global banknote industry
Czech National Bank Counterfeit Cash App
A new phone app has been unveiled by the Czech National Bank Counterfeit Cash App which it says will help consumers identify counterfeit money, using detailed photographs and descriptions of all valid versions of Czech banknotes and coins. The Czechs see value in protecting their traditional currency, the koruna as the Euro is coming under criticism [...]
£30,000 Counterfeits Made
Using digital images of real money and an ink- jet printer, almost £30,000 in fake bank notes were counterfeited. On Monday at the Glasgow Sheriff Court, Ian Beaton admitted to creating the fake notes. After police searched his car near Aberdeen and found £2000 of seized counterfeit notes with his fingerprints on the envelope the [...]
Zambia Returns Coins To Circulation
As the African nation of Zambia continues to struggle with inflation, Zambia has recently announced it is planning to toss three zeros off its banknote denominations while returning coins to circulation. Zambia Daily Mail newspaper on January. 26, 2012 quoted businessman Lubuto Simwanza as saying, “Zambia has the highest denominations in the region. If you [...]
Malawi New K1, 000 Banknotes
The Reserve Bank of Malawi (RBM) confirmed the 1,000 Kwacha (about $6) banknotes according to Nyasa Times. Dr. Perks Ligoya, Reserve Bank of Malawi (RBM) Governor said that the new banknote will be in circulation in the next six months at a news conference in Blantyre on Friday. Ligoya said “We are introducing a complete [...]
Greek Drachmas Worth 240 Million Euros Unclaimed
ATHENS -Greece swaps a record-breaking debt this week which were overshadowed by the equivalent of 240 million euro’s unclaimed, in exchange for now-obsolete Greek drachmas. Nearly 82 billion drachmas ($320 million) in banknotes were unaccounted for when the deadline for withdrawal ended on March 1 by the Bank of Greece, said Kathimerini daily. Drachma coins [...]
Burning Cash for Fuel in Hungary
During a deadly cold snap, Hungary’s central bank is helping heat needy humanitarian organizations by pulping wads of old notes into briquettes which is a gesture that had warmed the hearts and bodies of many. Krisztina Haraszti, the head of a centre for autistic children in the impoverished north-eastern town of Miskolc said “It’s a [...]
Oman Issues New High Security Banknote
The Central Bank of Oman (CBO) unveiled its latest banknote this month, a new 50-rial bill. Aside from commemorating the 40th National Day, the day Sultan Qaboos bin Said overthrew the restrictive rule of his father in 1970 and also the sultan’s birthday, the new banknote also features several upgraded security features. The new features [...]
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 [...]
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 [...]
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 [...]
