South Korea trials coinless society

In a move towards a cashless society, South Korea has begun a trial whereby cash paying shoppers can receive their transactional change in the form of a credit deposited onto pre-paid payment cards, instead of coins. The trial begins today following an announcement by the Bank of Korea last year detailing efforts to reduce the volume of circulating coins within the country. Customers…

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Image of the front of the Manx five pound coin.

Isle of Man coins begin circulating today

The Isle of Man Treasury has announced the launch of the latest set of Manx circulating coins, including a five pound coin. The new coins will begin circulating from today, Monday 10 April 2017, on the Isle of Man, a self-governing Crown dependency situated between England and Northern Ireland with a population of around 86,000 people. The…

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Thumbnail image of Canadian 10 dollar commemorative banknote.

Canada unveils commemorative $10 banknote

The Bank of Canada (BOC) has unveiled a commemorative ten dollar banknote celebrating the 150th anniversary of Confederation. The new $10 banknote was unveiled on Friday 7th April by the Bank’s Governor Stephen S. Poloz and Parliamentary Secretary to the Minister of Finance Ginette Petitpas Taylor at a ceremony at the Bank’s head office in Ottawa.…

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Europa_50_banknote

The new euro €50 enters circulation today

The fourth banknote of the Europa series, the euro €50, enters circulation today containing a variety of new, modern security features to help combat the threat of banknote counterfeiting. The new euro €50 banknote denomination includes KURZ’s KINEGRAM ReView® holographic foil stripe including a portrait window. The window displays a portrait of Greek mythology figure Europa, visible on…

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Image of front and reverse of new one pound coin.

UK’s 12-sided pound coin is launched today

The new 12-sided £1 coin has entered circulation today, said to be the most secure circulating coin in the world. The new coin, issued by The Royal Mint, contains several new features making it difficult to counterfeit. Previously, the one pound coin had become vulnerable to counterfeiters, with one in 30 pound coins in circulation being counterfeit.…

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Thumbnail image of the front side of the 2017 commemorative Nicaragua 1000 banknote.

Nicaragua issues commemorative 1000 banknote

The Central Bank of Nicaragua has issued a 1000 córdobas banknote into circulation commemorating the centenary of the death of famous poet Rubén Darío. A press release dated 20 March 2017 from the Banco Central de Nicaragua confirms that the commemorative banknote was released into circulation three days earlier, on 17 March. The banknote is a limited…

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