Following the release of the $100 and $50 polymer banknotes, the Bank of Canada has recently issued the new $20 polymer banknote. This is the latest in the entire series due to be changed, with the new polymer $10 and $5 banknotes expected to be released by late 2013. Like the previous versions, the Bank…
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It has been advised that the Reserve Bank of India (RBI) plans to gradually replace all Rs10 banknotes with coins. The Rs10 coin was released into circulation in March 2009, alongside the RS10 banknote. It is reported that the current lifespan of an Rs10 banknote is only 9-10 months, which can be a challenge for…
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The Bank of Ghana (BoG) has informed the general public and all banks that as of September 30, 2012, the old GH¢50 banknotes are no longer legal tender and should therefore not be issued to members of the public. This follows the release of the new GH¢50 banknote in August this year which features a…
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The South Dakota School of Mines and Technology have developed a tiny version of the QR Code with the intention of them being applied to banknotes as a security feature. The QR Code is created by combining microscopic nanoparticles with blue and green fluorescent inks before applying them to the banknote surface using an aerosol…
DetailsOn the 24th August 2012, Talaris™ launched their new cash recycler, the Vertera 6G™. Cash recyclers enable bank and retail branches to manage their cash efficiently and securely, providing a fast yet reliable method of cash management within businesses such as bank and retail branches. Even with a small footprint, the Vertera 6G™ is able…
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On the 21st August 2012, the Bank of Ghana (BOG) issued the upgraded GH¢50 banknote. The upgraded version was designed to enhance the security and maintain the integrity of the banknote. According to the BOG’s Vice President, Mr. Kwesi Amissah-Arthur, though counterfeiting of the GH¢50 is not a high concern, the Bank aims to move…
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