England’s first plastic polymer banknote, the five pound note, has been revealed by the Bank of England Governor Mark Carney. The anticipated new five pound banknote, known as the New Fiver, will be issued into circulation on 13 September 2016. The Bank of England has already printed 440 million of the new notes, with a value of…
Somalia is working with the International Monetary Fund (IMF) to reform its national currency, with the aim of restoring the credibility of the Somali shilling by issuing a new SOS 1,000 banknote. A report produced by the IMF highlights the problems found within the African country, where 95 percent of the currency in circulation is the US…
According to Egyptian newspaper Egypt Independent, the Central Bank of Egypt (CBE) is to start printing 500 million one pound banknotes with the aim of issuing them by the start of Ramadan (7 June 2016). According to prominent banking sources within the country, printing of the one pound banknote was stopped in favour of the equivalent one…
The thousand franc banknote (CHF1,000) from Switzerland is the most valuable in the world, worth around US $1,000. But its legitimate use, and other high value banknotes, has been questioned for some time due its link with financial crime and tax evasion. There have been several reports and statements made recently by those who believe such high…
The Reserve Bank of New Zealand has issued the $20, $50 and $100 banknote denominations into circulation. The denominations, which began circulating on the 16 May 2016, complete the country’s seventh series of New Zealand banknotes, called Brighter Money, following the release of the $5 and $10 banknote denominations last October. According to the Reserve Bank’s Head of…
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.…
A commemorative $50 Guyana banknote was issued on the 11th May by the Bank of Guyana. The new denomination note has been issued to celebrate 50 years of independence. Guyana Banknote The Bank’s Governor, Dr. Gobind Ganga, said of the banknote’s release, “We are pleased to be marking Guyana’s 50 years of independence with a…
The Central Bank of Bolivia (BCB) has announced that it will introduce a new series of banknotes in 2018, including a new 500 boliviano denomination. According to the press release issued by the Central Bank on 5 May 2016, the tender for the printing of the new series will include the Bs. 10, Bs. 20, Bs. 50,…
Zimbabwe is suffering from a shortage of cash in the form of US dollars, the main accepted currency in the country since it abandoned its own in 2009 following sustained hyperinflation. A press release issued yesterday by the Governor of the Reserve Bank of Zimbabwe, DR. J.P. Mangudya, has highlighted the Zimbabwe cash shortage, and…
The European Central Bank (ECB) has confirmed that it will stop producing the euro 500 banknote denomination due to concerns it is helping to facilitate illegal activities. Today’s decision from the Governing Council of the European Central Bank followed a review of the denominational structure of the Europa series which, it says, “[took] into account concerns that this…