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
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 19
According to Inquirer.net, the Bangko Sentral ng Pilipinas (BSP), has spent P4 billion (US$89 million) on two “superline” printing machines so it will not have to outsource the printing of banknotes. Two years ago, a European printer supplied 80 million 100-peso notes on which President Gloria Macapagal-Arroyo’s was misspelled as
According to a 15 August 2006, article in The Manila Times, the Bangko Sentral ng Pilipinas (BSP) will cease outsourcing the printing of bank notes in 2007 in the wake of an embarrassing mistake made public last November. In an attempt to ensure a sufficient supply of 100-piso (US$1.95) bank