EBT: The Next Generation
Dates: 4 – 7 November, 2012 Organiser: ATMIA City: Albuquerque, NM Hotel: TBA
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.
Ghana Withdraws Old 50 Cedi banknote
The Bank of Ghana (BoG) has informed the general public and all banks that as of September 30, 2012, the old GH¢50 banknotes are no longer legal tender and should therefore not be issued to members of the public. This follows the release of the new GH¢50 banknote in August this year which features a…
Further progress in banknote QR Code technology
The South Dakota School of Mines and Technology have developed a tiny version of the QR Code with the intention of them being applied to banknotes as a security feature. The QR Code is created by combining microscopic nanoparticles with blue and green fluorescent inks before applying them to the banknote surface using an aerosol…
ATM Security 2012
Dates: 2 – 3 October, 2012 Organiser: ATMIA City: London Hotel: Victoria Park Plaza
New Teller Cash Recycler: Talaris Vertera 6G™
On the 24th August 2012, Talaris™ launched their new cash recycler, the Vertera 6G™. Cash recyclers enable bank and retail branches to manage their cash efficiently and securely, providing a fast yet reliable method of cash management within businesses such as bank and retail branches. Even with a small footprint, the Vertera 6G™ is able…
Upgraded 50 Cedi Banknote Released by Bank of Ghana
On the 21st August 2012, the Bank of Ghana (BOG) issued the upgraded GH¢50 banknote. The upgraded version was designed to enhance the security and maintain the integrity of the banknote. According to the BOG’s Vice President, Mr. Kwesi Amissah-Arthur, though counterfeiting of the GH¢50 is not a high concern, the Bank aims to move…
Decline in ECB Euro Counterfeit Statistics
The counterfeit statistics for the first half of 2012 have now been released by the European Central Bank (ECB). The total number of counterfeit euro banknotes which were removed from circulation during the 6 months from January to June 2012 totalled 251,000, a decrease of 15.2% compared to the same period in 2011. However, when comparing the number of…
Why is a US$ banknote called a ‘Greenback’?
Until 1857 all US $ bills were printed using ‘carbon black’ based ink on both the front and reverse of the note. The colour green used on US currency was invented in 1857 by a Canadian chemist named Thomas Sterry Hunt. Like other chemists of his day, he used natural pigments and laboratory chemicals to…
New Malawi Banknotes Cause Problems For Visually Impaired
Following the recent release of the new Malawi series of banknotes and coins, the Malawi Union of the Blind (MUB) have made a complaint to the Reserve Bank of Malawi (RBM) stating that “the visually impaired community are finding it difficult to differentiate between the banknotes”. The banknotes do not have features which are easily recognisable to visually…
De La Rue plc reports full year results
This morning De La Rue plc reported its full year results for 2011/2012. The largest commercial producer of banknotes and security documents is seemingly recovering from the paper production issues that affected banknote paper supply to one of its key clients, the Reserve Bank of India. The compliance scandal of summer 2010 cost the company…