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De La Rue plc reports 2014 results

Banknotes, Currency, NewsBy SMI 28/05/2014

This morning De La Rue plc (DLR) reported its full year results for the 2013/2014 period. The largest commercial producer of banknotes and security documents, which has a market capitalisation of around £880 million, has reported a 37% increase in pre-tax profits for the year to March 29 2014, showing continued recovery from the paper production…

First UK polymer banknote to be issued 2015

Banknotes, NewsBy SMI 23/05/2014

The first plastic polymer banknote to be issued in the United Kingdom will be circulated in 2015. Two million Scottish £5 banknotes will be issued by Clydesdale Bank branches (not the Bank of England, which will issue its own polymer £5 banknote design in 2016). The new Scottish note features the Forth Bridge on its…

Kuwait to issue 6th banknote series

Banknotes, NewsBy SMI 21/05/2014

On May 19th 2014 the Central Bank of Kuwait (CBK) unveiled the sixth banknote series of the Kuwaiti currency. The CBK has released a promotional video as part of its Sixth banknote issue educational campaign, which is narrated in Arabic: The new series will be issued into circulation from 29 June 2014. The banknote series feature…

Libya releases new half dinar coin

Coin, NewsBy SMI 13/05/2014

The Central Bank of Libya (CBL) has issued a new half dinar coin. The new coin, which was issued on Sunday 11th May, is a bi-metal design featuring a gold coloured central core and a silver coloured outer ring. The Central Bank has advised that both the old and new versions of the coin will…

MasterCard president says ‘cash is dying, slowly’

Cashless Payments, NewsBy SMI 12/05/2014

The President of MasterCard International Markets, Ann Cairns, has recently discussed the impacts of alternative payments on the use of cash, saying that “cash is dying, slowly”. In an interview with International Business Times (IBTimes) TV, Ann Cairns said that the use of paper and cash as a payment medium accounts for 85% of the…

Thailand issues new 500-baht banknote

Banknotes, NewsBy SMI 08/05/2014

The Bank of Thailand has issued a new 16th series 500-baht banknote which will be circulated from 12 May 2014. The design is similar to its previous version – purple is still the predominant colour and it is the same size, 72 x 156 mm. The note contains new security features to help people…

Durasafe® confirmed for new Swiss Franc series

Banknotes, NewsBy SMI 02/05/2014

Fortress Papers Ltd announced yesterday that Durasafe®, produced by its Landqart Mill, has been confirmed as the substrate for the next series of Swiss Franc banknotes. Security paper manufacturer Lanqart AG developed Durasafe® in co-operation with Swiss Federal Institute of Technology in Zurich. It has a central polymer layer with two outer cotton paper layers.…