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Bank of England Confirms Polymer Banknotes

Banknotes, NewsBy SMI 18/12/2013

A press release issued today by the Bank of England has announced that polymer £5 and £10 banknotes will be issued from 2016. The new notes will use similar designs to the existing £5 and £10 banknotes currently in circulation – including similar colour schemes as the previous notes and a portrait of Her Majesty…

Nigeria considers ditching polymer

Banknotes, NewsBy SMI 02/12/2013

The Central Bank of Nigeria (CBN) is reportedly considering a move from polymer banknotes back to traditional paper. Low denominations banknotes have been issued with a polymer substrate – the N5, N10, N20 and N50 – since 2006 after the CBN signed a deal with Australia’s Securency International to print low value, high circulation Naira banknotes…

Innovia Films in Acquisition Talks

Banknotes, Currency, NewsBy SMI 26/11/2013

It has recently been announced that Pamplona Capital Management has entered exclusive talks to acquire Innovia Films. Innovia Films, a global manufacturer of speciality products for the packaging and security markets – Biaxially Oriented Polypropylene (BOPP) and Cellulose based films – currently supplies polymer to be used as a banknote substrate to around 20 Central…

Bank of Mauritius Launches Polymer Banknotes

Banknotes, NewsBy SMI 28/08/2013

On the 22nd August 2013 the Bank of Mauritius (BOM) launched three new polymer banknotes. The RS25, RS50 and RS500 all feature similar designs to their previous paper versions, but include a variety of new polymer specific security features: Transparent window, showing an image of a dodo Shadow image (the polymer note equivalent of a…

RBA sells its stake in Securency to Innovia Films

Banknotes, Currency, NewsBy SMI 12/02/2013

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…

Canada continues to release polymer banknote series

Banknotes, NewsBy SMI 03/12/2012

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…