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…
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…
Norges Bank, the Central Bank of Norway, has issued a press release confirming the motifs which are to be used for their new banknote designs. 8 participants selected from a competition held earlier this year produced designs, of which 2 banknote proposals were chosen: Ripple Effects by Enzo Finger, and Norwegian Living Space by The…
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…
Lithuania will begin using the euro from 1st January 2015. In preparation for the new currency, the Bank of Lithuania has signed an agreement with the German Central Bank – Bundesbank – regarding the acquisition of euro banknotes in all denominations. Chairman of the Board, Vitas Vasiliauskas, from the Bank of Lithuania stated: “We will…
According to an article published by the Jakarta Post, the Indonesia’s Central Bank – Bank Indonesia – plans to change the denomination structure of their banknotes by removing three zeros from the Indonesian currency. The plans for the Redenomination Bill are being discussed by the House of Representatives, the government and the Central Bank, with…
According to local news reports, the Central Bank of Cuba plans to issue new designs of the top three denomination banknotes – the 20, 50 and 100 peso notes. The new notes will incorporate additional security features to help reduce counterfeiting, notably an additional watermark, and will be dated 2014. All notes currently in circulation…
The Reserve Bank of India has issued a statement declaring that a new ₹1,000 denomination banknote will be released shortly. The statement, dated August 14th 2014, advised the new notes will incorporate the new Indian currency symbol (₹) with “R” inset letter in the Mahatma Gandhi Series-2005. The printing year ‘2014’ will be displayed on …
The European Central Bank (ECB) has released its half year statistics on counterfeit banknotes, showing a reduction compared to the second half of 2013. In total, 331,000 counterfeit euro banknotes were withdrawn from circulation during the first half of 2014. This equates to around 0.002% of banknotes in circulation today (16.4 billion notes as at June 30, 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…