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…
Bangko Sentral ng Pilipinas (BSP) has unveiled a new logo which will be included in the new generation of banknotes by December 2010. The following description comes from the bank’s web site: The new BSP logo is a perfect round shape in blue that features three gold stars and aRead 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…