An East African Business Week article dated 14 February 2011, contains interesting information on the continuing plans to form an East African Community Monetary Union similar to the European Union, wherein all the partner states will replace their individual currencies—the Burundian franc, Kenyan shilling, Rwandan franc, Tanzanian shilling, and UgandanRead More…

Over the past year, several Philippine banknotes have been issued bearing the letter A after the year. We recently received the following explanation from a source at Bangko Sentral ng Pilipinas: “The serial number on Philippine banknotes consists of two (2) alpha and six numerics per denomination. The total numberRead More…