India’s demand for high-denomination notes increases
India’s booming economy has pushed up demand for 500- and 1,000-rupee notes by approximately 20 and 50 percent, respectively, with the volume of almost all other denominations remaining steady. The cost of printing currency has more than doubled to Rs20 trillion during 2006-07, with the business split between Security PrintingRead More…
Australia Reserve Bank annual report findings
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 19Read More…
Philippines buys two “superline” note printers
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 asRead More…
Nepal issues new 500-rupee note without king’s image
, In addition to the Rs500 (which has an initial print run of 20 million notes), the NRB is preparing to issue new 50- and 100-rupee denominations in mid-2008 that also remove King Gyanendra’s name, image, and royal symbols. The new Rs500 still has the king’s portrait as watermark becauseRead More…
Mauritius announces new banknote design contest
On 25 September 2007, Manou Bheenick, governor of the Bank of Mauritius, announced a design competition for a new family of banknotes to be issued in 2009 to celebrate the bank’s 40th anniversary. Under the theme of “Banknotes—Mirrors of our Motherland,” this eighth series of notes should relate to theRead More…
Cape Verde new 1,000-escudo note (B214a) confirmed
B214 (P70): 1,000 escudos (withdrawn 19.02.2020) Purple, blue, green, and yellow. Front (vertical): Portuguese text; writer and professor António Aurélio Gonçalves; medallion made of dragon tree leaves; hand with pen registration device; holographic inkwell with quill. Back (vertical): Portuguese text; landscape of Chanzinha on the island of São Nicolau, includingRead More…
United States unveils new 5-dollar note design
5 dollars (US$5), 2006. Unveiled September 20, 2007. To be issued in “early 2008.” Green and light purple. Enlarged portrait of Abraham Lincoln. Wmk of large 5 to right of portrait, wmk of column of three smaller 5s to left of portrait. Security thread with repeating USA and 5 repositionedRead More…
Estonia new 25-, 100-, and 500-kroon notes (B229b, B230a, B231a) reported
On 19 September 2007, Eesti Pank announced that it would release into circulation renewed 25-, 100-, and 500-kroon banknotes during the next six months. The new 100-kroon (US$9) notes will be put into circulation at the end of 2007; the stock of 25- and 50-kroon banknotes will be renewed atRead More…
Iran considering knocking three zeros off the rial
On 11 September 2007, Iran’s central bank governor, Tahmasb Mazaheri, admitted that the bank is examining a proposal to knock three zeros off the rial to increase economic confidence and reduce the number of banknotes necessary to conduct cash transactions. Since the Islamic revolution of 1979, the exchange rate ofRead More…
Mexico new 20-peso polymer note (B704a) confirmed
B704 (P122): 20 pesos (US$1.50) Blue, red, and green. Front: Spanish text; stylized bird in flight; balance scales and open book; 26th president, Benito Pablo Juárez García; map of Mexico as registration device. Back: Spanish text; map of Mexico; bank seal; jewelry; Zapotec ruins at Monte Albán, Oaxaca; mask ofRead More…