global banknote industry
“Counterfeiting, A Three-Part Series.” Part 2: The evolution of anti-counterfeiting measures
*This article is the second in a three-part series on counterfeiting. In the world of currency, developing anti-counterfeiting measures have always followed the emergence of counterfeit banknotes and coins, and they have taken on many different forms. As seen in the previous article in this series, (read: Part 1: A History of Counterfeiting), one of [...]
Iran follows in North Korea’s footsteps, plans to redenominate currency
A little over a month after the turmoil caused in North Korea by the redenomination of their currency (read: North Korea Changes Currency and Rates 100 to 1), Iran has also announced a similar plan. Iranian president Mahmoud Ahmadinejad said the country would “remove zeros from its national currency, the rial, in order to make [...]
“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 [...]
Japanese company unveils multiple currency ATM
It’s been over 40 years since the world was first introduced to the convenience of an automatic teller machine (ATM). Invented by inventor John Shepherd-Barron, the ATM first made its appearance in London in 1967. Though the machine used PIN (personal identification number) codes it was dependent on checks impregnated with the (slightly) radioactive isotope [...]
North Korea Changes Currency and Rates 100 to 1
The North Korean government announced this week that it would be redenominate their current currency and replace old banknotes with new ones of a drastically lesser value. Though the currency will keep the same name (the won) one hundred old won is now only worth one won – 1/100th of their previous worth. The government [...]
Banknote 2009
On December 6, global banknote industry leaders will head to Washington, DC for Banknote 2009 – a four-day conference that brings together the public and private sectors to focus on emerging trends in the banknote industry. Though the Banknote conference began in 1998 as a specialty event focusing primarily on banknote substrates, it has become [...]
