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Estonia to adopt euro “in the first half of 2010”
The European Union (EU) is set to introduce Estonia into the folds of the euro zone by mid-summer 2010. Marek Belka, the International Monetary Fund’s head for Europe revealed last week that Estonia is on track to fully adopt the single currency. “I hope and I think there is a high likelihood that the EU [...]
India to Begin Trial Period for Polymer Banknotes
The Reserve Bank of India (RBI) announced this week that the country will begin a trial period of introducing polymer banknotes in circulation in order to eliminate the backlog of unusable worn banknotes throughout India and to combat counterfeiting. The RBI says that India has seen a 95 per cent increase in counterfeit notes in [...]
Royal Bank of India Lists Banknotes Security Features on its Website.
Ever wondered exactly what kind of security features are embedded in the cash you carry? If you live in India, you no longer have to wonder. The Reserve Bank of India (RBI) has posted a comprehensive list of security features on its Mahatma Gandhi Series banknotes on its website. The Gandhi Series has been in [...]
Counterfeit Money: Still Going Strong
Counterfeit money printing activity continues in several global hot-spots. Chad Wasilenkoff, CEO of banknote-maker Fortress paper, talks about where and how counterfeiters are still successfully plying their trade. In the month of October, U.S. law enforcement officials arrested people in North Carolina, Virginia and Kentucky for trying to use counterfeit money. Earlier this year, the [...]
