As part of its program to upgrade its family of banknotes, the Central Bank of Hungary has begun circulating a new 1,000 forint banknote. The Magyar Nemzeti Bank issued a statement yesterday confirming the issue of the new note which contains new design elements and security features. Whilst the new note became legal tender on the 24 August, it will…
The Reserve Bank of India has revealed the design of the new ₹50 banknote denomination, part of the new Mahatma Gandhi Series. The new banknote denomination features a portrait of Mahatma Gandhi on the front of the note and an illustration of the Stone Chariot – a shrine dedicated to Gandhi which stands in the Indian village…
The National Bank of Ukraine is to consider the legal status and regulation of digital currencies such as Bitcoin by the end of August 2017. The Central Bank has issued a press release confirming that the issue of regulating digital currencies will be considered at the next meeting of its Financial Stability Board, to be held by the end of…
The Central Bank of Uzbekistan is set to issue a new high value 50,000-soum banknote denomination, to begin circulating on August 22, 2017. According to the Central Bank, the new 50,000-soums (US$12) denomination has been introduced due to the increasing average wage in the country, aiding citizens to “pay salaries, pensions and benefits as well…
The Reserve Bank of Australia has confirmed that its new $10 polymer banknote will begin circulating on Wednesday 20 September 2017. The new $10 will be the second of the Next Generation banknote series to be issued, following the release of the $5 on the 1 September last year. The design of the banknote is centred around…
The Royal Bank of Scotland has announced that it will issue its new polymer £10 banknote printed on SafeGuard® substrate on 4 October 2017. It is the first time in thirty years that the Royal Bank of Scotland (RBS) has issued a new £10 banknote design. The banknote denomination is the second in the RBS “Fabric of Nature”…
Tallow, a substance rendered from animal fat, will continue to be used in future polymer banknotes issued by the Bank of England. A press release issued by the Bank today has confirmed that there will be no change to the composition of polymer used for future banknotes. The new £5 polymer banknote was first issued in…
To celebrate the 300th anniversary of the Coronation, the Narodowy Bank Polski (NBP) will start circulating a commemorative banknote from the 21 August 2017. The front of the banknote displays imagery of the crowns bestowed by Pope Clement XI, and the reverse displays a drawing published in Rome in 1717, depicting the coronation of the Miraculous Icon…
The Royal Mint of Belgium has confirmed that it will cease its minting activities on 1 January 2018, reportedly due to overcapacity in the market. According to local reports, the Ministry of Finance has attempted to close the Royal Mint of Belgium since 2010 due to its business being unprofitable, but has met resistance from both the…
The UK’s Royal Mint has won a contract to supply Argentina with 150 million peso coin blanks, assisting the country in producing their new coin series. The announcement was made on social media by UK Chancellor Philip Hammond who visited Argentina earlier this month for trade talks – the first Cabinet minister to visit the country in…