The State Bank of Pakistan (SBP), the country’s Central Bank, has issued a new 5-rupee coin. The new coin has a different metal composition than its predecessor, consisting of 79% copper, 20% zinc and 1% nickel. The coin is also different in size, now measuring 18.5mm. The existing 5-rupee coin will continue to be legal…
The East Caribbean Central Bank (ECCB) has announced that it will be issuing a circulating commemorative coin painted with different colours. The press release from the Central Bank has confirmed that the new coin will be issued this month, October 2015, to commemorate the 50th Anniversary of Eastern Caribbean Currency Authority (ECCA) banknotes and the…
De La Rue plc. announced yesterday that it had joined forces with Japanese printing company Dai Nippon Printing Co., Ltd (DNP) to collaboratively develop anti-counterfeit technologies for secure identity documents. The announcement said that the agreement was signed earlier this month and that the partnership will: “centre on the development and delivery of sophisticated new…
The Royal Mint has today revealed the design of the new one pound coin, which has the same shape as the old 12-sided threepence piece (3d) last used in 1971. The reverse (“tails”) side of the coin has been designed by 15 year old David Pearce from Walsall, who took part in a competition launched…
On Monday 16 February 2015 the Riksbank, the Central Bank of Sweden, introduced its new series of banknotes and coins. It is the first series to be launched in 30 years, and the new designs include a new denomination 200 krona banknote and 2 krona coin – the 2 krona coin was last issued in…
Germany’s Central Bank, The Deutsche Bundesbank, has released their 2014 counterfeit banknote statistics which shows a large increase in comparison with 2013. The number of counterfeit banknotes removed from circulation during 2014 by banks, retailers and police authorities totaled 63,000 notes, with a nominal value of €3.3 million, a 63% rise compared to 2013. Though…
The new year brings a new currency for Lithuanians, as, on the 1st January 2015, Lithuania became the 19th member of the euro currency area, replacing the previous Lithuanian litas currency to the Euro at an exchange rate of €1= LTL 3.45280. Lithuanians have 2 weeks to continue paying for items using Lithuanian litas, but…
A report by The Moscow Times, states that Russia’s Central Bank is to release a 100-ruble banknote commemorating the annexation of Crimea from Ukraine. The banknote is currently being designed and the artwork is yet to be made public. This follows the release of two 10-ruble coins which feature Crimean landmarks – one a Crimean castle and…
According to an article by the Rwandan news agency The New Times, Rwandans have been advised to use less cash in their daily transactions to help minimise banknote wear and tear. John Rwangombwa, Governor of the National Bank of Rwanda, is promoting the use of cashless payment methods, such as electronic cards, and mobile phone…
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…