The European Central Bank has unveiled the new €20 banknote, the latest in the Europa series. The new note, which is the third to be released of the second series of euro banknotes, is to enter circulation on 25 November 2015. It has a number of new security features including an eye catching portrait window…
Have you ever wondered about that banknote in your wallet? Where was it made? How old is it? How many times has it been used in transactions? What will happen to it in future? To find out, watch this interesting film made by the European Central Bank about the life cycle of a euro banknote.
On Monday 16 February 2015 the Riksbank, the Central Bank of Sweden, introduced its new series of banknotes and coins. It is the first series to be launched in 30 years, and the new designs include a new denomination 200 krona banknote and 2 krona coin – the 2 krona coin was last issued in…
A press release from the Reserve Bank of Australia (RBA) on 13 February 2015 advises that the next generation of Australian banknotes will include a tactile feature aimed at people with vision impairments to enable them to distinguish between banknote denominations more easily. The current series of polymer banknotes uses bright colours, large and bold…
From September 2015 the UK spending limit on contactless cards will increase from £20 to £30 per transaction. When the technology was first introduced the spending limit was £10, which increased to £20 following fast take-up of the payment method. The increase to £30 follows a serge in the use of contactless payments in the…
According to a report by online news source the Pakistan Tribe, Pakistan’s currency in circulation increased from Rs 1,224 billion to Rs 2,500 billion between 2009 and 2014, an increase of 104%. The State Bank of Pakistan’s (SBP) Deputy Governor of Operations, Mr Kazi Abdul Maktadir, discussed Pakistan’s rising currency in circulation during the Conference…
Germany’s Central Bank, The Deutsche Bundesbank, has released their 2014 counterfeit banknote statistics which shows a large increase in comparison with 2013. The number of counterfeit banknotes removed from circulation during 2014 by banks, retailers and police authorities totaled 63,000 notes, with a nominal value of €3.3 million, a 63% rise compared to 2013. Though…