planning on introducing a new series of banknotes. “In its annual statement of intent for 2011-2014, the bank said it would soon begin planning for a new series…which would include adding new security features to prevent counterfeiting,” Stuff.co.nz wrote last [...]

Artists Put Creative Touches On $100 US Bill

Nearly a year ago, the US Treasury Department unveiled what they were calling “the next generation one hundred” – a newly designed, high-tech $100 banknote. Set to be unveiled in February 2011, the bills were equipped with a 3D ribbon crossing the center of the bill and a colour-changing Liberty Bell alongside some other tradition [...]

Sweden Launches Contest For Banknote Design

Algeria Introduces 2000-Dinar Banknote

Beginning April 28, 2011 the Bank of Algeria will introduce a 2,000-dinar banknote into circulation. This is the highest denomination that will be available to the Algerian public. The bank says the new denomination will be placed into circulation in order to “ease liquidity” but will also to introduce a new series of security features [...]

Famous Swedes Will Grace New Banknotes

A new Swedish banknote series is embracing the “out with the old, in with the new” adage. Nineteenth century singer Jenny Lind, and famed scientist Carl Linnaeus will be among those making way for more contemporary celebrities such as Swedish poet Evert Taube and Hollywood icon Greta Garbo.   Other personalities to be featured on [...]

Cayman Islands Introduces New Banknote Series

For the first time since introducing a local currency nearly 40 years ago, the Cayman Islands Monetary Authority (CIMA) is introducing a complete redesign of the region’s banknotes. All six denominations – the $1, $5, $10, $25, $50, and $100 banknotes – have been redesigned. Each bill now carries new images, new patterns and, in [...]

Britain To Increase £5 Banknote Output

After years of encouragement by the Bank of England, merchants and consumers, Great Britain will soon see a significant increase in the amount of £5 banknotes in circulation. The move comes after a rather successful year-long pilot project undertaken by HSBC to increase the number of automated teller machines (ATMs) that distribute £5 banknotes (read [...]

CBN To Redesign Banknotes

On the heels of a new N50 commemorative note, the Central Bank of Nigeria (CBN) announced its plans to redesign the country’s banknote series this year. Citing the new design as a way to reduce costs and enhance security, the currency changes mark the first full banknote overhaul in the African country since 1973 when [...]

Swaziland Issues New Banknote Series

Earlier this year, the Central Bank of Swaziland (CBS) – a country on the South-Eastern coast of Africa – announced a major overhaul to their currency. This month, CBS began the rollout of the new banknotes, starting with the E100 note. The change to the currency comes as counterfeiting worldwide becomes easier to effectuate. Colour [...]