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Maldives reveals the new 5 Rufiyaa banknote

Banknotes, NewsBy SMI 11/05/2017

The Maldives Monetary Authority (MMA) have unveiled the design of the new 5 Rufiyaa banknote. The new polymer banknote is part of the Ran Dhihafaheh note series which launched on 1 November 2016 and circulated on 26 January 2016, consisting of the 10, 20, 50, 100, 500 and 1,000 denominations. The new polymer 5 replaces the last…

Switzerland introduces the new 20-franc banknote

Banknotes, NewsBy SMI 10/05/2017

The Swiss National Bank, the central bank of Switzerland, has today revealed the new 20-franc banknote design The 20-franc banknote is the second of the latest ninth series of banknotes to be issued in Switzerland, following the release of the award winning 50-franc note in April last year. The new note will be issued into circulation…

Switzerland wins 2016 IBNS Banknote of the Year Award

Banknotes, NewsBy SMI 25/04/2017

The International Bank Note Society (IBNS) has announced the new Swiss 50 banknote as the winner of the Bank Note of The Year Award 2016. The 50-franc banknote was issued by the Swiss National Bank in Switzerland in April 2016, the first denomination to be circulated from the country’s ninth banknote series. Printed by Orell Fussli Security Printing…

Fiji issues Rugby Sevens commemorative banknote and coin

Banknotes, NewsBy SMI 25/04/2017

The Reserve Bank of Fiji has issued a new banknote and a 50-cent coin celebrating the country’s gold medal win at the Rio 2016 Summer Olympics in the men’s Rugby Sevens – the country’s first ever Olympic medal. By the time the Fijian team had made it to the Olympic final in August last year, the…

South Korea trials coinless society

Coin, NewsBy SMI 20/04/2017

In a move towards a cashless society, South Korea has begun a trial whereby cash paying shoppers can receive their transactional change in the form of a credit deposited onto pre-paid payment cards, instead of coins. The trial begins today following an announcement by the Bank of Korea last year detailing efforts to reduce the volume of circulating coins within the country. Customers…

Isle of Man coins begin circulating today

Coin, NewsBy SMI 10/04/2017

The Isle of Man Treasury has announced the launch of the latest set of Manx circulating coins, including a five pound coin. The new coins will begin circulating from today, Monday 10 April 2017, on the Isle of Man, a self-governing Crown dependency situated between England and Northern Ireland with a population of around 86,000 people. The…

Canada unveils commemorative $10 banknote

Banknotes, NewsBy SMI 10/04/2017

The Bank of Canada (BOC) has unveiled a commemorative ten dollar banknote celebrating the 150th anniversary of Confederation. The new $10 banknote was unveiled on Friday 7th April by the Bank’s Governor Stephen S. Poloz and Parliamentary Secretary to the Minister of Finance Ginette Petitpas Taylor at a ceremony at the Bank’s head office in Ottawa.…

The new euro €50 enters circulation today

Banknotes, NewsBy SMI 04/04/2017

The fourth banknote of the Europa series, the euro €50, enters circulation today containing a variety of new, modern security features to help combat the threat of banknote counterfeiting. The new euro €50 banknote denomination includes KURZ’s KINEGRAM ReView® holographic foil stripe including a portrait window. The window displays a portrait of Greek mythology figure Europa, visible on…

De La Rue’s Centre of Excellence opens in Malta

Banknotes, NewsBy SMI 31/03/2017

Following an announcement last November, De La Rue opens its Global Centre of Excellence for Security Print on the European island of Malta. The Centre was opened last Thursday, 30 March 2017, by The Prime Minister of Malta, Joseph Muscat. According to De La Rue, it has been designed to “deliver the next generation of…

UK’s 12-sided pound coin is launched today

Coin, NewsBy SMI 28/03/2017

The new 12-sided £1 coin has entered circulation today, said to be the most secure circulating coin in the world. The new coin, issued by The Royal Mint, contains several new features making it difficult to counterfeit. Previously, the one pound coin had become vulnerable to counterfeiters, with one in 30 pound coins in circulation being counterfeit.…