The Reserve Bank of Vanuatu has completed the issuance of its latest banknote series with the launch of the new polymer banknote VT 500. The new VT 500 banknote was launched on the 27 October 2017. According to a press release issued by the Central Bank, it took eight years to complete the launch of the new banknote series.…
The Central Bank of Venezuela has issued a new high value 100,000 bolivars banknote denomination, as part of efforts to ease the continuing cash crisis in the country. A press release from the Banco Central de Venezuela, the country’s Central Bank, issued yesterday confirmed that the new banknote denomination will enter circulation this week. The…
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,…
Following an announcement last year, the Bank of Russia has issued two new banknote denominations consisting of the 200 and 2000 rubles. An announcement was made on the Central Bank’s website on the 12 October 2017, confirming that the new banknote denominations had entered circulation. The new denominations join the currently circulating Russian banknote series consisting of…
The Bank of England has launched a new Banknote Checking Scheme to reduce the number of counterfeit banknotes being accepted by businesses. The Scheme, launched by the Bank of England on the 10 October, is aimed at cash-handling businesses and, it says, promotes the checking of banknotes at the point of sale (POS) through targeted training. By…
The Swiss National Bank has unveiled the design of the new 10-franc banknote from its latest Ninth Banknote Series, due to be issued on 18 October 2017. The 10-franc note is the third of six denominations from the new Ninth Banknote series, following the release of the 20-franc last May and the 50-franc in April 2016. The design of…
The new ten pound banknote from the Bank of Scotland has begun to circulate, printed on De La Rue’s Safeguard® polymer substrate. Like its predecessor, the new ten pound banknote features portraits of Scottish historical novelist, playwright and poet, Sir Walter Scott, as well as illustrations of the Bank of Scotland’s Head Office, The Mound, and Scotland’s…
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,…
CCL Secure and De La Rue have been awarded ten-year contracts by the Bank of England to supply polymer substrates for the new £20 banknotes. Under the terms of the contract, CCL Secure will supply the Bank of England with Guardian™ substrate for 75% of the first call-off volume, and De La Rue will supply its…
The Central Bank of the Dominican Republic has issued a commemorative $500 banknote, celebrating the 70th anniversary of the institution. Image courtesy of the Central Bank of the Dominican Republic The banknote uses the same design as the circulating version and includes many of the existing security features such as a latent image, watermark and microtext, but…