UK based banknote printer De La Rue has seen its shares drop 30% after it issued a profits warning, with this year’s profits expected to be £20m lower than the previous financial period. The company, which produces the UK’s biometric passports and prints banknotes for countries worldwide, warned that industry trading conditions had “deteriorated” causing prices…
The European Central Bank has today released the new €10 banknote into circulation. The new cotton-paper banknote includes various new security features making it more resistant to counterfeiting but, says the ECB, is still easy for users to check its authenticity using the feel, look and tilt method. As with all banknotes within the new Europa series,…
According to various local websites, the Central Bank of Myanmar is due to issue a new 5,000 kyat banknote. The new design will incorporate modern security features to prevent counterfeits being accepted in circulation. It is thought that the new banknote will be put into circulation on the 1st October 2014, and the existing 5,000…
Commuters in London will be able to use their contactless payment cards to pay for their travel fares on Tube, tram, DLR, London Overground and National Rail services from today. The new technology will work the same way as the existing pre-payment Oyster travel card service, by ‘tapping’ the contactless enabled payment card against the…
A press release issued yesterday by the Bank of Israel details the new NIS 50 banknote, due to be released into circulation on Tuesday the 16th September 2014. The NIS 50 banknote is the first denomination to be released from the new banknote series. Previous NIS 50 banknotes issued in 1999 will continue alongside the…
The iPhone 6 was launched today and, as has been anticipated for quite some time, it brings a new contactless payment system which is expected to quickly go mainstream. The contactless payment system is marketed as being simple, easy to use technology, with no need to open an application prior to making the payment. The…
It has today been announced that the Bank of England (BoE) has selected De La Rue as the preferred bidder in the tender for its banknote printing contract starting in April 2015. The BoE advised that De La Rue had been awarded the contract “as a result of scoring highest in the Bank’s evaluation process for…
It was announced on Monday 1st September that the Magyar Nemzeti Bank (National Bank of Hungary) intends to issue new designs of banknotes into circulation by 2018. The 10,000 forint banknote is the first note to be re-designed and was released into circulation today. The old 10,000 forint note will continue to circulate for the…
According to local news reports, the Bulgarian National Bank will replace the 2 leva banknote with a 2 leva coin in 2015. The coin will be bi-metal – 2 metals of different colours (similar to the 1 lev coin) but with a yellow/gold centre and white/silver ring. The 2 leva coin will be slightly larger…