From the 1st February 2015, the Central Bank of Cuba will issue new denomination banknotes, 200,500 and 1000 pesos, into circulation. The aim is for the new high denomination banknotes to ease economic transactions, as currently the highest denomination banknote is the 100 peso note. All three notes will have the same dimensions, 150 x…Details
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…Details
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…Details
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…Details
According to various news reports, the Central Bank of Cuba (Banco Nacional de Cuba) has announced that it will be introducing new security features to its banknotes as part of its monetary reform.
The denominations affected will be the 20, 50 and 100 pesos and will notably have an updated watermark image.
The Reserve Bank of New Zealand has unveiled designs for their next series of banknotes. Named “Brighter Money”, the new notes use bright colours in their designs and will also incorporate modern security features whilst continuing to use polymer substrates. The Bank states that the new banknote series will continue to use the same denominations,…Details
De La Rue has reported that it’s SafeGuard® polymer substrate has been selected by the Central Bank of The Gambia for its new 20 Dalasi banknote denomination. The new banknote is being issued into circulation to commemorate 20 years of governance by the President His Excellency Sheikh Professor Alhaji Dr. Yahya Abdul-Azziz Jemus Junkung Jammeh. De…Details
Banknote printer Crane Currency has entered a partnership with the Central Bank of Morocco, Bank Al-Maghrib, to print international banknotes. A statement detailing the partnership was issued on websites for both Crane and Bank Al-Maghrib dated November 12, 2014. The agreement is expected to be beneficial for both parties, by contributing “to the global expansion…Details
On the 3rd November 2014, the Central Bank of Mauritius announced that it is to embark on a “Clean Bank Note Programme” due to finding an increasing number of banknotes which have been defaced. “The Bank has noted, with concern, an increasing number of instances where banknotes are being defaced, either by writing, printing, drawing…Details
Yesterday’s announcement from De La Rue (DLR), a large commercial banknote printer and passport manufacturer based in the United Kingdom, has confirmed that they have signed a new 10 year contract with the Bank of England. The contract is to print sterling GBP banknotes at the Bank’s note printing facility in Debden, Essex, UK, and will…Details