The governor of the South African Reserve Bank, Tito Mboweni, is scheduled to step down in November. Mboweni, the first black man in the formerly racially segregated South Africa to have his signature on a South African banknote, is to be replaced by Gill Marcus, chairwoman of the South AfricanRead More…
On 15 May 2009, State Bank of Pakistan issued all denominations with the signature of the new governor, Syed Saleem Raza, who assumed the post on 2 January 2009. These banknotes are the same color, design, and size as the preceding notes.Read More…
On 3 May 2009, the Sudanese News Agency reported that Sudan’s government said it would print new currency for the Somali government. The finance minister of the Somali government, Sharif Hassan Sheik Adan, met in the Sudanese capital of Khartoum on April 29, to talk with Sudan’s minister for finance,Read More…
According to a BBC News article dated 12 April 2009, Zimbabwe has suspended the use of the Zimbabwe dollar for at least a year following the legalization of foreign currencies (most notably the United States dollar and South African rand). “There was nothing to support the value of the ZimbabweanRead More…
According to a BBC News report dated 29 January 2009, while delivering the annual budget to parliament, acting Finance Minister Patrick Chinamasa announced, “In line with the prevailing practices by the general public, [the] government is therefore allowing the use of multiple foreign currencies for business transactions alongside the ZimbabweanRead More…
According to an article in The Citizen dated 8 January 2009, “The Bank of Tanzania (BoT) plans a major change of the country’s currency notes…The central bank has in a notice published in the media last month, and also posted on its website, invited tenders for the printing of theRead More…
According to a Telegraph article dated 28 November 2008, Allan “Chirpy” Campbell claims the Reserve Bank of Australia gained permission to use the image of celebrated indigenous author and inventor David Unaipon from a woman who was posing as his daughter, and did not obtain authorisation from a genuine familyRead More…
According to the Reserve Bank’s 2007 annual report, the average Australian has 43 banknotes worth $1,900. The $50 banknote accounts for nearly half the value of all notes on issue, and for 43 percent of the number of notes. The $100 accounts for 42 percent of the value, and 19Read More…
Despite previously announcing its intention to eventually convert all its bank note denominations to polymer, the State Bank of Vietnam recently announced it would issue low-denomination cotton notes in the face of strong public opposition to the usage of coins. There is no word yet on exactly what new denominationsRead More…
According to an article in The Baltic Times dated 20 December 2006: “Due to the ever-retreating prospects of joining the euro currency zone, the central Bank of Estonia has announced it will print a new round of bank notes. The currency supply was expected to be phased out and replacedRead More…