Luminescence, a manufacturer of security inks used in banknotes and other high security documents, has been acquired by Sun Chemical and its parent company DIC Corporation. UK based Luminescence has been a supplier of security inks for thirty one years, providing inks used for currency tax stamps, passports, ID cards, secure documents and brand protection.…
The 2018 Central Banking Awards have been presented to companies and organisations within the industry, honouring excellence within the community. The awards recognise excellence in the Central Banking community, and 2018 sees the fifth year of presentations. Judges sitting on the Awards panel are made up of the Central Banking Editorial Team and Editorial Advisory Board, all…
It has emerged that the new 200-ruble banknote has been banned in Ukraine, as the design of the Russian note includes an image of the peninsula of Crimea which the Kremlin annexed in 2014. In a press release issued on the 13 October, the National Bank of Ukraine said that the ban includes all Russian currencies showing “maps, symbols,…
At this week’s Future of Cash Conference, the Bank of England’s Chief Cashier Victoria Cleland gave a speech regarding the future of cash and the factors affecting banknote demand. Victoria Cleland gave the speech yesterday at the conference, being held in Vienna. Cleland recognises that there are many alternatives to cash that are increasingly being used by people. However,…
The number of counterfeit euro banknotes recorded during the first half of 2017 has decreased compared with the previous six months, but remains on par with the first half of 2016. The European Central Bank has released its latest figures revealing the number of counterfeit euro banknotes identified during the first half of 2017. A total of…
Clemens Berger has been appointed as the new Louisenthal Chairman of the Management Board. Berger takes over the position from Dr. Wolfram Seidemann, who has been the Louisenthal Chairman since 1 November 2016. Since joining in 2001, Berger has held several management positions at the substrate and foil manufacturing company. Since 2010, he has been responsible…
The International Currency Association (ICA) has unveiled a new online platform: Cash Matters. The global pro-cash movement provides facts and figures associated with the cash industry via their website. The organisation will also be active on social media to provide information regarding payments to the general public. According to their website, their aim is to: “…channel the voices that…
India’s citizens are now able to make unrestricted cash withdrawals, ending the period of cash rationing imposed on the country by Prime Minister Modi. From Monday 13 March 2017, all cash withdrawal limits from Savings Bank accounts were withdrawn, allowing the citizens of India to withdraw cash freely. The country has been through a period of demonetisation whereby the ₹500…
Venezuelans have just three days to exchange their high value 100 bolivar banknotes, following an announcement by President Nicolas Maduro. The central bank of Venezuela is about to release their new banknote series which will consist of increased value denominations – the 500, 1000, 2000, 5000, 10000, and 20000 bolivar banknotes and three new coins of 10,…
Dutch security printers Royal Joh. Enschedé have issued a press release advising that, following a change to their strategy, they will soon stop producing banknotes due to over capacity in the banknote market. Instead, the company will focus on being a High Security Printer in the international market for Stamps, Visas and Tax Labels, as well as brand…