According to a VNBusinessNews.com article dated 02.12.2009, Nguyen Ngoc Bao, the director of the Monetary Policy Department, has denied rumors that the State Bank of Vietnam plans to issue 1,000,000-dong (US$54) banknotes. At present the largest denomination in Vietnam is the polymer 500,000-dong note (B348, shown above). Courtesy of ThomasRead More…

According to a Gulf News article dated 16 December 2009, Gulf Cooperation Council (GCC) leaders concluded their annual two-day summit with an agreement to form a monetary union, paving the way for a single currency for Bahrain, Kuwait, Qatar, and Saudi Arabia; Oman and the United Arab Emirates opted out.Read More…

According to an article on Haaretz.com, over the next two years the Bank of Israel will issue new banknotes featuring portraits of Zionist visionary Theodor Herzl and three former prime ministers: David Ben-Gurion, Menachem Begin, and Yitzhak Rabin. The bank has decided against issuing a proposed NIS 500 (US$132) denomination.Read More…