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India updates notes for visually impaired

Banknotes, NewsBy SMI 25/09/2015

The Reserve Bank of India has issued a press release advising of new ₹500 and ₹1000 banknotes incorporating additional features for the visually impaired which it will shortly be putting into circulation. The Bank had recently released the same denominational notes with numerals in ascending size, but without bleed lines or enlarged identification marks, which…

Banknote demand grows in the UK

Banknotes, NewsBy SMI 15/09/2015

The Bank of England has announced that banknote demand for its notes is increasing. In an article released today, the Bank of England confirms that banknote demand is growing faster than nominal GDP. Banknotes with an estimated value of £62.6billion are thought to be in circulation, resulting in the equivalent of £1,000 in banknotes in…

Scotland to use De La Rue Safeguard® polymer

Banknotes, NewsBy SMI 08/09/2015

The Royal Bank of Scotland (RBS) has chosen to use De La Rue’s Safeguard® polymer substrate for its new £5 and £10 banknote designs. RBS, which is the second largest issuer of banknotes in Scotland by volume, announced that the new designs for each note will be revealed within the coming months and intends to…

Bank of England £20 will be polymer

Banknotes, NewsBy SMI 02/09/2015

The Bank of England has today announced that the next design of the £20 banknote will be printed on a polymer substrate instead of traditional paper. The announcement was made by Victoria Cleland, the Bank of England’s Chief Cashier, at the Follow the Cash 2015 Conference hosted by the University of the West of England…

Thailand issues 1000-baht banknote

Banknotes, NewsBy SMI 21/08/2015

The Bank of Thailand has issued a new 1000-baht banknote. The new note entered circulation today following an unveiling of the note by the Bank’s Governor, Mr.Prasarn Trairatvorakul, last Monday. The paper banknote contains updated security features to aid both machine and human authentication, including those with visual impairments. The updated features include: A watermark…

China to issue new 100 yuan banknote

Banknotes, NewsBy SMI 04/08/2015

According to local news agencies, China will soon be releasing a new 100 yuan banknote. The People’s Bank of China, China’s Central Bank, is reportedly planning to release the new banknote in November this year. The new note will contain improved security features to help combat counterfeit banknotes circulating within the country, which has seen…

Maldives issue new Safeguard® polymer banknote

Banknotes, NewsBy SMI 29/07/2015

The Maldives Monetary Authority (MMA), the country’s Central Bank, has issued a new commemorative banknote printed on De La Rue’s Safeguard® polymer substrate. The 5,000 Rufiyaa note, which is a new high value denomination, was issued on Monday the 27th July 2015. It is issued to mark the 50th Anniversary of independence of Maldives. The…

ECB releases euro counterfeit banknote info

Banknotes, NewsBy SMI 18/07/2015

The European Central Bank (ECB) has issued its latest information regarding counterfeit euro banknotes identified during the first half of 2015. The reported figures show a decrease in the number of counterfeit banknotes withdrawn from circulation during the first half of 2015 compared to the last half of 2014. In total, 454,000 banknotes were withdrawn…

Syria issues new 1,000-pound banknote

Banknotes, NewsBy SMI 03/07/2015

The Central Bank of Syria has reportedly issued a new 1,000-pound banknote into circulation. The note, which is the highest value Syrian banknote denomination and worth around US$5, has been issued to help improve the paper currency currently in circulation, according to state news agency SANA which quoted Governor Adib Mayaleh. The Central Bank advises…

Bolivia upgrades 50 boliviano banknote

Banknotes, NewsBy SMI 03/07/2015

The 50 boliviano banknote has been upgraded by the Banco Central de Bolivia, the country’s central bank. The latest upgrade of the boliviano banknote is part of the new “J” series of banknotes from Bolivia. The 50 boliviano banknote was first issued in 1987 and was last upgraded in 2005. The upgraded paper banknote includes a 3mm wide…