Latest News

Chander S Jeena

1 Aug. 2024

5 min read

Central Banks and Cash Round-Up

In this periodic series of articles covering cash information in central bank annual reports, we turn out attention this month to Canada, the ECCB, India, Ireland, and Spain.

Central Banks

Astrid Mitchell

1 Aug. 2024

2 min read

New York Fed Plans New Cash Centre

The Federal Reserve Bank of New York has announced that it plans to transition its cash operations in East Rutherford, New Jersey to a new next-generation cash services centre within the Second District.

Companies

Astrid Mitchell

1 Aug. 2024

3 min read

G+D Collection Celebrates 2024 Sporting Events

Commemorative coins are a common way for countries to mark their participation in international sporting events, particularly if they are hosting those events. Less so for commemorative banknotes, but they are becoming more popular.

Banknotes Coins

John Winchcombe

1 Aug. 2024

4 min read

RBNZ Community Cash Services Trial

Last month, we celebrated the 25th anniversary of the introduction of polymer banknotes in New Zealand. But all is not well with cash ‘down under’, with usage in rapid decline and the cash infrastructure in decline as well – both in response to falling demand and also a driver for it.

Cash Handling

Astrid Mitchell

1 Aug. 2024

5 min read

Sustainability Centre Stage in Frankfurt

Some were in Frankfurt for the European football in the final week of June, but not all. The second Cash Sustainability Forum saw two and a half days of discussion, presentations and debate focused on reducing the environmental impact of cash and the cash cycle.

Events Sustainability

Astrid Mitchell

1 Aug. 2024

5 min read

Note and Coin News

The Bank of Mongolia has issued a limited edition 5,000 tugrik commemorative banknote to mark the 100th anniversary of the establishment of the central bank and the strengthening of the modern banking system in Mongolia. The banknotes are in the same design as the circulating 5000 tugrik but include a number of new security features.

Banknotes Coins

Astrid Mitchell

1 Aug. 2024

4 min read

The Birth of Paper Money: the 1,000th Anniversary of the Jiaozi

Today, located in City of London, the Bank of England, with a history of more than 300 years, is a pioneer of modern finance. It is also one of the world’s oldest central banks.

Banknotes

David Tidmarsh

1 Aug. 2024

4 min read

It’s The Little Things That Count!

This short phrase is a truism. Another is ‘you get what you pay for’. When security fibres are used in banknotes, it is fair to say both truisms apply. Security fibres may be very small, but the level of security they provide certainly gives value for money.

Banknotes

Astrid Mitchell

1 Aug. 2024

3 min read

Kazkahstan’s 10,000 Tenge Banknote Continues Saka Style Theme

The National Bank of Kazakhstan (NBK) introduced the newly designed 10,000 tenge banknotes into circulation at the end of June. This release marks the second instalment in the ‘Saka Style’ series, which draws inspiration from elements of the ancient Saka culture, a key precursor to traditional Kazakh ornamentation. The series aims to evoke national pride, deepen cultural awareness, and promote environmental stewardship among Kazakhstan’s citizens.

Banknotes

Astrid Mitchell

1 Aug. 2024

2 min read

Spectra Systems Reports Another Successful Year

Spectra Systems’ annual report, released at the end of June, showed revenues for 2023 increased by 3.4% to $20.28 million and operating profit, EDITDA (before stock compensation expenses) by 3.9% to $8.39 million.

Companies

Tim Berridge

1 Aug. 2024

4 min read

How Regional Recycling Solutions Support Global Success

In an age where consumers, companies and central banks are seeking to reduce raw materials use and close the loop on waste, banknote recycling has never been more important.

Sustainability

Astrid Mitchell

1 Aug. 2024

5 min read

News in Brief

In recent weeks, Da Afghanistan Bank (the country’s central bank) has incinerated c. 2 billion worn-out Afghani banknotes. In 2023, it collected and incinerated approximately 5.2 billion banknotes.

News

Astrid Mitchell

1 Aug. 2024

3 min read

Royal Mint Goes into Loss as Demand for Circulating Coins Plummets

The Royal Mint has announced its results for 2023-24, which are in sharp contrast to the success of the previous year.

Coins

Astrid Mitchell

1 Aug. 2024

3 min read

Wide-Ranging Panel Discussions at the 2024 GCF

The 2024 Global Currency Forum (GCF) – which takes place in Muscat, Oman from 30 September-3 October – is set to host a series of panel discussions that promise to delve deep into the evolving landscape of global cash and currency. This year’s forum features an impressive lineup of experts who will share their insights on various topics, from the role of banknote design in national identity to the sustainability of cash.

Events

Astrid Mitchell

1 Aug. 2024

2 min read

De La Rue Results in Line with Expectations

De La Rue has released a comprehensive set of full year results for FY2023/24. These results were in line with market expectations and its previous trading update.

Companies

Astrid Mitchell

3 July 2024

3 min read

More House Notes Demonstrate Innovation and Artistry

In May’s issue of Currency News™, we featured Bundesdruckerei’s new Ignis house note as the Banknote of the Month. Here, we continue the theme with the presentation of four new house notes – one from Casa de Moneda de Chile and three from Polish Security Printing Works.

Banknotes

John Winchcombe

3 July 2024

6 min read

France Working Hard on End-to-End Cash Sustainability

A bulletin published by the Banque de France describes its work on environmental sustainability. The paper offers up a model for others to consider, detailing the Bank's work on areas it controls directly and its collaborative work with others in the cash cycle.

Sustainability

Astrid Mitchell

3 July 2024

1 min read

Note and Coin News

According to the Centrale Bank van Curaçao en Sint Maarten (CBCS), a significant milestone concerning the new Caribbean guilder has been reached, namely the printing of the first new banknotes.

Banknotes Coins

Astrid Mitchell

3 July 2024

4 min read

In Other News…

Banco de Moçambique has launched a new series of banknotes and coins to coincide with the 50th anniversary of the central bank and the 45th anniversary of Mozambique’s currency, the metical.

News

Antti Heinonen

3 July 2024

12 min read

Reasons to Introduce a New Series or Upgrade

The frequency of the introduction of a new series or an upgrade was addressed in the April issue of Currency News. In this article, Antti Heinonen continues the debate by addressing the topic from a historical perspective.

Banknotes