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Crane Currency and the Bank of Morocco to print international banknotes

Banknotes, Currency, News, TechnologyBy SMI 14/11/2014

Banknote printer Crane Currency has entered a partnership with the Central Bank of Morocco, Bank Al-Maghrib, to print international banknotes. A statement detailing the partnership was issued on websites for both Crane and Bank Al-Maghrib dated November 12, 2014. The agreement is expected to be beneficial for both parties, by contributing “to the global expansion…

Mauritius begins “Clean Bank Note Program”

Banknotes, Currency, NewsBy SMI 05/11/2014

On the 3rd November 2014, the Central Bank of Mauritius announced that it is to embark on a “Clean Bank Note Programme” due to finding an increasing number of banknotes which have been defaced. “The Bank has noted, with concern, an increasing number of instances where banknotes are being defaced, either by writing, printing, drawing…

Trinidad and Tobago to issue new $50 polymer banknote

Banknotes, NewsBy SMI 29/10/2014

The Central Bank of Trinidad and Tobago has announced that it will be introducing a new polymer $50 banknote in December 2014. This is the first polymer note to be issued by the Bank, which it says will help make the note not only more durable but more secure too, utilising its “leading edge security…

Denmark to stop coin and banknote production

Banknotes, NewsBy SMI 23/10/2014

The Central Bank of Denmark, Danmarks Nationalbank, issued a press release on the 21st October advising of their decision to stop coin and banknote production from 2016, citing a drop in demand. Though the Bank recognises that the volume of cash in circulation within Denmark is high, it has seen a trend of falling demand…

De La Rue signs 10 year contract with Bank of England

Banknotes, Currency, NewsBy SMI 14/10/2014

Yesterday’s announcement from De La Rue (DLR), a large commercial banknote printer and passport manufacturer based in the United Kingdom, has confirmed that they have signed a new 10 year contract with the Bank of England. The contract is to print sterling GBP banknotes at the Bank’s note printing facility in Debden, Essex, UK, and will…

Norway confirms motifs for new banknote series

Banknotes, Currency, NewsBy SMI 09/10/2014

Norges Bank, the Central Bank of Norway, has issued a press release confirming the motifs which are to be used for their new banknote designs. 8 participants selected from a competition held earlier this year produced designs, of which 2 banknote proposals were chosen: Ripple Effects by Enzo Finger, and Norwegian Living Space by The…

De La Rue shares plunge after profit warning

Banknotes, NewsBy SMI 26/09/2014

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…

New euro €10 banknote issued today

Banknotes, NewsBy SMI 23/09/2014

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,…

Myanmar to issue new 5,000 kyat banknote

Banknotes, NewsBy SMI 19/09/2014

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…

Transport for London goes contactless today

Cashless Payments, NewsBy SMI 16/09/2014

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…