Visa Inc. has announced a new initiative called The Visa Cashless Challenge, encouraging US small businesses to stop using cash by offering thousands of dollars in reward. The Visa Cashless Challenge invites small US-based food service businesses such as restaurants, cafes or food truck owners to describe “what cashless means for them, their employees and customers”. If…
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The Central Bank of Armenia has announced that they will be changing the denomination structure of their next 3rd Generation Banknote series, with the addition of a lower value banknote and removal of the highest value note. Citing an increased use in cashless payments within the country, the Central Bank has confirmed that the 100,000 dram…
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To celebrate the 50th anniversary of the Currency Interchangeability Agreement, Brunei Darussalam and Singapore have issued commemorative polymer banknotes. The Monetary Authorities of both Brunei Darussalam and Singapore have jointly issued a set of two $50 commemorative polymer banknotes at a ceremony held on 5 July 2017. The Currency Interchangeability Agreement was originally established in 1967 to…
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Clemens Berger has been appointed as the new Louisenthal Chairman of the Management Board. Berger takes over the position from Dr. Wolfram Seidemann, who has been the Louisenthal Chairman since 1 November 2016. Since joining in 2001, Berger has held several management positions at the substrate and foil manufacturing company. Since 2010, he has been responsible…
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The Central Bank of Syria has issued a new high denomination 2,000 pound banknote featuring President Bashar al-Assad, the first time he has appeared on Syrian currency since he assumed office in July 2000. The note is one of several printed years ago, reportedly by Goznak, but, says Central Bank Governor Duraid Durgham, it was delayed…
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The Louisenthal “Water” house note has won the Best Specimen Banknote award, presented by the International Association of Currency Affairs (IACA). The “Water” specimen house note includes the optically variable RollingStar® LEAD security foil shown on the left of the adjacent image, as well as the RollingStar® Registered security thread, seen in the right hand note. Louisenthal, a…
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Fifty years ago today, the world’s first cash machine was installed at a Barclays Bank branch in Enfield, London. The machine was invented by John Shepherd-Barron and his team at De La Rue Instruments Ltd. The new machine, or Automated Teller Machine (ATM), allowed customers to withdraw ten £1 banknotes using a special voucher that…
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CCL Secure has won the CFI.co 2017 ‘Most Innovative Banknote Technology Global’ award for its Guardian™ polymer banknote substrate. CFI.co will run a feature on the award and CCL Secure, formerly Innovia Security until their acquisition by CCL Industries last month, in an upcoming edition of its journal. The CFI.co Judges’ Report recognises that Guardian™ has 4%…
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The Central Bank of the Bahamas has chosen to use Landqart’s Durasafe® banknote substrate for the two highest value notes of its new “Crisp Evolution” banknote series. Landqart is expected to begin sending shipments in 2018 for the $50 and $100 banknote denominations. Durasafe® is a composite paper-polymer-paper substrate developed by Landqart in cooperation with the Swiss…
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The National Bank of Georgia has confirmed that it will release an upgraded 5 lari banknote into circulation on 1 September 2017. It will be the fourth of the Georgian banknote family to be upgraded, following the 20, 50 and 100 lari banknotes circulated in February and November last year. The new 5 lari banknote continues…
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