The first fully polymer banknote to be circulated in Great Britain has been launched this week by Clydesdale Bank. The new plastic £5 banknote is available from Clydesdale Bank branches from today, a year before the Bank of England plans to issue its own polymer banknotes. The limited edition banknote is being launched to coincide…Details
The Royal Mint has today revealed the design of the new one pound coin, which has the same shape as the old 12-sided threepence piece (3d) last used in 1971. The reverse (“tails”) side of the coin has been designed by 15 year old David Pearce from Walsall, who took part in a competition launched…Details
Mobile phone operator T-Mobile has begun accepting Bitcoin payments for pay-as-you-go phone top-ups in Poland. T-Mobile, one of Poland’s leading mobile phone operators, has begun a 3 month trial offering the virtual currency Bitcoin as an alternate payment option in partnership with Polish payments processor InPay. To help launch this new payment option, T-Mobile is…Details
The Bank of Thailand has launched a new 100-Baht banknote. The new banknote is part of the 16th series of banknotes issued by Thailand’s Central Bank, and entered circulation on the 26 February 2015. According to the Bank’s press release, the new banknote continues to use the same colour and dimensions as its predecessor, but…Details
The European Central Bank has unveiled the new €20 banknote, the latest in the Europa series. The new note, which is the third to be released of the second series of euro banknotes, is to enter circulation on 25 November 2015. It has a number of new security features including an eye catching portrait window…Details
Have you ever wondered about that banknote in your wallet?
Where was it made? How old is it? How many times has it been used in transactions? What will happen to it in future?
To find out, watch this interesting film made by the European Central Bank about the life cycle of a euro banknote.Details
On Monday 16 February 2015 the Riksbank, the Central Bank of Sweden, introduced its new series of banknotes and coins. It is the first series to be launched in 30 years, and the new designs include a new denomination 200 krona banknote and 2 krona coin – the 2 krona coin was last issued in…Details
A press release from the Reserve Bank of Australia (RBA) on 13 February 2015 advises that the next generation of Australian banknotes will include a tactile feature aimed at people with vision impairments to enable them to distinguish between banknote denominations more easily. The current series of polymer banknotes uses bright colours, large and bold…Details
From September 2015 the UK spending limit on contactless cards will increase from £20 to £30 per transaction. When the technology was first introduced the spending limit was £10, which increased to £20 following fast take-up of the payment method. The increase to £30 follows a serge in the use of contactless payments in the…Details
According to a report by online news source the Pakistan Tribe, Pakistan’s currency in circulation increased from Rs 1,224 billion to Rs 2,500 billion between 2009 and 2014, an increase of 104%. The State Bank of Pakistan’s (SBP) Deputy Governor of Operations, Mr Kazi Abdul Maktadir, discussed Pakistan’s rising currency in circulation during the Conference…Details