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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.

Bahamas chooses Durasafe® for high value banknotes

Banknotes, News, TechnologyBy SMI 12/06/2017

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…

Georgia to upgrade 5 lari banknote in September

Banknotes, NewsBy SMI 09/06/2017

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…

Canada issues commemorative $10 banknote

Banknotes, NewsBy SMI 02/06/2017

This summer, Canada will celebrate its 150th anniversary of Confederation. To mark the event, the Bank of Canada has issued a new commemorative $10 banknote. The note includes four portraits of notable Canadian parliamentarians chosen for their significant roles in shaping the country, namely Sir John A. Macdonald, Sir George-Étienne Cartier, Agnes Macphail and James…

New banknote family sets sail in Norway

Banknotes, NewsBy SMI 30/05/2017

Norges Bank has issued the first two denominations from Norway’s new maritime themed banknote family, the 100- and 200-krone. From today, the new 100- and 200-krone banknotes become available to the public via bank branches and retailers. Their theme, as with all the new denominations, is based on “The Sea”. Each banknote includes a variety of…

Bank of Scotland reveals polymer £10 banknote design

Banknotes, NewsBy SMI 30/05/2017

The Bank of Scotland has revealed the design of its new £10 banknote due to be circulated later this year. The new banknote replaces its paper predecessor last issued in 2007, but retains some of its features. A portrait of Scottish novelist and poet, Sir Walter Scott, continues to be displayed on the front of the note alongside…

New high value banknote joins the next series from Madagascar

Banknotes, NewsBy SMI 25/05/2017

A new high value Ariary 20,000 banknote will join the next banknote series to be issued by the Central Bank of Madagascar, expected later this year. A communication was issued by the Central Bank confirming that a new banknote family will be issued this year consisting of the current Ariary 100, 200, 500, 1,000, 2,000,…

Discover the new 20-franc via Swiss Banknotes app

Banknotes, News, TechnologyBy SMI 17/05/2017

The Swiss National Bank (SNB) has updated its Swiss Banknotes smartphone app with information regarding the new 20-franc banknote, issued into circulation today. The Swiss Banknotes app was first issued last year when the 50-franc – the first of the latest ninth Swiss banknote series – was issued into circulation. The free mobile app, compatible with Apple iOS and…

Cash Matters – Launched by the ICA

Currency, NewsBy SMI 16/05/2017

The International Currency Association (ICA) has unveiled a new online platform: Cash Matters. The global pro-cash movement provides facts and figures associated with the cash industry via their website. The organisation will also be active on social media to provide information regarding payments to the general public. According to their website, their aim is to: “…channel the voices that…

Innovia Security now operating as CCL Secure

News, TechnologyBy SMI 15/05/2017

From today, Innovia Security, the manufacturer of Guardian™ polymer banknote substrate, will operate under the new name of CCL Secure. This follows an announcement made last December advising that The Smithfield Group, the managing shareholder of Innovia Group, had accepted an offer from Canada’s CCL Industries Inc. to acquire the company for CAD $1.3 billion (US $952.7m). Speaking…

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…