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De La Rue’s Safeguard® used for new Gambia banknote

Banknotes, Currency, NewsBy SMI 19/11/2014

De La Rue has reported that it’s SafeGuard® polymer substrate has been selected by the Central Bank of The Gambia for its new 20 Dalasi banknote denomination. The new banknote is being issued into circulation to commemorate 20 years of governance by the President His Excellency Sheikh Professor Alhaji Dr. Yahya Abdul-Azziz Jemus Junkung Jammeh. De…

Crane Currency and the Bank of Morocco to print international banknotes

Banknotes, Currency, News, TechnologyBy SMI 14/11/2014

Banknote printer Crane Currency has entered a partnership with the Central Bank of Morocco, Bank Al-Maghrib, to print international banknotes. A statement detailing the partnership was issued on websites for both Crane and Bank Al-Maghrib dated November 12, 2014. The agreement is expected to be beneficial for both parties, by contributing “to the global expansion…

Mauritius begins “Clean Bank Note Program”

Banknotes, Currency, NewsBy SMI 05/11/2014

On the 3rd November 2014, the Central Bank of Mauritius announced that it is to embark on a “Clean Bank Note Programme” due to finding an increasing number of banknotes which have been defaced. “The Bank has noted, with concern, an increasing number of instances where banknotes are being defaced, either by writing, printing, drawing…

Botswana launches new circulation coins

Coin, NewsBy SMI 13/03/2014

A statement by the Royal Canadian Mint has announced that it has produced a new series of coins for the Central Bank of Botswana. The entire series of coins use the Canadian bank’s multi-ply plating technology – consisting of alternating layers of metal such as nickel, copper and brass plated over a steel core –…

Egypt banknote issuance increases

Banknotes, NewsBy SMI 11/02/2014

An official statement from the Central Bank of Egypt (CBE) has noted that the issuance of Egyptian banknotes rose to EGP 264.1billion (US$37.9bn) during the 2012/2013 financial year, an increase of EGP 56.7 billion (US$8.15bn). It was noted in the statement that government expenditure led to an increase in the budget deficit, after reaching EGP…

East Africa Votes for Single Currency

Currency, NewsBy SMI 03/12/2013

On Saturday 30 November 2013, East African Community leaders signed the Monetary Union Protocol, with the intention to have a single currency in 10 years’ time. The signing ceremony, held in Uganda, was witnessed by Members of the East Africa Legislative Assembly (EALA), diplomats and high ranking government officials of member states. Kenya’s President Uhuru…

Nigeria considers ditching polymer

Banknotes, NewsBy SMI 02/12/2013

The Central Bank of Nigeria (CBN) is reportedly considering a move from polymer banknotes back to traditional paper. Low denominations banknotes have been issued with a polymer substrate – the N5, N10, N20 and N50 – since 2006 after the CBN signed a deal with Australia’s Securency International to print low value, high circulation Naira banknotes…

Bank of Mauritius Launches Polymer Banknotes

Banknotes, NewsBy SMI 28/08/2013

On the 22nd August 2013 the Bank of Mauritius (BOM) launched three new polymer banknotes. The RS25, RS50 and RS500 all feature similar designs to their previous paper versions, but include a variety of new polymer specific security features: Transparent window, showing an image of a dodo Shadow image (the polymer note equivalent of a…

Durasafe® by Fortress Paper launched in Moroccan banknote

Banknotes, News, TechnologyBy SMI 07/01/2013

Fortress Paper Ltd, a pulp and security paper product specialist, has released a statement confirming the first use of their Durasafe® substrate in the new Moroccan 25 dirham banknote. Durasafe® is a high security composite produced at the Landqart Mill in Switzerland. Collaboration between Fortress and the Swiss National bank led to DuraSafe’s development and…

Ghana Withdraws Old 50 Cedi banknote

Banknotes, NewsBy SMI 19/10/2012

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…