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Venezuela to issue new high denomination banknotes

Banknotes, Currency, NewsBy SMI 28/10/2016

It is reported that the government of Venezuela is planning to issue new high value banknotes this December. The country’s economy has faced hyperinflation in recent years and it is forecast to reach 1,600% next year. The bolivar was revalued in 2008 at a ratio of 1 to 1,000, and the new currency, complete with…

Royal Bank of Scotland issues polymer £5 banknote

Banknotes, NewsBy SMI 27/10/2016

The Royal Bank of Scotland’s first polymer banknote entered circulation today, following the trend set by other Scottish issuing authorities, the Bank of Scotland and Clydesdale Bank. The design of the new note was announced in April earlier this year. It features Scottish poet Nan Shepherd and is the first of the new “Fabric of…

Argentina issues new 200-peso banknote denomination

Banknotes, NewsBy SMI 27/10/2016

Following the introduction of a new high denomination 500-peso banknote in June of this year, the Banco Central de la República Argentina has introduced a new 200-peso paper banknote within the indigenous animal series. The design of the note, which is a new denomination within the Argentinian currency structure, is predominantly blue in colour and…

Pakistan issues new 10-rupee coin

Coin, NewsBy SMI 25/10/2016

The State Bank of Pakistan has introduced a new 10-rupee coin that will circulate alongside the current 10-rupee banknote first issued in 2006. Though there are no reports of the banknote being withdrawn, it is thought the move to coin will help to minimise the costs of replacing the highly used 10-rupee banknote given the…

Bank of Scotland issues £5 polymer banknote

Banknotes, NewsBy SMI 04/10/2016

Following the release of the Clydesdale Bank polymer £5 banknote last week, the Bank of Scotland has today issued their own polymer version. The new banknote will be available from Bank of Scotland branches from today, and will become more widely available across the country in due course. The new note differs to the previous…

Sweden launches new banknotes and coins

Banknotes, Coin, NewsBy SMI 03/10/2016

Sweden has launched the remaining banknotes and coins of its latest currency series today, with the new 100 and 500 krona banknotes and 1, 2 and 5 coins. The new banknotes and coins complete the latest currency series issued from Sveriges Riksbank, the central bank of Sweden, following the initial release of the 20, 50,…