The new £50 banknote was released into circulation this week in the UK, but the Bank of England said consumers should be aware of all the new security features on the note in order to avoid any fakes. Some simple measures for verifying the authenticity of the new notes include: – checking for the unique [...]
With just a few weeks to go before the first banknotes from Canada’s new series enters into circulation, here’s another article detailing a behind the scenes look at the development of the new polymer notes. While a major goal of developing a new banknote series is to enhance security features, the design of the series [...]
With just a few weeks to go before the first banknotes from Canada’s new series enters into circulation, here’s a behind the scenes look at the development of the new polymer notes. The development of Canada’s new polymer banknote series began nearly five years ago at the Bank of Canada. An advanced team of engine [...]
Two years after unveiling its design, The Bank of England will introduce a new £50 banknote into circulation on November 2. The new note will feature the portraits of entrepreneur Matthew Boulton and engineer James Watts – a duo that pioneered the use of steam engines in textile manufacturing during the 18th century. This marks [...]
Though they won’t be available to the general public until next year, Passport Canada has already issued more than 40,000 new electronic passports to diplomats and government officials. These passports were issued as part of a pilot project that began in 2009 to test the features of Canada’s new e-passports, which, to date, have yielded [...]
BBC News visited Fortress Paper’s facility in Landquart, Switzerland this week to learn about the process of making banknotes. In a video featured in the BBC’s Business section, Marco Ziethen, the production manager at Landquart, takes reporter Lucy Burton through a step-by-step guide to manufacturing banknotes. From importing, refining and bleaching cotton, Ziethen showed how [...]
In an effort to make some of their banknotes more durable and counterfeit proof, the Bank of England is considering the introduction of polymer banknotes. The £5 banknote is the most likely candidate to be switched first as it is the lowest denomination and therefore the most frequently used, however the Bank has also said [...]
A report by Edmonton’s city auditor, David Wiun, said the city lost nearly $30,000 last winter due to a rash of counterfeit transit passes. Wiun’s report comes on the heels of an investigation by the Edmonton police, Edmonton Transit Service and the city’s corporate security department, all of whom had been following leads and tips [...]
As the Bank of Canada prepares to put new polymer $50 and $100 banknotes into circulation, more details are being released about the design on the new bills. Last month, we wrote about the years of work it took to develop the security features for the new notes. The design of the bills also went [...]
In order to combat counterfeiting, Bank Indonesia (BI) announced this week that it would be upgrading the security features on its banknotes beginning in October. Using a technique called “rainbow printing,” the new banknotes issued by BI are made by using several colours on a single plate that results in a natural blending of the [...]