production of banknotes
Indian charity issues zero rupee banknotes
Fifth Pillar, an Indian charity that confronts corrupt officials, has issued a zero banknote as a way to protest ongoing bribery and extortion in the country.
The notes have no value, but look identical to Indian banknotes and carry the slogans “Eliminate corruption at all levels” and the pledge “I promise to neither accept nor give [...]
Uzbekistan Debit Woes Highlight Continual Need For Banknotes
A move to reduce the amount of banknotes used in everyday transactions in Uzbekistan has hit some rather large setbacks, at times leaving people with no cash in hand at all.
The central-Asian country recently launched a campaign to push the use of debit cards as a more convenient way of conducting transactions, with the government [...]
“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 coin [...]
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“In the second half of 2009 a total of 447,000 counterfeit euro banknotes were withdrawn from circulation,” an ECB statement said.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 increase is [...]
India Attempts Crack Down on ‘Financial Terror’
India will put together a ‘financial terror dossier’ this week in an attempt to garner international support in pressuring Pakistan to immobilize a booming counterfeit currency ring that exports bogus Indian banknotes into the country.
Since the attacks in Mumbai last November, India has been aggressively building a number of cases against the neighboring Pakistan, including [...]
Turkey Enters Second Phase of Currency Reform
On January 1, 2010, Turkey will begin the second phase of its planned currency reform that will see the country stop production of their current banknotes (the New Turkish Lira) and replace them with a new currency series, simply called the Turkish Lira.
This second phase comes five years after the country first redenominated its currency [...]
FOXNews.com: “The Dollar Bill Goes High-Tech”
Counterfeiting has never been easier. All it takes these days is a fairly inexpensive color printer, some graphic design software and a willingness to spend a few decades in jail if you get caught.
But desperate times call for desperate measures, so criminals struggling in a tough economy and savvy with advanced printing equipment have figured [...]
VIDEO: Fortress Paper President & CEO on BNN
Fortress Paper’s President & CEO, Chad Wasilenkoff, talks to the Business News Network (BNN) about his company’s focus on non-woven wallpaper & security paper, and speaks about upcoming innovations at their Landqart Mill in Switzerland.
Watch the BNN clip HERE, or by clicking on the image to the right.
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 made the [...]
Helping Protect Financial Integrity
History has shown that our increasing complex financial system faces some unique challenges. Recently, the world of high finance collided with Main Street and the average investor was left to decipher why esoteric instrument such as derivates, swaps, counter-party agreements, packaged subprime loans and credit default swaps were impacting their investments and retirement savings. [...]
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