According to a US Government Accountability Office report dated 4 March 2011, the US could save $5.5 billion over 30 years by replacing the 1-dollar banknote with a coin because coins last longer in circulation. This is the fourth time the GAO has made this recommendation in the past two
Here’s an interesting article in the 1 January 2011 issue of the Philippine Daily Inquirer by Daxim Lucas entitled “The peso’s makeover from an insider’s view.”
According to an article on Panorama Numismático, the printing of Guatemla’s new 5-quetzal (US$0.60) note has been awarded to the Canadian Bank Note Company, with the new polymer notes expected to be issued in the second half of 2011.
In a Manilla Bulletin article dated 17 October 2010, Bangko Sentral ng Pilipinas is said to be close to awarding the contract to print new notes to Oberthur Technologies of France. However, it has earlier been reported that De La Rue would produce the plates for the new notes (for
Live Mint has posted an interesting article on banknote production in India.
The following is the full text of a press release dated 25 May 2010: A new family of banknotes from Scotland’s Clydesdale Bank was one of the outstanding winners at the International Association of Currency Affairs’ (IACA) Excellence in Currency Awards, sponsored by ‘Currency News’. A high calibre of entries
Four Corners has produced a documentary, Dirty Money, that explores how the central pillar of Australia’s financial system, the Reserve Bank, became ensnared in an international bribery scandal related to its polymer substrate subsidiary’s attempts to gain contracts around the world. Courtesy of Kai Hwong.
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,
According to an article in The Citizen dated 21 March 2009, the Bank of Tanzania confirmed that Sh34 million (US$26,000) in “calibrated” bills was stolen in transit from Germany to Dar es Salaam. Bank of Tanzania Governor Benno Ndulu refuted earlier media reports that the stolen money was a consignment
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 family