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New Philippine 100 Piso banknote

Banknotes, NewsBy SMI 30/01/2016

The Philippine’s Central Bank, The Bangko Sentral ng Pilipinas, has confirmed that a new 100-Piso banknote will begin circulating from the 1st February 2016. The note has been designed with a stronger mauve or violet colour compared with the existing banknote, to make it more distinctive. This, says the Central Bank, follows calls from the…

India to issue upgraded ₹100 and ₹500 banknotes

Banknotes, NewsBy SMI 23/01/2016

The Reserve Bank of India (RBI) has issued press releases confirming that new ₹100 and ₹500 banknotes are soon to be issued. The new notes will still form part of the Mahatma Gandhi series (2005) and will be similar in their design to their predecessors. The new banknotes will have numerals of ascending size in…

Argentina to issue higher denomination banknotes

Banknotes, Currency, NewsBy SMI 18/01/2016

Argentina’s Central Bank said on Friday that it would issue higher denomination banknotes during the next two years, addressing rising inflation rates within the country. The highest banknote is currently the 100 peso note, but the Central Bank of Argentina aims to start circulating new 200 and 500 peso banknotes by the end of 2016…

Royal Canadian Mint sells MintChip™ to nanoPay

Cashless Payments, News, TechnologyBy SMI 13/01/2016

Toronto based payments company nanoPay have acquired the digital currency platform MintChip™ from the Royal Canadian Mint. MintChip™ is “a digital replacement for cash” and, the company says, with backing from the Government of Canada, is the first regulator-friendly digital cash platform. “As a digital payment technology with many of the attributes of cash, MintChip™…

Ukraine presents new 500 hryvnia banknote

Banknotes, NewsBy SMI 04/01/2016

On 25th December 2015 the National Bank of Ukraine presented the new 500 hryvnia banknote, which is to enter circulation on 11 April 2016. The 500 denomination is the latest to be revealed, as part of a project launched in 2012 to revamp all note denominations released between 2003 and 2007. “The main reason behind…