According to Egyptian newspaper Egypt Independent, the Central Bank of Egypt (CBE) is to start printing 500 million one pound banknotes with the aim of issuing them by the start of Ramadan (7 June 2016). According to prominent banking sources within the country, printing of the one pound banknote was stopped in favour of the equivalent one…
The thousand franc banknote (CHF1,000) from Switzerland is the most valuable in the world, worth around US $1,000. But its legitimate use, and other high value banknotes, has been questioned for some time due its link with financial crime and tax evasion. There have been several reports and statements made recently by those who believe such high…
The Reserve Bank of New Zealand has issued the $20, $50 and $100 banknote denominations into circulation. The denominations, which began circulating on the 16 May 2016, complete the country’s seventh series of New Zealand banknotes, called Brighter Money, following the release of the $5 and $10 banknote denominations last October. According to the Reserve Bank’s Head of…
Yesterday, Nanotech Security Corp. announced that it has completed rigorous supplier acceptance tests and has subsequently begun the production and delivery of their proprietary colour-shifting Optical Thin Film (OFT). The nanotechnology specialist is a producer of advanced security products and surveillance solutions, with features that produce intense, high definition optically variable images and colour-shift optical thin films.…
A commemorative $50 Guyana banknote was issued on the 11th May by the Bank of Guyana. The new denomination note has been issued to celebrate 50 years of independence. Guyana Banknote The Bank’s Governor, Dr. Gobind Ganga, said of the banknote’s release, “We are pleased to be marking Guyana’s 50 years of independence with a…
The Central Bank of Bolivia (BCB) has announced that it will introduce a new series of banknotes in 2018, including a new 500 boliviano denomination. According to the press release issued by the Central Bank on 5 May 2016, the tender for the printing of the new series will include the Bs. 10, Bs. 20, Bs. 50,…
Zimbabwe is suffering from a shortage of cash in the form of US dollars, the main accepted currency in the country since it abandoned its own in 2009 following sustained hyperinflation. A press release issued yesterday by the Governor of the Reserve Bank of Zimbabwe, DR. J.P. Mangudya, has highlighted the Zimbabwe cash shortage, and…
The European Central Bank (ECB) has confirmed that it will stop producing the euro 500 banknote denomination due to concerns it is helping to facilitate illegal activities. Today’s decision from the Governing Council of the European Central Bank followed a review of the denominational structure of the Europa series which, it says, “[took] into account concerns that this…
The Royal Bank of Scotland (RBS) has unveiled the designs of the new £5 and £10 polymer banknotes which are to begin circulating in 2016 and 2017 respectively. Banknote images courtesy of the Royal Bank of Scotland The notes are printed on De La Rue’s Safeguard® polymer substrate and includes their SPARK® Orbital™ optically variable…
The Banco Central del Uruguay (BCU) has issued a new 2000-pesos cotton paper banknote containing a variety of updated security features. The Series B banknote was issued on 27 April 2016 and will circulate alongside the current Series A denomination last issued on 1 October 2003. The note is the second of the new Series B…