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Papua New Guinea resizes banknote family

Banknotes, NewsBy SMI 20/02/2017

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…

Bank of England keeps animal fat tallow banknotes

Banknotes, News, TechnologyBy SMI 16/02/2017

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…

Innovia bought by Canada’s CCL Industries

News, TechnologyBy SMI 21/12/2016

An agreement has been made to allow Canadian CCL Industries Inc to acquire the Innovia Group for CAN $1.13 billion (c. £685 million). Innovia specialise in BOPP films and polymer banknote substrates used in many banknotes currently circulating throughout the world, including the newly issued five pound notes in the UK and Australia. The agreement came from…

Vegetarians upset over use of tallow in polymer banknotes

Banknotes, News, TechnologyBy SMI 06/12/2016

The new fiver polymer banknote that was launched last September in the UK has been spurned by vegetarians and vegans after it emerged that small amounts of tallow are used to make the polymer substrate. Tallow is a substance rendered from animal fat, normally beef or mutton, commonly used to make soap and candles. Whilst…

Royal Bank of Scotland issues polymer £5 banknote

Banknotes, NewsBy SMI 27/10/2016

The Royal Bank of Scotland’s first polymer banknote entered circulation today, following the trend set by other Scottish issuing authorities, the Bank of Scotland and Clydesdale Bank. The design of the new note was announced in April earlier this year. It features Scottish poet Nan Shepherd and is the first of the new “Fabric of…

Bank of Scotland issues £5 polymer banknote

Banknotes, NewsBy SMI 04/10/2016

Following the release of the Clydesdale Bank polymer £5 banknote last week, the Bank of Scotland has today issued their own polymer version. The new banknote will be available from Bank of Scotland branches from today, and will become more widely available across the country in due course. The new note differs to the previous…

Clydesdale Bank’s £5 polymer banknote enters circulation

Banknotes, NewsBy SMI 27/09/2016

Clydesdale Bank has today issued into circulation its new £5 polymer banknote. The new full circulation banknote follows the introduction of the commemorative version issued in 2015. Image courtesy of De La Rue. The banknote includes De La Rue‘s SPARK® Orbital™ security features incorporating SICPA‘s colour changing SPARK® ink, shown in green over the illustration of…

The polymer New Fiver banknote issued today in UK

Banknotes, NewsBy SMI 13/09/2016

The Bank of England has today issued the New Fiver banknote using a polymer substrate, the first to be used by the Bank. The banknote is printed by De La Rue and uses Innovia Security’s Guardian® substrate, which, say Innovia, is resistant to dirt and moisture helping to improve the banknote’s longevity – at least 2.5…

Australia Next Generation $5 banknote issued today

Banknotes, NewsBy SMI 01/09/2016

The Reserve Bank of Australia has today issued its new $5 polymer banknote. It is the first of the new series to be issued, as part of the central bank’s Next Generation Banknote Program. The $5 note is printed using Innovia Security’s Guardian® polymer substrate and contains a variety of new security features. This includes the first…

Gibraltar issues £100 banknote using De La Rue’s Safeguard®

Banknotes, NewsBy SMI 30/08/2016

Gibraltar has issued a new polymer £100 banknote to celebrate the 100th anniversary of the birth of Sir Joshua Hassan, Gibraltar’s first Chief Minister. The new banknote uses De La Rue’s polymer Safeguard® substrate, and is the first time a holographic foil, namely Depth™ Image, has been used with the polymer substrate. The hologram is visible from either…