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Bank of Israel to issue new NIS 50 banknote

Banknotes, NewsBy SMI 11/09/2014

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…

iPhone 6 launch introduces Apple Pay contactless payments

Cashless Payments, News, TechnologyBy SMI 10/09/2014

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…

Bank of England selects De La Rue as preferred bidder

Banknotes, NewsBy SMI 08/09/2014

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…

Hungary to issue new banknote series by 2018

Banknotes, NewsBy SMI 02/09/2014

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…

Bulgaria to replace 2 leva banknote with coin

Banknotes, Coin, Currency, NewsBy SMI 01/09/2014

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…

Nanotech Security acquires Fortress Optical Features

News, TechnologyBy SMI 26/08/2014

Nanotech Security Corp. has today announced that it has made an agreement to purchase 100% of Fortress Optical Features Ltd, who produce optical thin film used as banknote security threads. Vancouver based Nanotech, which designs and manufactures nanotechnology for use in anti-counterfeiting and authentication products, has made the agreement with Fortress Global Securities Sarl, a…

Lithuania: Preparing for the euro

Currency, NewsBy SMI 22/08/2014

Lithuania will begin using the euro from 1st January 2015. In preparation for the new currency, the Bank of Lithuania has signed an agreement with the German Central Bank – Bundesbank – regarding the acquisition of euro banknotes in all denominations. Chairman of the Board, Vitas Vasiliauskas, from the Bank of Lithuania stated: “We will…

Bank Indonesia plans to redenominate banknotes

Banknotes, Currency, NewsBy SMI 21/08/2014

According to an article published by the Jakarta Post, the Indonesia’s Central Bank – Bank Indonesia – plans to change the denomination structure of their banknotes by removing three zeros from the Indonesian currency. The plans for the Redenomination Bill are being discussed by the House of Representatives, the government and the Central Bank, with…

Cuba to issue new high denomination banknotes

Banknotes, Currency, NewsBy SMI 21/08/2014

According to local news reports, the Central Bank of Cuba plans to issue new designs of the top three denomination banknotes – the 20, 50 and 100 peso notes. The new notes will incorporate additional security features to help reduce counterfeiting, notably an additional watermark, and will be dated 2014. All notes currently in circulation…

Reserve Bank of India to issue new ₹1,000 banknote

Banknotes, Currency, NewsBy SMI 15/08/2014

The Reserve Bank of India has issued a statement declaring that a new ₹1,000 denomination banknote will be released shortly. The statement, dated August 14th 2014, advised the new notes will incorporate the new Indian currency symbol (₹) with “R” inset letter in the Mahatma Gandhi Series-2005. The printing year ‘2014’ will be displayed on …