According to local reports, the Bank of South Sudan will soon be issuing a new high value 500-pound banknote, as a result of soaring inflation in the country. The 500-pound South Sudan banknote will be the highest denomination in the current note series, officially valued at around US $3.84 at today’s date. Whilst one US dollar is…
The Reserve Bank of India intends to explore the feasibility of developing a feature to assist those with visual impairments to identify Indian banknotes. The Reserve Bank announced its intention to focus on features for the visually impaired in its June 2018 Statement on Developmental and Regulation Policies. Highlighting the advancement in technology in such…
The Central Bank of Sudan has issued a new 50-pound circulating banknote in response to a rise in counterfeit currency in the country. Inflation in Sudan has been growing, and was recorded at 57.7% in April this year. The spread of counterfeit banknotes has been cited as the cause in an increase in liquidity, pushing up prices for…
De La Rue has confirmed that the recently issued Botswana 10-pula banknote is the first circulating note to include its Gemini™ Microtext security feature. The Gemini™ Microtext security feature from De La Rue is an evolution of its Gemini™ ultraviolet (UV) security feature, which consists of a combination of two colour matched inks that fluoresce under UV illumination…
Northern Ireland’s Ulster Bank has unveiled the new £5 and £10 polymer banknotes due to be issued next year, featuring a vertical design. It is the first time that a banknote has been designed vertically in Britain and Ireland. Indeed, only a handful of notes around the world are designed this way including Switzerland, Bermuda and…
The Central Bank of Azerbaijan has announced that it will soon be circulating a new high value 200 manat denomination banknote, following the country’s economic growth. Azerbaijan’s current high value circulating banknote is the 100 manat note, valued at around US $59. However, following a decade of growth, the Central Bank decided that its current currency structure needed to…
The Bank of Russia has issued a commemorative 100-ruble polymer banknote to mark the 2018 FIFA World Cup which is to be hosted by Russia. The vertically orientated design of the FIFA banknote features illustrations of footballs including a goalkeeper in action and small child holding a football. The predominant colours used in the design are…
The International Currency Association (ICA) has appointed Wolfram Seidemann of Giesecke&Devrient Currency Technology as its new Chairman. The previous Chairman, Barna Barabas of JURA, stepped down from the position but remains a Board member. The ICA, founded in 2016, states it is “a voice for cash, promoting its continuing role as part of diverse, open and…
Sweden’s Sveriges Riksbank has stated that it will find a replacement banknote supplier following Crane’s announcement that it is relocating to Malta. The announcement from the Central Bank came following news published last week that Crane Currency will be relocating its banknote printing facilities from Tumba in Sweden to Malta. The Bank responded to Crane’s relocation news on Friday…
The Central Bank of Macedonia has begun circulating polymer versions of its lowest two banknote denominations, the 10 and 50 denar notes. Macedonia’s two lowest value banknote denominations have been upgraded from traditional cotton paper substrate to polymer. The Central Bank’s aim is to reduce long-term banknote production and processing costs through increased banknote durability. The new polymer…