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…
Pobjoy Mint has announced that it has changed the design of its ‘Britannia Rules the Waves – 2017’ commemorative coin due to a copyright infringement. The bullion 1 crown coin, issued on behalf of the Falkland Islands by Pobjoy Mint, included the phrase “Britannia Rules the Waves” in its design to honour the soldiers that gave…
The Reserve Bank of Fiji has issued a new banknote and a 50-cent coin celebrating the country’s gold medal win at the Rio 2016 Summer Olympics in the men’s Rugby Sevens – the country’s first ever Olympic medal. By the time the Fijian team had made it to the Olympic final in August last year, the…
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…
The Bank of Latvia has issued a new five euro collector coin called “The Earth”, uniquely made of translucent perlucor. The coin has a silver outer ring and a symbol of the Earth is shown in the centre of the transparent coin. The coin’s graphics, by architect M. Kalniņš, was the winning design in a competition held…
Bank Indonesia has introduced new banknotes and coins with improved security features and new designs featuring national heroes, traditional dances and natural sites. Seven new banknotes and four new coins were introduced in Indonesia on 19 December 2016, following their announcement last September. At the unveiling, Bank Indonesia Governor, Agus Martowardojo told reporters that the new banknotes…
The Central Bank of Barbados has issued a $50 commemorative banknote, celebrating 50 years of independence. The commemorative banknote, printed by UK banknote printer De La Rue, is based on the circulating version, but includes the official 50th anniversary logo displayed at the top right on the front of the banknote. Also in coin The…
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…
FitBit Inc, the fitness tracking company which has exploded into the fitness technology market, has acquired wearable payments assets of electronics and financial technology company, Coin Inc. FitBit Inc. is a provider of stylish wearable physical activity trackers, namely FitBit trackers, allowing users to monitor their activity and sleep patterns with the aim of promoting a healthier lifestyle.…
The Royal Mint has issued a statement saying that coins are here to stay, in response to a report by the Co-op which has predicted the “death of cash and bankcards”. Though the Co-op identifies that nearly two thirds of all transactions made within its retail stores are paid for using cash, it has seen the use…