According to a Financial Times article dated 15 December 2019, France is reconsidering the French-backed CFA franc used by west and central African states since 1945 but that critics see as a colonial relic. Courtesy of Mark Irwin.
According to a DW article dated 31 July 2019, the Iranian government has approved a plan to remove four zeroes from the rial and rename the currency the toman, a former superunit of official currency that was in circulation until 1925. Iranians have for decades continued to use the term
According to an article in The Guardian dated 3 July 2019, Turkey has fired Murat Çetinkaya, governor of the Central Bank of Turkey from April 2016, replacing him with deputy Murat Uysal. Courtesy of Dennis Zammit.
According to a press release, the Monetary Board announced that Bangko Sentral ng Pilipinas Governor and Chairman of the Monetary Board Nestor A. Espenilla, Jr. peacefully passed away on 23 February 2019 surrounded by members of his family. The Governor, 60, had been undergoing treatment for cancer for more than
According to a press release, Urjit R. Patel has stepped down as governor effective immediately, 10 December 2018, citing “personal reasons.” Patel has been replaced by Shri Shaktikanta Das as of 12 December 2018. Courtesy of Aidan Work.
According to a press release dated 10 September 2018, “Apropos the rumors circulating on social media regarding discontinuation of Rs.5000 banknote, SBP categorically rejects all such rumors and requests the general public to pay no heed to such disinformation. It is further clarified that SBP Act, 1956 clearly defines the
On 6 June 2018, the Cabinet accepted Muhammad bin Ibrahim’s offer to step down as governor of Bank Negara Malaysia. Expect new signature varieties now that Datuk Nor Shamsiah Mohd Yunus has been named as the replacement according to a press release dated 22 June 2018. Courtesy of Aidan Work
According to a press release dated 30 April 2018, the governor of the Bank of England has announced that Sarah John will be the next chief cashier and director of notes beginning 1 June 2018, taking over from Victoria Cleland. Expect new signature varieties to follow.
On 14 March 2018, the National Bank of Ukraine announced that it will stop printing and issuing banknotes of 1, 2, 5, and 10 hryven, and will gradually replace worn notes with coins of the same denominations. Courtesy of Dmytry Nevmyvako.