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New Malawi Kwacha Currency Series Issued

Banknotes, Currency, NewsBy SMI 23/05/2012

Today, the 23rd May 2012, the Reserve Bank of Malawi has released a new series of banknotes and coins. Six banknote denominations have been issued consisting of the K1000, K500, K200, K100, K50 and the K20. There are also three coin denominations of K10, K5 and K1. The long-term objectives outlined in the Malawi Growth…

Eesti Pank begins euro banknote production

Banknotes, NewsBy SMI 09/05/2012

Estonia adopted the euro on 1 January 2011, replacing the kroon as the country’s official currency. Eesti Pank, the Central Bank of Estonia, will begin producing euro banknotes for the first time this year. Eesti Pank, alongside other euro countries, must provide euro banknotes each year via a joint procurement with other euro countries. This…

Use of QR codes in banknotes

Banknotes, News, TechnologyBy SMI 30/04/2012

QR codes, or Quick Response codes, are becoming more and more common and are often seen in advertising and marketing media. A QR code is a two dimensional barcode which requires a QR reading device such as a smartphone to link directly to the information stored within the code, which can be websites, emails, texts…

Circulation of £5 notes improving

Banknotes, Currency, NewsBy SMI 27/04/2012

A 5-year long concerted effort of the Bank of England with participation of major UK banks and building societies to improve deteriorating quality and volumes of circulating £5 notes is evidently paying off. In yesterday’s press release the Bank of England announced success in its initiative to increase the availability of good quality £5 notes.…

Talaris is acquired by Glory Corporation

Banknotes, News, TechnologyBy SMI 18/03/2012

Cash handling equipment and software provider Talaris, which employs 1900 people, has been acquired by Glory Corporation for £650 million. Talaris was previously De La Rue Cash Systems, but was sold for £360m in 2008 to private equity group Carlyle Europe Partners. In less than 4 years their investment nearly doubled. Since the departure from De La Rue, Talaris’…

Tanzania moves cash note-coin boundary

Banknotes, Currency, NewsBy SMI 03/03/2012

Following complaints about the state of their lowest denomination note, the 500 Shilling, the Bank of Tanzania have announced plans to move the note-coin boundary by converting this note into a coin. The green 500 shilling note is remaining in circulation for much longer than originally expected and with it not returning for fitness sorting, the notes are becoming damaged and soiled. The latest series…

SMI comments on NOtES

Banknotes, News, TechnologyBy SMI 15/02/2012

One of SMI’s Directors, Martin Arkwright, has featured on Financial Post Entrepreneur commenting on the new NOtES technology which was presented in a keynote speech at an industry conference in San Fransisco. NOtES – Nano-Optic Technology for Enhanced Security – uses nano-optic technology such as that found on butterflies, scaled up to could create a next-generation, high-definition hologram. Martin…