In Other News...

• The Central Bank of Paraguay has announced that a new series of guarani banknotes is underway, with the preparations likely to take more than a year.

The lower denomination notes will be printed on polymer, and the medium/high denominations on cotton paper. The denominational structure will be retained, with notes in 2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 guaranis.

The sizes will be different regarding the length of the banknotes while maintaining the width of the current banknotes. Some of the colours of the existing series will be retained, but new colours will also be introduced.

• As part of the celebrations of the 50th anniversary of its foundation, the BEAC (Banque Centrale des Etats de l’Afrique Centrale) will introduce a new series of banknotes and coins in November (although they will not go into circulation until early next year).