2026 is the Year of the Horse in the Chinese zodiac. And not just any old horse, but specifically the Fire Horse.

Bharatiya Reserve Bank Note Mudran Pvt Ltd (BRBNMPL), a wholly owned subsidiary of the Reserve Bank of India, has issued a global Expression of Interest (EOI/010/CO/2025-26) to establish a manufacturing facility for colour shift films (CSF), colour shift pigments (CSP), and related security features at its Mysuru site.

Over the course of February and March, five of the leaders in the distribution and management of cash in circulation published their annual results for 2025 – ATM and self service specialists Diebold Nixdorf and NCR Atleos, and CIT and cash handling companies Prosegur, Brinks, and Loomis.

One of the currency industry’s premier global gatherings opens in Washington DC in little over a month. To be held from 11-14 May in the US capital, Banknote Conference 2026 will seek to reaffirm its reputation as arguably the leading technical forum devoted exclusively to banknote production, design, security, and circulation.

This article provides further light on a topic addressed in Currency News™ last May, namely the development of the number of banknotes in circulation. The estimate then was like a first trial and resulted globally in 921 billion banknotes. It was based on data available at the time consisting mostly of end-2023 or 2024 figures.

Technological innovation is advancing at a pace that is transforming how societies pay, transact, and interact. Changes that once unfolded over decades now occur within years, fundamentally redefining the role and nature of money. As reflected in our new white paper ‘Currency Fast Forward – Future Developments of the Currency Cycle’, one insight stands above all: the future of money will not be determined by a choice between physical and digital forms, but by their ability to coexist and reinforce one another.

Monnaie de Paris (MdP) has announced strong financial and operational results for 2025, marking its sixth consecutive year of positive profitability and reinforcing the institution’s ongoing transformation. Contrary to forecasts of a decline in revenue following an ‘exceptional year’ in 2024, largely driven by the Paris Olympic and Paralympic Games, MdP has reported an historic turnover at year end.

To celebrate 60 years of decimal currency, the Royal Australian Mint has released a limited-edition $1 circulating coin.

According to the Australian Border Force (ABF), seizures of counterfeit banknotes have surged in the first six weeks of 2026 compared to last year. During this period, the ABF intercepted 57 packages containing $191,130 in fake currency at sorting facilities. While these detections are not included in standard, official parts-per-million (ppm) counterfeiting statistics, they highlight a growing security threat.

Recent financial results from Crane NXT highlight growing global demand for advanced authentication technologies, especially its platform of micro-optic security features for banknotes. In mid February the company reported strong performance for the fourth quarter and full year ending 31 December 2025, reflecting wider adoption of its currency and security solutions by central banks worldwide.

In the December issue of Currency News™ we ran an article entitled ‘Reports of the Death of Cash are Greatly Exaggerated’, paraphrasing Mark Twain’s immortal words in response to reading his own obituary. In it, we mused over how widescale reports of the death of cash are at odds with numerous investments around the world in banknote production and distribution.

The Bank of Uganda has issued a bid notice for a proof of concept (PoC) for currency processing machines.

Over the past few years, light-field imaging has been considered one of the more promising directions for next-generation document security features. By reproducing not only the intensity of light but also its direction, a light-field structure can create convincing 3D imagery that changes naturally when the viewing angle shifts. The result is an effect that is both visually striking and immediately verifiable by the naked eye.

‘Why don’t we celebrate cash more?’, we asked in the January edition of Currency News™. ‘And what better way to celebrate than an International Day of Cash (or World Cash Day)?’

The global cash landscape is undergoing profound transformation. Although digital payments continue to expand rapidly, cash remains an essential payment method for millions of consumers and retailers. This tension between declining usage and the enduring need for access is reshaping the way commercial banks operate. A recent IACA hosted webinar entitled ‘The Future of Commercial Bank Cash Operations’, which is the second in a series of events around key stakeholders in the cash cycle, brought together industry experts to explore how banks are adapting their cash operations and what the next decade may hold.

The International Association of Currency Affairs (IACA) has announced the finalists for the 2026 Excellence in Currency Awards, which are all technical and include four categories.

Formerly known as Money Matters, this article is a continuation of the periodic series utilising information drawn from DataVault, the powerful online database which enables users to search, sort and aggregate data on all of the world’s banknotes and circulating coins.

The UK is navigating a pivotal moment in its national infrastructure, embarking on major security printing tenders totalling over £1 billion covering banknotes, passports, and excise-control stamps.

The Bank of Japan was joint winner of the Best New Banknote Series at the HSP Asia conference in Kuala Lumpur last December for the new 10,000, 5,000, and 1,000 yen notes.

CCL Secure has been awarded a tender by the State Bank of Vietnam (SBV) to supply GUARDIAN™ polymer substrate for the 200,000 dong (VND) denomination.