When a country redesigns their banknotes to update the series or enhance their security features, part of the process typically includes finding ways to inform the public of coming changes. From posters, to commercials, to online videos, central banks take on the responsibility of educating currency users of coming changes. The Bangko Sentral ng Pilipinas [...]
Though some believed the currency could see a massive overhaul, bank officials in New Zealand announced that the design of their new banknote series will remain similar when the notes are released in 2014. A point of contention for the new notes was the depiction of Queen Elizabeth on the country’s $20 banknote. A recent [...]
Several months before the Bank of Canada introduces a new polymer $100 banknote into circulation, the town of Nanaimo, British Columbia is noticing an influx of fake $100 bills being used at local businesses. Modeled after the current cotton-paper blend banknote, the fakes have been making their way to gas stations, video stores, taxi companies [...]
This article is part of a continuing series that looks at security features in development for the security paper industry. Modern day banknotes are equipped with a plethora of high tech security features to prevent illegal counterfeiting. From see through windows to 3D holograms, and from microprinting to watermarks, security features not only prevent fakes [...]
For the first time in over a decade, the Reserve Bank of New Zealand is planning on introducing a new series of banknotes. “In its annual statement of intent for 2011-2014, the bank said it would soon begin planning for a new series…which would include adding new security features to prevent counterfeiting,” Stuff.co.nz wrote last [...]
The British territory of Gibraltar issued new £5 and £20 banknotes this month, and – for the first time ever – the country has introduced £100 banknotes into circulation. The new notes were part of a series introduced in two phases. The first new notes – the £10 and the £50 – were issued in [...]
Nearly a year ago, the US Treasury Department unveiled what they were calling “the next generation one hundred” – a newly designed, high-tech $100 banknote. Set to be unveiled in February 2011, the bills were equipped with a 3D ribbon crossing the center of the bill and a colour-changing Liberty Bell alongside some other tradition [...]
In an effort to reduce counterfeiting throughout the country, the government of India announced this week that they would be increasing security features on their banknotes beginning this summer. Indian Finance Minister Pranab Mukherjee said in an announcement Monday that counterfeiting had become “a matter of great concern” for the country, thus the need to [...]
The southern African country of Namibia is joining the growing list of nations announcing a new series of banknotes in order to upgrade their security features. “Given the rapid technological advancement in the banknote industry, an array of security features is being continuously developed to provide tighter security to banknotes,” said Ndangi Katoma, the head [...]
Nearly a week after Sweden’s central bank, Sveriges Riksbank, launched a contest asking the public to help design their upcoming series of banknotes, the Bank of Israel (BOI) is following suit. For the first time ever, the BOI is reaching out to the community for the design of their new series of banknotes that will [...]