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 dated
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.
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.
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 inferior
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 Ugandan
Live Mint has posted an interesting article on banknote production in India.
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 not