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Ukraine restricts cash use

Cashless Payments, NewsBy SMI 28/07/2015

The National Bank of Ukraine, the country’s Central Bank, has issued a press release stating that it has passed a resolution which restricts the use of cash within the country. The bank has passed a “Resolution On Setting a Cap on Cash Payment” (Resolution No. 210, dated June 6, 2013) whereby cash payments have been…

ECB releases euro counterfeit banknote info

Banknotes, NewsBy SMI 18/07/2015

The European Central Bank (ECB) has issued its latest information regarding counterfeit euro banknotes identified during the first half of 2015. The reported figures show a decrease in the number of counterfeit banknotes withdrawn from circulation during the first half of 2015 compared to the last half of 2014. In total, 454,000 banknotes were withdrawn…

Syria issues new 1,000-pound banknote

Banknotes, NewsBy SMI 03/07/2015

The Central Bank of Syria has reportedly issued a new 1,000-pound banknote into circulation. The note, which is the highest value Syrian banknote denomination and worth around US$5, has been issued to help improve the paper currency currently in circulation, according to state news agency SANA which quoted Governor Adib Mayaleh. The Central Bank advises…

Bolivia upgrades 50 boliviano banknote

Banknotes, NewsBy SMI 03/07/2015

The 50 boliviano banknote has been upgraded by the Banco Central de Bolivia, the country’s central bank. The latest upgrade of the boliviano banknote is part of the new “J” series of banknotes from Bolivia. The 50 boliviano banknote was first issued in 1987 and was last upgraded in 2005. The upgraded paper banknote includes a 3mm wide…

Tonga issues new currency series

Banknotes, NewsBy SMI 01/07/2015

On Monday the 29th June, the National Reserve Bank of Tonga issued a new series of banknotes and coins. The new currency designs replace the portrait of the late King George Tupou V with his successor and brother, King Tupou VI. The new coronation currency replaces all coins and banknotes with up to date security…

Kuwait wins IACA banknote award

Banknotes, NewsBy SMI 19/05/2015

During the annual Currency Conference, held this year in Vancouver, Canada, the International Association of Currency Affairs (IACA) announced that the sixth issue of Kuwaiti Dinar banknotes had been awarded the 2015 International Award for Best Banknote Issue. The highly noted IACA award was determined by Central Banks from around the world and other international…

Maldives banknotes to use Safeguard® polymer substrate

Banknotes, NewsBy SMI 13/05/2015

The Maldives Monetary Authority, the country’s Central Bank, has announced that its next series of banknotes will be printed using De La Rue’s Safeguard® polymer substrate. The new family of notes will consist of denominations currently circulating (10, 20, 50, 100 and 500 Rufiyaa), the new 1,000 Rufiyaa note which is due to be issued in…

Trinidad & Tobago wins 2014 Bank Note of the Year

Banknotes, NewsBy SMI 11/05/2015

The International Bank Note Society (IBNS) has announced that the winner of the 2014 Bank Note of the Year award is the 50 dollar polymer note from the Central Bank of Trinidad and Tobago. The note, collaboratively produced by the Central Bank and De La Rue, commemorates the Bank’s 50th anniversary and has been in…

Solomon Islands issue new $100 banknote

Banknotes, NewsBy SMI 14/04/2015

The Central Bank of the Solomon Islands has issued a new $100 banknote. The new note is the second to be issued from the Solomon Island’s latest series of banknotes, following the $50 banknote issued in 2013. The theme of the note, which was designed and printed in collaboration with De La Rue, is rural…

ECCB upgrades banknote security threads

Banknotes, News, TechnologyBy SMI 10/04/2015

The Eastern Caribbean Central Bank (ECCB) has today issued a press release advising of a security thread upgrade to all its banknote denominations except for the $5. The Bank advises that the upgrade is “in keeping with the advancement in technology to prevent counterfeiting”. Read the ECCB press release here. | See ECCB banknote…