India’s citizens are now able to make unrestricted cash withdrawals, ending the period of cash rationing imposed on the country by Prime Minister Modi. From Monday 13 March 2017, all cash withdrawal limits from Savings Bank accounts were withdrawn, allowing the citizens of India to withdraw cash freely. The country has been through a period of demonetisation whereby the ₹500…
The UAE opened its first banknote printing plant, the Oumolat Security Printing LLC, on Saturday 11 March 2017 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. The new UAE banknote printing plant is located in the Khalifa Industrial Zone in Abu Dhabi and aims to provide printing services for central banks across the Middle East. Historically,…
The Bank of Ghana has issued a 5-cedi banknote to commemorate the Central Bank’s 60th anniversary. The design of the new banknote continues to use a predominantly blue colour scheme, but incorporates illustrations of Dr. James Kwegyir Aggrey, the famous educationist and missionary who died in 1927. The banknote includes a number of new security features…
The Central Bank of the Republic of Uzbekistan will issue a new high value 10,000-som banknote into circulation on 10 March 2017. The new note joins the country’s banknote family consisting of the 25, 50, 100, 200, 1,000 and 5,000-som denominations. The 10,000-som note is currently valued at around US $3. Banknote features The paper…
The Central Bank of Hungary has released upgraded versions of the 2000 and 5000 banknotes into circulation including advanced security features. Each note has a date of issue of the 15 November 2016, though they actually began circulating on 1 March 2017. The Central Bank, the Magyar Nemzeti Bank, will withdraw the previously circulating versions of each denomination from circulation by…
The Reserve Bank of Australia has revealed the design of the new $10 banknote due to be issued in September 2017, part of the Next Generation series of banknotes. Images released by the Central Bank show the basic design artwork on the front and back of the soon to be released banknote. The design of the…
A public notice has been issued by the Bank of Papua New Guinea informing citizens that the K5 banknote has been resized as part of the banknote reform to differentiate between denominations. Papua New Guinea’s Central Bank has issued a public notice advising its citizens that a new K5 banknote was issued into circulation on 3 January…
Oberthur Fiduciaire has entered into exclusive negotiations with Arjowiggins Security to acquire their VHP banknote paper production plant in the Netherlands. The VHP plant in Apeldoorn, Holland, manufactures banknote paper, such as that used for the euro currency, with an annual production capacity of around 6,500 tonnes. It employs around 130 staff. Arjowiggins Security’s parent company,…
The Bank of England has issued a statement confirming that it will continue to use polymer banknotes that contain tallow, a substance made from animal fat, until an alternative can be sourced. The polymer New Fiver banknote was issued by the Bank of England in September last year, but news that it contained trace elements of tallow – an animal…
The Narodowy Bank Polski, the Central Bank of Poland, has issued a new high denomination banknote into circulation, the 500 złoty banknote. The new 500 note joins the currently circulating family of banknotes consisting of the 10, 20, 50, 100 and 200 zloty. According to a Central Bank press release, the new denomination will ensure the uninterrupted…