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New Paper Mill for India

India is to take a further step and future-proof its plans for self-sufficiency in currency production with the construction of a new banknote paper mill, at a cost of INR 25 billion ($310 million).

Banknotes - August 31, 2022 midnight

The End of the Line for Banknotes in Pakistan

Last November we ran an article on a research project by Pakistan Security Printing Corporation to evaluate the parameters for composting waste from banknote production by mixing it with manure. This time it’s the turn of the State Bank of Pakistan, and what it does in terms of dealing with banknotes at the end of their life.

Central Banks - August 31, 2022 midnight

The Journey Towards a Less Cash Australia

Despite headline currency in circulation at near record levels, A$102.22 billion on issue at the end of July 2022 (that’s 27% higher than the July 2019 level), substantially less cash is being used in Australia.

Studies-Reports - August 31, 2022 midnight

FNMT Becomes BnEI Member

The Banknote Ethics Initiative (BnEI), launched in 2013, now has 15 members, after the Spanish banknote printer and papermaker Fábrica Nacional de Moneda y Timbre – Real Casa de la Moneda was formally accredited by the BnEI Accreditation Council.

Banknotes - August 31, 2022 midnight

BSP Introduces Coin Deposit Machines

Introducing automated coin deposit machines is the latest initiative from the Bangko Sentral ng Pilipinas to promote the re-circulation of coins and persuade Filipinos to use them in their daily transactions.

Coins - August 31, 2022 midnight

News in Brief

Giesecke+Devrient has pledged to replace all virgin plastic in its payment card products with recycled industrial compostable or biodegradable products by 2030 at the latest.

News - August 31, 2022 midnight

IBDA to Close its Doors

The International Banknote Designers Association (IBDA) is to be wound up, 12 years after the organisation was founded, at the first International Banknote Designers Conference in Geneva in 2010.

News - August 31, 2022 midnight

Green Light for New French Printworks

The Banque de France (BdF) has announced that the construction of a new banknote printworks on the same site as its paper mill in Vic-le-Comte (Europafi) is going ahead, and will be completed in 2026 at a cost of €220 million.

Free - August 2, 2022 midnight

Croatia Gets Green Light to Adopt Euro in 2023

It’s official – Croatia has been given the green light to adopt the euro as its currency. On 12 July the Council of the European Union formally approved its accession to the euro area on 1 January 2023.

Central Banks - August 2, 2022 midnight

SARB Maintains Denominational Mix

The South African Reserve Bank (SARB) has recently commented about options for its denominational structure, following ‘fake news’ that it is planning to introduce a new high denomination R500 note and R10 coin.

Central Banks - August 2, 2022 midnight

CashEssentials: Honing the Debate on the Future of Money

Compared with the resources of the cashless lobby in advocating for a digital payments future, those of the lobby supporting cash are miniscule. That isn’t to say that there aren’t organisations supporting the case for cash, but their activities are largely centered around specific regions or sectors.

Interviews - August 2, 2022 midnight

News in Brief

Austrian foil manufacturer Hueck Folien has erected a new 400 kWp photovoltaic Wp system on its Baumgartenberg premises, with an output equivalent to the energy consumption of 100 households.

News - August 2, 2022 midnight

The Counterfeiter Classification

In our February feature on counterfeiting, Duncan Reid covered adversarial analysis. In this article he reviews the classification of counterfeiters, illustrated by case studies at each level.

Counterfeiting - August 2, 2022 midnight