According to a press release dated 24 November 2020, the new Saudi Central Bank Law changes the name of the Saudi Arabian Monetary Authority to the Saudi Central Bank which will continue to use the acronym “SAMA” due to its historic significance and relevance locally and globally. The banknotes andRead More…
BBC News has an interesting article about the cultural controversy concerning Arabic script on its banknotes. Courtesy of Aidan Work.Read More…
According to an article in La Nación of Buenos Aires dated 11 November 2020, earlier this year the Banco Central de la República Argentina placed orders for 400 million 1,000-peso notes from the Casa de Moeda de Brasil in Rio de Janeiro and Casa de Moneda de Chile in Santiago,Read More…
According to a press release dated 3 November 2020, the Monetary Authority of Singapore plans to discontinue the issuance of 1,000-dollar notes from 1 January 2021 as a pre-emptive measure to mitigate the higher money laundering and terrorism financing risks associated with large denomination notes. Existing notes in circulation willRead More…
According to a press release dated 4 June 2020, the Banco Central de Costa Rica is withdrawing 50-colon notes (B563a) from circulation, though they remains legal tender. The news comes two years after the bank stopped issuing the denomination due to lack of demand for such a high-value note.Read More…
According to a United States Department of State press statement dated 29 May 2020, “The United States commends the Government of the Republic of Malta’s announcement May 26 of its seizure of $1.1 billion of counterfeit Libyan currency printed by Joint Stock Company Goznak—a Russian state-owned company—and ordered by anRead More…
The Moneyness blog has an interesting article explaining Yemen’s dual currency system. Courtesy of Sam Dalton.Read More…
Courtesy of Heinrich Lindner.Read More…
According to a press release dated 1 May 2020, “The Directors of the Bank of Canada, appointed under Section 9 of the Bank of Canada Act, today announced that they have appointed Tiff Macklem as Governor of the Bank of Canada for a seven-year term, effective 3 June 2020. Mr.Read More…
According to a OnlineKhabar article dated 6 April 2020, the Nepal Rastra Bank has named Maha Prasad Adhikari to succeed Chiranjivi Nepal as governor, effective immediately.Read More…