Bank of England building

Bank of England: New Chief Cashier

Currency, News

After a six month exercise led by its Executive Committee, the Bank of England launched its Strategic Plan yesterday. The Bank’s Governor, Mark Carney, has set out 15 initiatives to reshape the Bank which are to be implemented during the next three years. Most notably for the banknote industry, Victoria Cleland (former Head of Notes…

BoE pound design

Royal Mint’s new pound coin design

Coin, News

The Royal Mint has produced a prototype for a replacement £1 coin with the aim of reducing counterfeit coins in circulation. The coin will include the Royal Mint’s new security feature, iSIS (Integrated Secure Identification Systems), which “involves the application of an existing security technology that has been proven over decades in banknotes”. The Mint…