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Image of Bank of England Chief Cashier Victoria Cleland holding a sheet of ten pound banknotes.

Bank of England unveils the new ten pound banknote

Banknotes, NewsBy SMI 18/07/2017

The Bank of England has unveiled the design of the new ten pound polymer banknote due to begin circulating on the 14 September 2017. The new polymer banknote is the second of the new series of banknotes to be issued by the Bank of England, following the release of the New Fiver last September. Celebrating the works…

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Thumbnail image of the new Madagascar banknote family

Madagascar begins circulating new banknote series

Banknotes, NewsBy SMI 17/07/2017

A new family of banknotes has today begun to circulate, issued by the Central Bank of Madagascar with the addition of a new high value denomination. Today, Madagascar banknote denominations of 2,000, 5,000, 10,000 and a brand new high value denomination of 20,000 Ariary (US $6.80) have been issued into circulation. The remaining 100, 200, 500 and…

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Image of a smartphone being used to make a mobile cashless contactless payment.

Visa Inc. wages war on cash payments

Cashless Payments, NewsBy SMI 17/07/2017

Visa Inc. has announced a new initiative called The Visa Cashless Challenge, encouraging US small businesses to stop using cash by offering thousands of dollars in reward. The Visa Cashless Challenge invites small US-based food service businesses such as restaurants, cafes or food truck owners to describe “what cashless means for them, their employees and customers”. If…

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Thumbnail image of the Armenia one hundred thousand banknote issued in 2009.

Armenia changes denominations of new 3rd Generation Banknote series

Banknotes, NewsBy SMI 14/07/2017

The Central Bank of Armenia has announced that they will be changing the denomination structure of their next 3rd Generation Banknote series, with the addition of a lower value banknote and removal of the highest value note. Citing an increased use in cashless payments within the country, the Central Bank has confirmed that the 100,000 dram…

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Thumbnail of Singapore $50 commemorative banknotes 2017

Brunei & Singapore commemorative banknotes

Banknotes, NewsBy SMI 10/07/2017

To celebrate the 50th anniversary of the Currency Interchangeability Agreement, Brunei Darussalam and Singapore have issued commemorative polymer banknotes. The Monetary Authorities of both Brunei Darussalam and Singapore have jointly issued a set of two $50 commemorative polymer banknotes at a ceremony held on 5 July 2017. The Currency Interchangeability Agreement was originally established in 1967 to…

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Image of a box full of Swiss 20-franc banknote from Louisenthal. Image courtesy of the SNB.

Louisenthal appoints new Chairman of Management Board

Currency, NewsBy SMI 06/07/2017

Clemens Berger has been appointed as the new Louisenthal Chairman of the Management Board. Berger takes over the position from Dr. Wolfram Seidemann, who has been the Louisenthal Chairman since 1 November 2016. Since joining in 2001, Berger has held several management positions at the substrate and foil manufacturing company. Since 2010, he has been responsible…

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