It has today been announced that the Bank of England (BoE) has selected De La Rue as the preferred bidder in the tender for its banknote printing contract starting in April 2015. The BoE advised that De La Rue had been awarded the contract “as a result of scoring highest in the Bank’s evaluation process for…
It was announced on Monday 1st September that the Magyar Nemzeti Bank (National Bank of Hungary) intends to issue new designs of banknotes into circulation by 2018. The 10,000 forint banknote is the first note to be re-designed and was released into circulation today. The old 10,000 forint note will continue to circulate for the…
According to local news reports, the Bulgarian National Bank will replace the 2 leva banknote with a 2 leva coin in 2015. The coin will be bi-metal – 2 metals of different colours (similar to the 1 lev coin) but with a yellow/gold centre and white/silver ring. The 2 leva coin will be slightly larger…
According to an article published by the Jakarta Post, the Indonesia’s Central Bank – Bank Indonesia – plans to change the denomination structure of their banknotes by removing three zeros from the Indonesian currency. The plans for the Redenomination Bill are being discussed by the House of Representatives, the government and the Central Bank, with…
According to local news reports, the Central Bank of Cuba plans to issue new designs of the top three denomination banknotes – the 20, 50 and 100 peso notes. The new notes will incorporate additional security features to help reduce counterfeiting, notably an additional watermark, and will be dated 2014. All notes currently in circulation…
The Reserve Bank of India has issued a statement declaring that a new ₹1,000 denomination banknote will be released shortly. The statement, dated August 14th 2014, advised the new notes will incorporate the new Indian currency symbol (₹) with “R” inset letter in the Mahatma Gandhi Series-2005. The printing year ‘2014’ will be displayed on …
A press release from Bank Indonesia details the release of a new 100,000 rupiah banknote issued into circulation. The release, dated 14th August 2014, announced that the new note will be circulated from 17th August 2014. There are no major changes with the design compared to the previous version, but it now includes the phrase…
The Central Bank of Iraq has released a statement confirming the release of a new 10,000 Dinar banknote, dated 7th August 2014. The banknote will include new security features in addition to the ones incorporated in the previous banknote design. The Central Bank advises that this will also occur to other banknotes within its series…
The European Central Bank (ECB) has released its half year statistics on counterfeit banknotes, showing a reduction compared to the second half of 2013. In total, 331,000 counterfeit euro banknotes were withdrawn from circulation during the first half of 2014. This equates to around 0.002% of banknotes in circulation today (16.4 billion notes as at June 30, 2014).…
The Reserve Bank of New Zealand has advised it will introduce new banknotes next year which will be modernised with advanced security features. The banknotes will continue to have a polymer substrate, will remain the same size and will continue to use the same denominations. The changes will be seen in the banknote designs, but they will still use…