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…
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De La Rue has announced that it has agreed to a new strategic partnership with OPTEL to produce anti-counterfeit solutions for the brand protection industry. OPTEL is a “leading provider of end-to-end traceability systems”, providing anti-counterfeit solutions particularly for the pharmaceuticals market. In a press release, De La Rue says that this move will “leverage…
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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…
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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…
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Crane Currency has announced that it will close its printing plant in Tumba, Sweden, moving its banknote printing operations to its newly opened facility in Malta. The paper mill, design team and related departments will continue to operate from the Tumba facility. The Swedish banknote printing plant has been operating since 1755 when it was run by the…
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The National Bank of the Kyrgyz Republic is continuing to celebrate 25 years of the country’s national currency with the introduction of two new coins. The coins were issued by the Central Bank yesterday on the country’s National Currency Day to celebrate 25 years of independence and the 25th anniversary of the introduction of the national currency. The…
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