Bank of Canada Unveils Design for New $20 Banknote
The Bank of Canada has unveiled its new vertical $20 polymer banknote at a special ceremony attended by the Governor General of Canada, the Secretary of State for Canada Revenue Agency and Financial Institutions, and the Banks’s Governor, Tiff Macklem.
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The Rp36 Billion Counterfeit Raid: Why Public Trust and Digital Shift Matter Now
The Jakarta Metropolitan Police (Polda Metro Jaya) recently dismantled a massive Rp 36 billion ($2 million) counterfeit currency ring. Operating out of a warehouse in Taman Tekno BSD, South Tangerang, the sophisticated operation was halted just before hundreds of thousands of fake banknotes could enter public circulation. While law enforcement successfully contained this specific threat, banking and monetary experts warn that the incident spotlights critical vulnerabilities in our cash-dependent economic chains.
Uganda Next in Line in Africa to Print Banknotes
Uganda has taken a major step towards establishing its own currency printing facility with the signing of a Memorandum of Understanding (MOU) between the Uganda Security Printing Company (USPC) and Koenig & Bauer Banknote Solutions (KBBNS).
De La Rue's Transformation and Vision for the Future
One year after its acquisition by Atlas Holdings, De La Rue CEO Clive Vacher reflects on the company's six-year transformation journey – from operational consolidation and record design awards to the launch of OPTILIGHT™ – and shares his long-term vision for the currency industry.
The Role of High Denomination Notes – Myths and Facts
Every now and then the role of high-denomination banknotes is criticised by claims that their use is only for criminal and tax evasion purposes. Recently, author Oliver Bullough did this in his book ‘Everybody Loves Our Dollars – How Money Laundering Won’, published in January this year. Bullough’s book consists of 12 chapters addressing different forms of money laundering, one of them dedicated to banknotes.
Data for Design – Banco de España’s new ABT Database
Miguel López, Innovation and Development Unit Manager at the Banco de España (BdE), presented at the High Security Printing (HSP) conference in Rabat earlier this year on the BdE’s new Application of Banknotes and Technology (ABT) database. This is a comprehensive reference tool for central banks, printworks, government institutions and law enforcement wanting to understand the banknotes of the world from a visual and technical perspective.
Spectra Signs Licensing Deal for New Polymer Feature
Spectra Systems Corporation – provider of machine readable technologies for banknotes and Fusion™ polymer substrate – has announced a licensing agreement with Oberthur Fiduciare for Kryptonome™, the latter’s patented new Level 1 security feature for polymer banknotes that was unveiled last year.
Beethoven, Birds or Buildings for New Euro Series
The complete overhaul of the single European currency, which represents the first comprehensive redesign of physical euro banknotes since their historic introduction back in 2002, has taken a major step forward – with the public being given the choice to vote on two different concepts. One is based on European culture, and the other on rivers and birds and European Union (EU) institutions.
Sustainable Cash: Why Fibre-Based Banknotes Lead the Way
G+D Louisenthal has established itself as a sustainability driver in the industry, with comprehensive ESG measures across all sectors of the business. Sustainability in the banknote sector is a major priority, and a Whitepaper has been produced to illustrate the key elements of the sustainability strategy.
Counterfeit Corner: Underwear Money and a Financial Black Hole
The Hempstead County Sheriff’s Department in the US state of Arkansas recently proved that truth is stranger than fiction – especially when it involves undergarments and fake cash. What started as a standard police bust quickly spiralled into an embarrassing financial facepalm, leaving the department needing a swift emergency budget bailout after accidentally treating counterfeit money like a legitimate bank deposit.
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