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Malawi to issue banknotes with blind recognition features

Banknotes, NewsBy SMI 04/07/2014

The Reserve Bank of Malawi (RBM) has advised that it will release new Malawi Kwacha banknotes which include features designed for people with visual impairments. The Bank advised they would start to issue the new banknotes from August this year. The change comes following requests from the Malawi Union of the Blind (MUB) and the Federation…

Russia to issue Crimea banknote

Banknotes, NewsBy SMI 03/07/2014

The Central Bank of Russia has announced that it plans to issue a banknote dedicated to Crimea by the end of 2014. This was announced during a banking conference held in St Petersburg on Wednesday 2 July 2014 “We plan to issue a banknote dedicated to Crimea, but it will be a banknote of the…

Singapore to stop issuing $10,000 banknote

Banknotes, Currency, NewsBy SMI 03/07/2014

It was announced yesterday by the Monetary Authority of Singapore (MAS) that they will stop issuing $10,000 banknotes (£4,694) from 1st October 2014 in a bid to increase anti-money laundering controls. The comments were made yesterday during a Keynote Address at the ABS Financial Crime Seminar by Mr Ong Chong Tee, Deputy Managing Director (Financial…

Kuwait issues sixth banknote series

Banknotes, NewsBy SMI 29/06/2014

The sixth issue of the new Kuwaiti currency has today been released into circulation. In a statement to the Kuwait News Agency (KUNA), the Central Bank of Kuwait had prepared for the release stating “All denominations of the new banknotes are to be available for the general public through all branches of banks operating in the State…

Goznak to become a joint-stock corporation

Banknotes, Coin, Currency, NewsBy SMI 06/06/2014

Goznak, Russia’s Federal State Unitary Enterprise and one of the world’s largest producers of coins, banknotes, postal stamps and awards, is to be transformed into an open joint-stock corporation following orders from President Vladimir Putin. Putin has ordered that this occur within the next 18 months. All shares in Goznak will remain with the Russian state.…

UK cash use declining but still the predominant choice

Banknotes, Cashless Payments, Currency, NewsBy SMI 02/06/2014

A report released today by the British Retail Consortium (BRC) shows that cash use in payment transactions is still the predominant payment choice but is one that is gradually declining. The BRCs Retail Payments Survey 2013 reports that cash has reduced in value, number of transactions and the average transaction value. When comparing to the 2012 figures, cash…

De La Rue plc reports 2014 results

Banknotes, Currency, NewsBy SMI 28/05/2014

This morning De La Rue plc (DLR) reported its full year results for the 2013/2014 period. The largest commercial producer of banknotes and security documents, which has a market capitalisation of around £880 million, has reported a 37% increase in pre-tax profits for the year to March 29 2014, showing continued recovery from the paper production…

First UK polymer banknote to be issued 2015

Banknotes, NewsBy SMI 23/05/2014

The first plastic polymer banknote to be issued in the United Kingdom will be circulated in 2015. Two million Scottish £5 banknotes will be issued by Clydesdale Bank branches (not the Bank of England, which will issue its own polymer £5 banknote design in 2016). The new Scottish note features the Forth Bridge on its…

Kuwait to issue 6th banknote series

Banknotes, NewsBy SMI 21/05/2014

On May 19th 2014 the Central Bank of Kuwait (CBK) unveiled the sixth banknote series of the Kuwaiti currency. The CBK has released a promotional video as part of its Sixth banknote issue educational campaign, which is narrated in Arabic: The new series will be issued into circulation from 29 June 2014. The banknote series feature…

Thailand issues new 500-baht banknote

Banknotes, NewsBy SMI 08/05/2014

The Bank of Thailand has issued a new 16th series 500-baht banknote which will be circulated from 12 May 2014. The design is similar to its previous version – purple is still the predominant colour and it is the same size, 72 x 156 mm. The note contains new security features to help people…