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Switzerland wins IBNS Banknote of Year again

Banknotes, NewsBy SMI 07/04/2018

Switzerland has won the International Bank Note Society’s (IBNS) Bank Note of the Year Award 2017 for the second year in a row. The IBNS selected Switzerland’s Ninth Series 10-franc banknote from more than 170 banknotes that were released globally throughout 2017. The Swiss 50, also from the Ninth Banknote Series, won the award for 2016.…

Venezuela’s new currency to start circulating in June

Banknotes, Currency, NewsBy SMI 06/04/2018

The Central Bank of Venezuela has confirmed that banknotes from its new re-denominated currency will start circulating on 4 June 2018. The news was confirmed by the Central Bank of Venezuela in a press release issued today. News of the new denominations, which will have three zeros removed from each denomination’s value, was announced last month by…

BSP circulates New Generation Currency (NGC) Coin Series

Coin, NewsBy SMI 27/03/2018

The Bangko Sentral ng Pilipinas, the Philippines Central Bank, has started to issue its latest circulating coins from the New Generation Currency (NGC) Coin Series. The new series comprises of six coin denominations consisting of the 10, 5 and 1-piso and the 25, 5 and 1-sentimo. Micro-printed details have been included on the two highest…

New Swiss 200 franc banknote scheduled for August 2018

Banknotes, NewsBy SMI 20/03/2018

The next Swiss banknote of the new Ninth Series will begin circulating in August 2018. The Swiss National Bank, Switzerland’s Central Bank, confirmed the news via a press release yesterday. The new 200-franc banknote will be the fourth denomination to be issued from the Ninth banknote series, following the launch of the 50-franc note in…

Ukraine replaces low value banknotes with coins

Banknotes, Coin, NewsBy SMI 15/03/2018

The National Bank of Ukraine has unveiled new circulating coins which are to replace respective low value banknotes that are currently in circulation. The new coins consist of denominations UAH 1, 2, 5 and 10, the latter valued at around US $0.40. The National Bank will issue the coins in stages, with the UAH 1…

Venezuela upgrades highest denomination banknote

Banknotes, NewsBy SMI 14/03/2018

The Central Bank of Venezuela has begun circulating an upgraded version of its highest value banknote denomination, the 100,000 bolivar note. According to the Central Bank of Venezuela press release, the new banknote has an upgraded watermark with “the face of the Liberator” (Simón Bolívar) and the Central Bank’s initials “BCV” shown in electrotype. The upgraded note…

Canada unveils vertical $10 banknote featuring Viola Desmond

Banknotes, NewsBy SMI 08/03/2018

The Bank of Canada has unveiled the new $10 banknote featuring the iconic Canadian woman Viola Desmond on International Women’s Day. The launch of the new $10 banknote, expected to begin circulating in late 2018, marks the first time that an iconic Canadian woman has been included in a circulating Bank of Canada banknote. An…

Thailand unveils new banknote designs

Banknotes, NewsBy SMI 08/03/2018

The Bank of Thailand has unveiled the new banknote designs featuring portraits of the new King Maha Vajiralongkor, expected to begin circulating in April. The new Thailand banknote Series 17 from the Bank of Thailand consists of five denominations, namely the 20, 50, 100, 500 and 1,000-baht, as per the previous banknote series. The front of…

Moldova circulates new lei coins

Coin, NewsBy SMI 02/03/2018

The National Bank of Moldova has issued new coins of 1, 2, 5 and 10-lei that will circulate alongside existing banknotes of the same value, shifting the country’s coin-note boundary. The National Bank of Moldova (NBM) performed a broad economic study on cash use within the country, conducting public consultations with independent experts, local and central authorities, representatives of the business…

Upgraded Hungary 1,000 forint banknote enters circulation

Banknotes, NewsBy SMI 01/03/2018

As part of its program to upgrade its family of banknotes, the Central Bank of Hungary has begun circulating a new upgraded 1,000 forint banknote. The Magyar Nemzeti Bank (MNB) issued a statement in August last year confirming the issue of the new note which contains new design elements and security features. Whilst the new note became legal tender on the…