On 10 July 2011, Bank Indonesia Deputy Governor Budi Rochadi died at age 60 of unspecified causes in New York, where he was attending a conference on banknotes. Rochadi had served as deputy governor in charge of settlement systems since January 2007. Rochadi’s signature appears on the 2,000-rupiah notes datedRead More…
There’s an excellent article in The Wall Street Journal about how Zimbabwe’s large-denomination banknotes are selling well to collectors as well as the general public curious about the huge number of zeros on these inflationary issues. Courtesy of Abdullah Beydoun.Read More…
According to a BBC report dated 14 March 2011, Cuba is devaluing the convertible peso by approximately 8% to place it at par with the US dollar in an effort to boost exports and local production, and to make travel to Cuba more affordable to tourists. Courtesy of Aidan Work.Read More…
According to an artilce in The Citizen dated 10 March 2011, Bank of Tanzania has refuted rumors that it was withdrawing the new family of notes (B139a – B143a) that it had just introduced on 1 January. Apparently there have been widespread complaints that the new notes are of inferiorRead More…
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…
Like the barn swallow on the back of one of my favorite Estonian banknotes (B231a) shown above, the kroon will fly away on 1 January 2011 as Estonia joins 16 other countries which have traded their own individual currencies for the common euro. Kroon, we’ll miss you! Read More…
The State Bank of Pakistan has informed the public that it will demonetize old 500-rupee (US$5.85) notes as of 1 October 2011. The old notes (B227), which were introduced in April 1986, have been replaced with new notes (B236) originally issued in 2006. Read More…
On 25 November 2010, the Central Bank of Jordan announced it has a new governor. Faris Sharaf, who replaces Dr. Umayya Toukan. As a result, we may expect to see new signature varieties issued shortly. Courtesy of Mahdi Bseiso.Read More…
Live Mint has posted an interesting article on banknote production in India.Read More…
On 15 July 2010, India’s Union Cabinet approved a symbol for the rupee which is a combination of the Roman “R” without the vertical stroke and the Devnagri letter “ra.” The symbol was designed by Bombay IIT postgraduate D Udaya Kumar. A finance ministry official said the government is notRead More…