Fortress Papers Ltd announced yesterday that Durasafe®, produced by its Landqart Mill, has been confirmed as the substrate for the next series of Swiss Franc banknotes. Security paper manufacturer Lanqart AG developed Durasafe® in co-operation with Swiss Federal Institute of Technology in Zurich. It has a central polymer layer with two outer cotton paper layers.…
The Central Bank of Iceland has revealed that it is considering replacing the 500 kroner banknote with a coin and discontinuing the 1, 5 and 10 kroner coins, the three lowest value coins in its series. The Bank’s annual report published last week explained that due to the fact that inflation has remained at a…
The Banque du Liban has launched a new commemorative polymer banknote produced on De La Rue’s Safeguard™ polymer substrate. The 50,000 LBP note has been issued to celebrate the 50th anniversary of the founding of the Banque du Liban. The note includes a clear window which incorporates De La Rue’s SPARK® Orbital™ feature in the…
In preparation for Songkran, the Bank of Thailand announces it has increased cash reserves to Bt470 billion (US$ 14.5 billion) to meet banknote demand. Songkran is a festival celebrating the traditional Thai New Year which is held in April. The Bank of Thailand anticipates that the demand for banknotes will increase during the festival. Dr…
Argentina has launched a new 50-peso banknote featuring a map of the Falkland Islands to commemorate the 32nd anniversary of the invasion of the islands. The note was presented by the Argentinian president Cristina Kirchner in Buenos Aires. The value of the new note is around £4 (US $7). The front of the note displays…
Glory Global Solutions, based in Hampshire UK, has extended their UW range of banknote sorters to include the 12-pocket UW-700 and the 16-pocket UW-800 models. Previously, the model range only extended to 8 pockets. The additional pockets will enable users to configure more complex configurations for sorting banknotes, enabling more functions to be delivered in…
The Reserve Bank of Australia (RBA) has issued its first quarterly bulletin this month, which includes an article detailing the Next Generation Banknote Project. Australia, which issued its first polymer banknotes in 1992, announced in 2012 that they were to begin planning a new banknote series in order to deter counterfeits in circulation “consistent with…
Cabot Corporation has entered into an agreement with SICPA to sell its Security Materials business for approximately US $20 million in cash consideration. Cabot, headquartered in Boston, is a global speciality chemicals and performance materials company. Cabot’s Security Materials, based in Albuquerque, USA, produces anti-counterfeit covert taggant applications. SICPA, headquartered in Lausanne, Switzerland, is a…
Giesecke and Devrient (G&D) have won the 2014 IF Product Design Award, with their BPS X9 single note inspection system being selected as the winning product. The BPS X9 inspects banknote printing quality on a note-by-note basis, ensuring each printed note that is produced meets quality standards before it is released into the cash cycle.…
On Friday 14 March David Beeby, CEO of Innovia Group, confirmed that Innovia Security will be providing polymer substrates to the Bank of England (BoE) for the new £5 and £10 banknotes. A statement by Mr Beeby was posted on the Innovia Films website : “We are delighted that the contract with the Bank of…