From September 2015 the UK spending limit on contactless cards will increase from £20 to £30 per transaction. When the technology was first introduced the spending limit was £10, which increased to £20 following fast take-up of the payment method. The increase to £30 follows a serge in the use of contactless payments in the…
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According to a report by online news source the Pakistan Tribe, Pakistan’s currency in circulation increased from Rs 1,224 billion to Rs 2,500 billion between 2009 and 2014, an increase of 104%. The State Bank of Pakistan’s (SBP) Deputy Governor of Operations, Mr Kazi Abdul Maktadir, discussed Pakistan’s rising currency in circulation during the Conference…
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Germany’s Central Bank, The Deutsche Bundesbank, has released their 2014 counterfeit banknote statistics which shows a large increase in comparison with 2013. The number of counterfeit banknotes removed from circulation during 2014 by banks, retailers and police authorities totaled 63,000 notes, with a nominal value of €3.3 million, a 63% rise compared to 2013. Though…
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The European Central Bank (ECB) has released its banknote counterfeit figures for the second half of 2014, showing an increase in the number of fake banknotes withdrawn from circulation. 507 thousand counterfeit banknotes were removed, an increase of 53% compared to the first half of 2014 and an increase of 44% compared to the same…
DetailsFrom the 1st February 2015, the Central Bank of Cuba will issue new denomination banknotes, 200,500 and 1000 pesos, into circulation. The aim is for the new high denomination banknotes to ease economic transactions, as currently the highest denomination banknote is the 100 peso note. All three notes will have the same dimensions, 150 x…
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The new year brings a new currency for Lithuanians, as, on the 1st January 2015, Lithuania became the 19th member of the euro currency area, replacing the previous Lithuanian litas currency to the Euro at an exchange rate of €1= LTL 3.45280. Lithuanians have 2 weeks to continue paying for items using Lithuanian litas, but…
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