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SMI is the acknowledged world leader in the provision of independent technical & commercial expertise to the currency industry. Founded in 1994, SMI consultants each have many years’ experience working in the currency industry, and consequently have extensive knowledge and understanding of all aspects of the banknote and coin markets, offering consultancy services on a range of issues related to the security, manufacture, issue, circulation and management of physical cash in the economy.

Brink’s to Acquire Majority of G4S Cash Operations for $860 Million

Currency, News, UncategorizedBy SMI 27/02/2020

RICHMOND, Va., Feb. 26, 2020 (GLOBE NEWSWIRE) — Brink’s Company (NYSE: BCO), the global leader in total cash management, route-based secure logistics and payment solutions, today announced that it has agreed to purchase for approximately $860 million (£660 million) the majority of the cash operations of U.K.-based G4S plc (LSE: GFS), a global security and…

Crane Co acquires Cummins Allison

Currency, News, TechnologyBy SMI 29/01/2020

Crane Co., a diversified industrial products company headquartered in Connecticut, US, has announced the acquisition of Cummins Allison Corp. for $160 million. Cummins Allison is a US manufacturer of currency handling systems, including high-speed cash and coin counting and sorting machines, ATMs, retail cash office solutions and related software along with a nationwide service network. The deal was closed on December 31, 2019.…

De La Rue Sells Identity Solutions Business

News, TechnologyBy SMI 12/06/2019

Today De La Rue announced that it is exiting the integrated identity documents market with a sale of its International Identity Solutions business for a cash consideration of £42 million. The buyer is HID Corporation Limited (“HID Global”), an ASSA ABLOY Group company. The deal price is agreed on a cash free debt free basis, payable upon…

Bank of England selected polymer substrate suppliers for its new £50 note

Banknotes, NewsBy SMI 04/06/2019

An 8-year contract to supply the polymer substrate for the Bank of England’s new £50 banknote has been awarded jointly to De La Rue and CCL Secure. The first call-off volume will be split between De La Rue’s Safeguard® (45%) and CCL Secure’s Guardian™ (55%). The next call-off, which will cover the polymer £5 and £10, is expected…

New €100 and €200 banknotes enter circulation

Banknotes, NewsBy SMI 29/05/2019

The last two denominations of the Europa series of euro banknotes start circulating today. The denominations of the new series have been introduced gradually in ascending order. With discontinuation of the production of the €500 note, this latest addition completes the series. The new banknotes feature upgraded public security features: a satellite hologram and an enhanced emerald…

Swiss National Bank reveals new 1000-franc banknote

Banknotes, NewsBy SMI 05/03/2019

The Swiss National Bank has revealed the latest banknote denomination from its Ninth banknote series, the high value 1,000-franc, which will begin circulating on 13 March 2019. The Swiss 1,000-franc is the fifth of six denominations to be issued from the new series. The 50-franc began circulating in 2016 followed by the 10 and 20-franc in 2017…

Northern Ireland banks issue new polymer £5 and £10 banknotes

Banknotes, NewsBy SMI 27/02/2019

New polymer banknotes have been issued today by Northern Ireland’s three issuing banks, Ulster Bank, Bank of Ireland and Danske Bank. New £10 polymer banknotes have been issued by Northern Ireland’s Ulster Bank, Danske Bank and the Bank of Ireland today, with additional £5 notes issued by Ulster Bank and Bank of Ireland. It is the…

Uzbekistan issues new high value 100,000-som banknote

Banknotes, NewsBy SMI 26/02/2019

The Central Bank of Uzbekistan has issued another new high value banknote denomination, the third high value denomination to be added to the banknote series since 2017. The central bank issued a new 10,000-som denomination in March 2017 followed by the 50,000-som denomination in August the same year. The increasingly high value banknote denominations have been issued…

Reserve Bank of Australia reveals $20 banknote design

Banknotes, NewsBy SMI 22/02/2019

The Reserve Bank of Australia has revealed the design of its Next Generation $20 banknote, which will begin circulating in October 2019. The design of the polymer banknote continues to feature portraits of Mary Reibey, an 18th century successful business woman also known for her support of charity, religion and education, and Reverend John Flynn, pioneer of the…

Guyana upgrades banknote with RAPID®

Banknotes, NewsBy SMI 15/02/2019

The Bank of Guyana will soon be issuing an upgraded $1,000 banknote with new security thread features including RAPID®. A press release from the Guyana central bank has confirmed that the upgraded $1,000 banknote will no longer have the holographic stripe displayed on the front of the banknote, but will instead feature Crane Currency’s RAPID® micro-optic…