According to various articles, on 3 November 2016 Egypt floated its currency after a 48 percent devaluation of the Egyptian pound. With this move, the face value of its largest banknote, the 200-pound note (B335), falls to just US$13. Expect prices of modern Egyptian notes to be volatile until theRead More…
According to an article in The Herald dated 1 November 2016, Zimbabwe’s President Robert Mugabe has gazetted Statutory Instrument 133 of 2016, providing the legal framework for the introduction of bond notes and coins as legal tender. The new currency is expected to circulate at par with the US dollarRead More…
According to a BBC News article dated 21 August 2016, the Reserve Bank of India has named Urjit Patel to take over as governor from Raghuram G. Rajan when his term ends 4 September 2016. Expect new signature varieties to follow. Courtesy of Aidan Work.Read More…
According to a press release dated 18 June 2016, Raghuram G. Rajan, who has served as governor of the Reserve Bank of India since 4 September 2013, intends to resign when his term ends on 4 September 2016. Courtesy of Aidan Work.Read More…
,,, These images are reportedly of the dinar notes intended for the bank in eastern Libya. According to an article in The Guardian dated 20 May 2016, there are reports that Libya’s unity government may be undermined by the introduction of two different sets of new dinar notes from competingRead More…
According to a press release dated 4 May 2016, the Reserve Bank of Zimbabwe, blaming a cash shortage of US dollars on the strength of the US dollar, intends to convert all USD exchange receipts into South African rand and euros in an effort to “spread the demand for cashRead More…
According to a Bank Negara Malaysia press release dated 27 April 2016, deputy governor Datuk Muhammad Ibrahim has been appointed as the new governor for five years, effective from 1 May 2016, following the retirement of the current governor, Tan Sri Dr Zeti Akthar Aziz. Expect new signature varieties toRead More…
According to a press release, “Dr. Abdul-Nashiru Issahaku has been appointed by His Excellency the President of the Republic of Ghana as the Governor of the Bank of Ghana with effect from Friday, April 1, 2016.” Expect new signature varieties to follow. Courtesy of Merjim Groen.Read More…
Sergiu Cioclea has been named the new governor of the National Bank of Moldova effective 11 March 2016. Courtesy of Alex Klark.Read More…
According to a BBC News article dated 15 March 2016, Atiur Rahman, governor of Bangladesh Bank since 1 May 2009, has resigned after thieves stole more than US$100 million from the country’s foreign currency reserves through a series of fraudulent transfers from their account at the Federal Reserve Bank ofRead More…