Latest News

Astrid Mitchell

23 April 2023

4 min read

The Drop in Demand for New Banknotes – New Predictive Models Needed

Whilst we have reported in the last two issues on broadly positive financial results for the cash management sector, the same cannot be said of the banknote production side of the industry, as De La Rue’s recent trading update shows.

Banknotes Cash Handling Free Free

Astrid Mitchell

2 April 2023

2 min read

Nigeria’s About Turn on Currency Changeover

The Central Bank of Nigeria has halted its naira redesign programme, 10 days after the Supreme Court ruled that it hadn’t given sufficient notice to the public to exchange the old notes for new.

Banknotes

Astrid Mitchell

2 April 2023

1 min read

New Caribbean Guilder On the Way

The Central Bank of Curaçao and St Maarten (CBCS) has said it expects that the introduction of the new Caribbean guilder will be completed in the second half of 2024. The new currency will replace the Netherlands Antillean guilder that has been in circulation since 1952.

Banknotes

Astrid Mitchell

2 April 2023

4 min read

Recognising Outstanding Design and Innovation in EMEA Banknotes

The prestigious Regional Banknote and ID Document of the Year Awards form part of the industry’s High Security Printing™ (HSP) EMEA conference. This year’s event was held in Abu Dhabi, with the awards presented at a special ceremony during the conference dinner on 8 March.

Banknotes Events

Astrid Mitchell

1 March 2023

2 min read

Poland Commemorates Copernicus

Narodowy Bank Polski (NBP) has released a new 20 zloty commemorative banknote dedicated to the famous Polish astronomer, economist and mathematician Nicolaus Copernicus, marking the 550th anniversary of his birth, and the 480th anniversary of his death.

Banknotes Central Banks

Astrid Mitchell

1 March 2023

2 min read

Ukraine Commemorative Notes and Coins

The National Bank of Ukraine (NBU) has unveiled a commemorative banknote to mark the first anniversary of Russia’s invasion.

Banknotes Central Banks

Astrid Mitchell

1 March 2023

3 min read

Nigeria’s Money Swap Saga

In October, the Central Bank of Nigeria announced that the three highest naira denominations (the N 200, 500 and 1,000) were being redesigned and reissued, with a six week period between issue and demonetisation (from 19 December to 31 January).

Banknotes Central Banks

Astrid Mitchell

1 March 2023

3 min read

Low Levels of Euro Counterfeiting for 2022

2022 saw the second lowest level of counterfeits as a proportion of total banknotes in circulation in the history of the euro (2021 being the lowest year).

Banknotes

Alexander Huber

1 March 2023

2 min read

A Quick Trip to the ‘Enhanced’ Galaxy

Advanced technologies continue to improve and become even more sophisticated. This is definitely so for the enduring R+D work focused on reducing the banknote counterfeit threat.

Banknotes Counterfeiting Technology

Astrid Mitchell

1 Feb. 2023

6 min read

New Series for Barbados – Bajan to the Bone

At the end of last year, the Central Bank of Barbados issued a new banknote series, coinciding with the 50th anniversary of its foundation, which is only the second major redesign in its half-century history of issuing the national currency (the 2013 series being the first).

Banknotes

Astrid Mitchell

22 Dec. 2022

4 min read

Unfit Banknote Recycling Solutions – a Study from Kusters

Kusters, a family-owned company founded in 1911, has been at the forefront of destruction and shred handling equipment for both banknotes and coins since the 1970s, and has an installed base of more than 700 systems in various applications in over 80 countries.

Banknotes Sustainability

Astrid Mitchell

22 Dec. 2022

2 min read

Bank of England Unveils New Charles III Notes

The new look of banknotes featuring the image of King Charles has been unveiled by the Bank of England. The portrait will be the only change to existing designs of £5, £10, £20 and £50 notes and will start to enter circulation from mid 2024.

Banknotes

Astrid Mitchell

22 Dec. 2022

3 min read

A Celebration of Independence – and Technology

In November 2022, Algeria’s central bank, the Banque d’Algérie, issued a new 2,000 dinar banknote to commemorate 60 years of Algerian independence and to mark the occasion of the 31st Summit of the League of Arab States, which was hosted in Algiers.

Banknotes

Astrid Mitchell

2 Dec. 2022

1 min read

FIFA World Cup Banknote

The Qatar Central Bank has issued a commemorative banknote to mark the FIFA World Cup, which is taking place in the country from 18 November to 20 December.

Banknotes

Astrid Mitchell

2 Dec. 2022

3 min read

US Dollar Production Reverts to Pre-Pandemic Norms

The production of US banknotes for 2023 will likely be below that of the previous two years, according to the 2023 Federal Reserve order for currency published in early November.

Banknotes

Astrid Mitchell

2 Dec. 2022

3 min read

Liberia Reaches for the Stars

The Central Bank of Liberia is currently replacing its 2016 banknotes with a new series, which include updated designs and a new high denomination of L$1,000.

Banknotes

Astrid Mitchell

4 Nov. 2022

2 min read

BSP Estimates Savings with Polymer

The Bangko Sentral ng Pilipinas has said it will save as much as P2.4 billion (US$40 million) from the conversion of paper 1,000 piso banknotes to polymer due to their longer lifespan.

Banknotes Substrates, Features

Astrid Mitchell

4 Nov. 2022

8 min read

Neighbours – a Perfect Campus for Polymer Note Production

Currency News™ spoke to Malcolm McDowell, CEO of NPA, and Neil Sanders, Managing Director of CCL Secure, about their story, how their cooperation works, and the environmental as well as commercial benefits of their physical proximity.

Banknotes Interviews

Astrid Mitchell

4 Nov. 2022

4 min read

From Gold to Blockchain – Casa de Moneda Chile Reinvents Itself for the 21st Century

Despite being the oldest company in Chile (it was founded in 1743), in the last four years the state-owned firm Casa de Moneda Chile has gone ‘from the physical to the cloud’.

Banknotes Companies

Astrid Mitchell

4 Oct. 2022

4 min read

Indonesia Issues New Series on Independence Day

Bank Indonesia has designed a completely new series of banknotes, with significantly improved security features over the previous designs, selecting the nation’s Independence Day, 17 August, to launch them.

Banknotes