404 Not Found

ECB unveils new €20 banknote

Banknotes, NewsBy SMI 25/02/2015

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…

Video: Watch the life cycle of euro banknotes

Banknotes, Currency, NewsBy SMI 24/02/2015

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.

Sweden introduces new banknotes and coins

Banknotes, Coin, Currency, NewsBy SMI 17/02/2015

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…

Australian banknotes to include features for visually impaired

Banknotes, NewsBy SMI 13/02/2015

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…

Contactless payment limit increases to £30

Cashless Payments, News, TechnologyBy SMI 06/02/2015

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…

Pakistan’s circulating currency doubles within 5 years

Currency, NewsBy SMI 05/02/2015

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…

Bundesbank records 63% rise in counterfeit banknotes

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

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…

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…