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…
On November 15th, 2013, the Bank of Guyana unveiled the new £5,000 banknote. This is an additional denomination to the current series existing of the £20, £100, £500 amd £1,000. It is due to go into circulation on December 9th, 2013. The face of the banknote displays a map of the country with its natural resources,…
On the 1st April 2013 the Bank of Thailand released the new Series 16 20-Baht banknote into circulation. It replaces its previous version which has been in circulation since 2003. In a press release issued by the Bank of Thailand, Mrs. Tongurai Limpiti (Deputy Governor) stated that the new design incorporates “new advanced counterfeit deterrent…
It has today been announced that the Reserve Bank of Australia (RBA) has signed an agreement with UK based company Innovia Films to sell its 50% share in Securency International Pty Ltd. Innovia, who supplies Securency International with a key film from which they make Guardian® polymer banknote substrate, joined the RBA in a 50/50…
Following the release of the $100 and $50 polymer banknotes, the Bank of Canada has recently issued the new $20 polymer banknote. This is the latest in the entire series due to be changed, with the new polymer $10 and $5 banknotes expected to be released by late 2013. Like the previous versions, the Bank…
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…
On the 24th August 2012, Talaris™ launched their new cash recycler, the Vertera 6G™. Cash recyclers enable bank and retail branches to manage their cash efficiently and securely, providing a fast yet reliable method of cash management within businesses such as bank and retail branches. Even with a small footprint, the Vertera 6G™ is able…
On the 21st August 2012, the Bank of Ghana (BOG) issued the upgraded GH¢50 banknote. The upgraded version was designed to enhance the security and maintain the integrity of the banknote. According to the BOG’s Vice President, Mr. Kwesi Amissah-Arthur, though counterfeiting of the GH¢50 is not a high concern, the Bank aims to move…
The counterfeit statistics for the first half of 2012 have now been released by the European Central Bank (ECB). The total number of counterfeit euro banknotes which were removed from circulation during the 6 months from January to June 2012 totalled 251,000, a decrease of 15.2% compared to the same period in 2011. However, when comparing the number of…
Until 1857 all US $ bills were printed using ‘carbon black’ based ink on both the front and reverse of the note. The colour green used on US currency was invented in 1857 by a Canadian chemist named Thomas Sterry Hunt. Like other chemists of his day, he used natural pigments and laboratory chemicals to…