467,000 counterfeit euro banknotes were withdrawn from circulation in 2023, according to the European Central Bank, which is one of the lowest levels ever since the introduction of the euro in 2002 in proportion to total banknotes in circulation.

The Banknote Conference is the industry’s premier technology-focused event with a long and rich history of hosting the world’s technology experts from central banks, printing works, and industry suppliers and providing an unparalleled opportunity to discuss emerging trends, technologies, and innovation.

Currency News™ reported in November 2023 on the Guangzhou Banknote Printing Company and its ‘intelligent’ factory. Now China Banknote Ink Co is following on with an Integrated Operation Centre.

Cash & Payment News™ (CPN) is the sister publication to Currency News™. It was first published in July 2018 as the successor to Payment News Quarterly and, while Currency News focuses on the product that is ‘cash’, CPN has concentrated on the use of cash once issued.

The People’s Bank of China (PBC) has issued a 20 yuan commemorative legal tender banknote to celebrate 2024’s Lunar Year of the Long (Chinese Dragon), which begins on 10 February.

The Central Bank of Argentina has approved the printing of 10,000 and 20,000 peso banknotes, amid continuing high inflation.

Under the new leadership of Vijay Ranjan Singh, who was appointed its Managing Director last year, SPMCIL recently released its 2022/23 Annual Report, registering a growth of 20.35% in revenue to Rs 49.18 billion.

Currency News™ has officially ‘come of age’! That is, if reaching its 21st birthday counts as the coming of age – which in many societies it does.

The next HSP EMEA 2023 event will be held in Sofia, the capital of Bulgaria, on 4-6 March 2024 and the organisers are expecting a sell-out event, with key decision makers from central banks, suppliers and printers coming together to discuss and learn about a range of topics from cash usage and trends in the region, sustainability and resilience in print to physical and digital technologies, security features and design.

The programme for the third Optical and Digital Document Security™ (ODDS) conference – which takes place from 8-10 April 2024 in Lisbon, Portugal – is now available.

Rather than have a regional focus in this month’s coverage of cash information in central bank annual reports, we are doing a general catch-up this month, with news from the recently-issued reports of the central banks of Fiji, Romania and Russia.

In 2021, Currency News™ issued a special supplement – Concept Notes: Art, Design and Security in One – which reviewed the latest and best ‘concept’ or ‘house’ notes. Following the success of this supplement, we will issue the second version in 2024, covering the newest concept notes over the intervening period.

Many people fall victim to the ‘Black Money’ scam, which is basically a get rich quick scheme. Usually there are no counterfeit banknotes involved, but I thought this would be an interesting topic to discuss.

The growth of the internet and social media has been accompanied by a growth in fake news and a fall in traditional, fact-checked journalism. Articles and claims can be circulated freely without appropriate governance. Fake news on a range of issues has incited violence and hate while changing behaviours and influencing politics. It can also damage reputations and lead to unfair advantages.

Danmarks Nationalbank has carried out an analysis of the role of cash in a low cash usage society. 10% of payments are still made in cash and there are groups in society for whom cash is important whether out of necessity or choice. The result is that changes will be made to the currency.

The European Central Bank (ECB) has issued the findings of its Product Environment Footprint (PEF) study, which focuses on the creation and life cycle of banknotes through to their disposal when they become unfit to circulate.

De La Rue appears to be enjoying a rebound following multiple new contract wins and growing demand for banknotes.

In 2023, we decided to drop Industry Watch – the quarterly review of the share performance of listed companies in our sector – and provide an annual summary instead.

Spectra Systems Corporation has agreed to buy security printer Cartor Holdings in a deal worth up to £10.5 million. It has described the move as a strategic acquisition to bolster its position in the polymer banknote substrate market.

All of the key themes facing the banknote industry were covered at the High Security Printing Asia conference in Colombo, Sri Lanka, held at the beginning of December.