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).
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 (the
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 thwart
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 Cuban
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 and
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 will
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.