currency
Year of the Dragon Banknote
The Chinese New Year is less than two weeks away and both the Banco da China and the Banco Nacional Ultramarino have reportedly issued a new 10-pataca (US$1.25) note to commemorate the upcoming Year of the Dragon. The annual measures were rolled at the start of the year – as Chinese New Year arrives earlier [...]
Thai Opposition Party warns government on Currency policy
Politicians in Thailand’s opposition party are warning the government not to force the central bank to print extra currency to cover the country’s public debt, saying this process would simply turn banknotes into “worthless paper.” In their proposed 2012 fiscal plan, the Thai government is attempting to borrow Bt400 billion to finance the budget deficit [...]
European Central Banks Look For Contingencies Should Euro End
Central Banks in Europe reportedly evaluating contingency plans for additional printing capacity should the Euro come to an end. According to an article published by RT.com, central banks throughout Europe are preparing contingency plans evaluating their needs for additional printing capacity should the euro – a singular currency shared by seventeen countries – come to [...]
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 [...]
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 [...]
NEW FEATURES: Pixelating Watermarks
This article is part of a continuing series that looks at security features in development for the security paper industry. One of the most familiar – and recognizable – banknote security features is the watermark. First introduced in the 13th century in Italy, a watermark is an image or pattern on the security paper that [...]
VIDEO: BNN discusses Fortress Paper’s PM1 upgrade
Last week, Patt Bolland – host of BNN’s Trading Day – talked to Brian Pow, vice president of research and equity analyst for Acumen Capital, about Fortress Paper’s new PM1 upgrade and discussed how this change will have a positive effect on the company’s future. Watch the clip HERE (the Fortress Paper segment begins around [...]
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 [...]
“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 [...]
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 [...]
