Following the end of his three-year term on 4 May 2022, Governor Reza Baqir will be replaced by Murtaza Syed as acting governor of the State Bank of Pakistan. Courtesy of Muhammad Zeeshan Yameen (turpan on eBay).Read More…
According to a press release dated 11 August 2021, the Bank of Sierra Leone has announced “A new family of currency notes and coins, which shall be called the New Leone, will become legal tender in Sierra Leone in the near future and that the current currency in circulation (theRead More…
According to a press release dated 28 April 2021, “The Swiss National Bank is recalling its eighth-series banknotes as of 30 April 2021. From this date on, the banknotes from the eighth series lose their status as legal tender and can no longer be used for payment purposes. This doesRead More…
Holography plays a central role in protecting banknotes against counterfeiting, says Dr Paul Dunn of the International Hologram Manufacturers Association, who considers current developments. Holograms are at the forefront of an integral array of overt features that appear on current banknotes, providing a highly effective, evolving weapon in the battle to thwartRead More…
One characteristic feature of the Cuban economy has been the coexistence of two currencies: the Cuban peso (CUP) and the Cuban convertible peso (CUC). Both means of payment had their specific area of use: there was one market for the Cuban peso and another for the convertible peso. The CubanRead More…
According to a press release dated 24 November 2020, the new Saudi Central Bank Law changes the name of the Saudi Arabian Monetary Authority to the Saudi Central Bank which will continue to use the acronym “SAMA” due to its historic significance and relevance locally and globally. The banknotes andRead More…
BBC News has an interesting article about the cultural controversy concerning Arabic script on its banknotes. Courtesy of Aidan Work.Read More…
According to an article in La Nación of Buenos Aires dated 11 November 2020, earlier this year the Banco Central de la República Argentina placed orders for 400 million 1,000-peso notes from the Casa de Moeda de Brasil in Rio de Janeiro and Casa de Moneda de Chile in Santiago,Read More…
According to a press release dated 3 November 2020, the Monetary Authority of Singapore plans to discontinue the issuance of 1,000-dollar notes from 1 January 2021 as a pre-emptive measure to mitigate the higher money laundering and terrorism financing risks associated with large denomination notes. Existing notes in circulation willRead More…
According to a press release dated 4 June 2020, the Banco Central de Costa Rica is withdrawing 50-colon notes (B563a) from circulation, though they remains legal tender. The news comes two years after the bank stopped issuing the denomination due to lack of demand for such a high-value note.Read More…