Euro

This tag is associated with 12 posts

ECB Unveils New 5 Euro Banknote

Officials from the European Central Bank (ECB) unveiled their new €5 banknote this week at a ceremony in Germany. The €5 banknote is the first in a new series that will be launched over the coming years. As with many new series, the focus of the new euros will be on increased security features to […]

Setting The Stage For The Greek Drachma

With recent election results demonstrating many Greeks want to back out of the country’s Eurozone agreement, financial analysts say the drachma could return to Greece soon. Following three years of economic struggle and several bailouts totally nearly $800 billion, Greece could reinstitute its old currency should they pull out of the Eurozone. Hartmut Grossman, an […]

‘Class A’ Fake Notes

Increasingly sophisticated techniques with counterfeiters are throwing up a huge challenge to authorities and money exchange houses with to forge notes with most of the security features used in real currencies, said forensic experts in Dubai. The Indian rupee has emerged as the currency of choice, overtaking the US dollar in 2011 by currency forgers, accounting for 10,700 […]

France Says Goodbye To The Franc

Ten years after instituting the euro as the national currency, France said goodbye to the franc this weekend. According to the American Foreign Press (AFP), hundreds of people lined up at the offices of France’s central bank on Friday to exchange old francs for euro banknotes as it was the last day mandated by the […]

Scotland Seeks Out Currency Options

In the face of a looming referendum that could see Scotland proclaim its independence from the UK, politicians have begun fielding questions on the issue of the country’s currency. If Scotland gains independence, they will have to choose whether or not to continue using the British pound – the currency used throughout the United Kingdom. […]

Euro Celebrates 10-Year Anniversary To Little Fanfare

January 1, 2012 marked the 10-year anniversary of the euro, a singular currency that services 17 countries throughout Europe, but there is little to celebrate. Marred by what the European Commission deemed “fiscal and macroeconomic imbalances built up over the decade,” many financial analysts say the euro is in trouble. Countries such as Ireland, Spain […]

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 […]

Fortress CEO Discusses Banknote Implications of Possible Eurozone Collapse

Fortress Paper CEO Chad Wasilenkoff appeared on BNN this week where he was asked to discuss the implications for banknotes and currencies throughout the eurozone in the face of its potential collapse. Wasilenkoff said that even though countries may pull out of the eurozone and revert back to their old currency, that process is lengthy […]

Bulgarian PM Receives Award For Counterfeit Crackdown

Bulgarian Prime Minister Boyko Borisov was presented with a special award from Europol this weekend for his role in eliminating a counterfeit ring earlier this month. The counterfeiters, who were set up in a small shop near a pig farm in Central Bulgaria, possessed highly sophisticated forging equipment and were printing fake euro and US […]

Learning more about Landqart

Fortress Paper owns and operates two paper mills in Europe – the Dresden Mill and the Landqart Mill. Each with a specific task, the mills are responsible for Fortress’ output of paper products including wallpaper, banknotes, security paper, and more. This article takes a closer look at the Landqart Mill in Landqart, Switzerland. For over […]