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Seven interesting intricacies of Asian currency
All banknotes are intricately designed with particular pictures, security features and unique stories.
This article posted on CNNGo.com takes a closer look at seven of the most interesting intricacies of Asian currency.
Funny money: The wacky world of Asian currencies
by La Carmina @ CNNGo.com
#1- India: Thumbs-up and peace sign rupees
India’s one-rupee coin has an image of [...]
North Korean won plunges in value
Nearly a month after North Korea redenominated its currency at a rate of 100 to 1 (read North Korea changes currency and rates 100 to 1), North Korea changes currency and rates 100 to 1), its international value has also begun to plunge.
Reports from South Korea’s Yonhap news agency this week stated the new North [...]
Indian charity issues zero rupee banknotes
Fifth Pillar, an Indian charity that confronts corrupt officials, has issued a zero banknote as a way to protest ongoing bribery and extortion in the country.
The notes have no value, but look identical to Indian banknotes and carry the slogans “Eliminate corruption at all levels” and the pledge “I promise to neither accept nor give [...]
“Counterfeiting, A Three-Part Series.” Part 2: The evolution of anti-counterfeiting measures
*This article is the second in a three-part series on counterfeiting.
In the world of currency, developing anti-counterfeiting measures have always followed the emergence of counterfeit banknotes and coins, and they have taken on many different forms.
As seen in the previous article in this series, (read: Part 1: A History of Counterfeiting), one of the earliest [...]
“Counterfeiting, A Three-Part Series.” Part 1: A history of counterfeiting
*This article is the first in a three-part series on counterfeiting.
The act of counterfeiting is as old as money itself. Plaguing ancient Rome, empirical China, newborn America, and many other nations over the past 2500 years, the illegal activity came hand in hand with the creation of money.
Even prior to the invention of coin [...]
ECB: Counterfeit euros up 8 per cent
The European Central Bank (ECB) announced today that the number of fake euro banknotes seized in the last six months rose by eight per cent from the first half of the year.
“In the second half of 2009 a total of 447,000 counterfeit euro banknotes were withdrawn from circulation,” an ECB statement said.
Though the increase is [...]
Iran deems “Green” banknotes invalid
In response to the increasing circulation of banknotes scribbled with anti-government slogans (read Iranians shift protest movement to banknotes), the Central Bank of Iran said this week that it would no longer accept graffitied banknotes as valid currency.
Since the beginning of the Iranian Green Movement (the ink on the banknotes is often green, and the [...]
Central Bank of the Bahamas Introduces New $100 Banknote
This week the Central Bank of the Bahamas (CBB) introduced a new purple, blue, green & mauve $100 banknote into circulation bearing a picture of Queen Elizabeth II on the front and a blue marlin on the back. But colour and images aren’t the only changes that have been made.
The new $100 banknote [...]
Turkey Enters Second Phase of Currency Reform
On January 1, 2010, Turkey will begin the second phase of its planned currency reform that will see the country stop production of their current banknotes (the New Turkish Lira) and replace them with a new currency series, simply called the Turkish Lira.
This second phase comes five years after the country first redenominated its currency [...]
FOXNews.com: “The Dollar Bill Goes High-Tech”
Counterfeiting has never been easier. All it takes these days is a fairly inexpensive color printer, some graphic design software and a willingness to spend a few decades in jail if you get caught.
But desperate times call for desperate measures, so criminals struggling in a tough economy and savvy with advanced printing equipment have figured [...]
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