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New coins from Philippines due to be minted this year

Coin, NewsBy SMI 24/07/2017

A new family of circulation coins will be issued by the Bangko Sentral ng Pilipinas, the Central Bank of the Philippines, later this year but it will no longer include the 10-cent denomination coin. According to a report by centralbanking.com, the Central Bank of the Philippines intends to issue its new family of coins by the end…

Thailand to launch commemorative banknotes

Banknotes, NewsBy SMI 24/07/2017

The Bank of Thailand has announced that it will issue a new family of commemorative banknotes into circulation on 20 September 2017. A press release from the Bank of Thailand has confirmed that royal permission has been granted for the Central Bank to print and issue the commemorative banknotes in remembrance of the late King Bhumibol Adulyadej,…

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…

Maldives reveals the new 5 Rufiyaa banknote

Banknotes, NewsBy SMI 11/05/2017

The Maldives Monetary Authority (MMA) have unveiled the design of the new 5 Rufiyaa banknote. The new polymer banknote is part of the Ran Dhihafaheh note series which launched on 1 November 2016 and circulated on 26 January 2016, consisting of the 10, 20, 50, 100, 500 and 1,000 denominations. The new polymer 5 replaces the last…

South Korea trials coinless society

Coin, NewsBy SMI 20/04/2017

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…

Bhutan reveals design of commemorative Nu.100 banknote

Banknotes, NewsBy SMI 06/02/2017

The Royal Monetary Authority of Bhutan has revealed the design of the Nu.100 banknote commemorating the first birthday of His Royal Highness The Gyalsey, Jigme Namgyel Wangchuck. One million of the Bhutan notes are being printed by banknote printers Orell Füssli Security Printing in Switzerland. The predominantly yellow and orange coloured banknote includes SICPA’s SPARK® Live Truspin optically…

President Nazarbayev on Kazakhstan banknotes

Banknotes, NewsBy SMI 16/11/2016

President of Kazakhstan, Nursultan Nazarbayev, is to feature on new banknotes to be released next month. The National Bank of Kazakhstan, the country’s central bank, has announced that the new 10,000-tenge banknote (GBP £23, US $29) will go into circulation on 1 December 2016, before a national holiday celebrating the President’s long-standing leadership of the country.…

India suddenly scraps 500 and 1,000 rupee banknotes

Banknotes, Currency, NewsBy SMI 09/11/2016

A surprise announcement was made last night by India’s Prime Minister who advised that the 1,000 and 500 rupee banknotes have been scrapped. The move is part of a crackdown on corruption and illegal cash holdings. During his address, Prime Minister Narendra Modi said that “Black money and corruption are the biggest obstacles in eradicating…

Pakistan issues new 10-rupee coin

Coin, NewsBy SMI 25/10/2016

The State Bank of Pakistan has introduced a new 10-rupee coin that will circulate alongside the current 10-rupee banknote first issued in 2006. Though there are no reports of the banknote being withdrawn, it is thought the move to coin will help to minimise the costs of replacing the highly used 10-rupee banknote given the…

Nanotech Security produces Optical Thin Film for Asia banknotes

Banknotes, News, TechnologyBy SMI 13/05/2016

Yesterday, Nanotech Security Corp. announced that it has completed rigorous supplier acceptance tests and has subsequently begun the production and delivery of their proprietary colour-shifting Optical Thin Film (OFT). The nanotechnology specialist is a producer of advanced security products and surveillance solutions, with features that produce intense, high definition optically variable images and colour-shift optical thin films.…