denominations
Royal Canadian Mint To Launch Digital-Chip Currency
Weeks after the Canadian government announced the abolition of the one-cent coin, the Royal Canadian Mint says it’s preparing to launch a digital alternative to coinage and small denomination banknotes. Called “MintChip” the proposed system would be a virtual payment method accessible through microchips, microSD cards and USB sticks. “The easiest way to describe it [...]
Britain Attempts £5 Banknote Revival
In an attempt to revive the life of the £5 banknote, British banks will soon make the notes available in automated teller machines (ATMs). The Bank of England says the £5 was beginning to fall out of circulation because many people now consider the denomination to be “small change.” As a result, a bank source [...]
A Closer Look At The New US $100 Bill’s Security Features
The new US $100 banknote is being called “the next generation one hundred” by the US Treasury Department. Along with a redesign of the bill’s graphic layout and the addition of some colour, several new security features have been added to the bill while some old ones maintain their presence. The newest, and arguably the [...]
