banknotes
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 [...]
BBC Features Fortress Paper’s Banknote Facility
BBC News visited Fortress Paper’s facility in Landquart, Switzerland this week to learn about the process of making banknotes. In a video featured in the BBC’s Business section, Marco Ziethen, the production manager at Landquart, takes reporter Lucy Burton through a step-by-step guide to manufacturing banknotes. From importing, refining and bleaching cotton, Ziethen showed how [...]
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 [...]
Bank Indonesia Increases Banknote Security Features
In order to combat counterfeiting, Bank Indonesia (BI) announced this week that it would be upgrading the security features on its banknotes beginning in October. Using a technique called “rainbow printing,” the new banknotes issued by BI are made by using several colours on a single plate that results in a natural blending of the [...]
BSP Launches Campaign To Detect Bogus Bills
When a country redesigns their banknotes to update the series or enhance their security features, part of the process typically includes finding ways to inform the public of coming changes. From posters, to commercials, to online videos, central banks take on the responsibility of educating currency users of coming changes. The Bangko Sentral ng Pilipinas [...]
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 [...]
Nanaimo Stores See Influx of Counterfeit $100 Bills
Several months before the Bank of Canada introduces a new polymer $100 banknote into circulation, the town of Nanaimo, British Columbia is noticing an influx of fake $100 bills being used at local businesses. Modeled after the current cotton-paper blend banknote, the fakes have been making their way to gas stations, video stores, taxi companies [...]
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 [...]
