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Increase in euro counterfeit banknotes

Banknotes, NewsBy SMI 27/01/2015

The European Central Bank (ECB) has released its banknote counterfeit figures for the second half of 2014, showing an increase in the number of fake banknotes withdrawn from circulation. 507 thousand counterfeit banknotes were removed, an increase of 53% compared to the first half of 2014 and an increase of 44% compared to the same…

Cuba issues new high denomination banknotes

Banknotes, Currency, NewsBy SMI 19/01/2015

From the 1st February 2015, the Central Bank of Cuba will issue new denomination banknotes, 200,500 and 1000 pesos, into circulation. The aim is for the new high denomination banknotes to ease economic transactions, as currently the highest denomination banknote is the 100 peso note. All three notes will have the same dimensions, 150 x…

Lithuania joins the euro

Banknotes, Coin, Currency, NewsBy SMI 02/01/2015

The new year brings a new currency for Lithuanians, as, on the 1st January 2015, Lithuania became the 19th member of the euro currency area, replacing the previous Lithuanian litas currency to the Euro at an exchange rate of €1= LTL 3.45280. Lithuanians have 2 weeks to continue paying for items using Lithuanian litas, but…

Ukraine to issue new 100 hryvnia banknote

Banknotes, NewsBy SMI 02/01/2015

According to a statement released by the National Bank of Ukraine, a new 100 hryvnia banknote will be released into circulation on March 9, 2015. The new banknote is the result of a long term project to replace the previous banknote series issued between 2003 and 2007. The new notes will run alongside the previous…