NEWS

Norway’s New Banknote Series: “The Sea”

Source: Norway’s central bank (Norges Bank)  Press-release: 7 October 2014  http://www.norges-bank.no/en/Published/Press-releases/2014/Press-release-7-october-2014/ In spring 2014, a competition was held for the design of motifs for the new banknote series. The purpose of the competition was to arrive at a proposal that can be the artistic basis of the new design. Norges Bank’s Executive Board has decided that the theme of Norway’s new banknotes will be “The Sea”. The obverse sides...

A modified version of Japan’s 5000 yen note entered circulation

Source: Japan Today: http://www.japantoday.com A hologram, which shows different images and colors depending on the angle at which they are viewed, is seen on the new 5,000 yen banknote during the unveiling ceremony at the National Printing Bureau in Tokyo on May 8, 2014. The new 5,000 yen note contains high-tech anti-forgery features and enhanced convenience for visually impaired people. Photo: http://www.japantoday.com/category/picture-of-the-day/view/new-note  

New €10 banknote starts circulating today, September 23rd 2014

Source:  2014 euronews: http://www.euronews.com;   http://www.new-euro-banknotes.eu/ Today, September 23rd 2014 the Eurozone gets a new 10 euro banknote with enhanced security features and a fresher look. To mark the occasion and to raise awareness of the new note, a social media competition called “Selfie with the new €10” is being held on Twitter and Instagram from 23 September until 30 November 2014. Several security points have been added to the new...

The Central Bank of Turkmenistan issues new banknotes

Source: http://www.turkmenistan.ru/ The Central Bank of Turkmenistan has issued new banknotes in denominations of 1, 50 and 100 Manat of 2014 modification with the view of strengthening the security features and improving the visual elements of protection of the national currency. As a whole, color and design of the banknotes remained the same. The watermark on new banknotes displays the images of historical figures, such as Togrul Beg Turkmen...

Hungary Banknotes to Get Revamp

Source: Daily news Hungary http://dailynewshungary.com/  Budapest, September 1 (MTI) – The National Bank of Hungary (NBH)  announced it would revamp the banknotes it issues in 2014-2018. The new banknotes will be harder to counterfeit The 10,000 forint bill will be the first one to get a facelift. The new bill will be legal tender from Tuesday (September 2), but will not come into broad circulation until December. The old...

BGN 2 Banknote Replaced with Coin in 2015

Source: Sofia News Agency: novinite.com The paper note of BGN 2 will be replaced with a coin in 2015, according to Bulgaria’s National Bank sources cited by Standart News. The new coin will be made of two metals just like the BGN 1, but unlike it the inner part will be yellow and the outer circle will be white. The BGN 2 coin will be slightly larger and will...

The first woman to sign Canadian currency

Source: The Bank of Canada; BiC (businessincanada.com) The Bank of Canada published a picture of bills donning signature of newly installed senior deputy governor Carolyn Wilkins. Ms. Wilkins is the SDG of the Bank of Canada for a term of seven years beginning 2 May 2014. She replaced senior deputy Tiff Macklem, who left the bank May 1 to become head of the University of Toronto’s business school. She is...

The new 500 Syrian pounds banklnotes released

Source: SANA – Syrian Arab News agency The Central Bank of Syria (CBS) put in circulation a new banknote of 500 Syrian pounds on Sunday, 20-07-2014 . Governor of the bank Adib Mayala said that the new notes will be circulated along with those currently in use for a certain period of time. The old notes will be gradually withdrawn from the market. The new issue of notes comes within...

Eurasian Economic Union plans to adopt common currency unit

Source: ITAR-TASS News Agency; futuristrendcast.wordpress.com The Eurasian Economic Union of Russia, Belarus and Kazakhstan might adopt it’s a common currency unit, Altyn. Altyn was the name of the ancient gold coin once used by Russians extensively for trade with Turkic and Arabic neighbors. Later, in medieval times, altyn, or  “altynnik,” became one of the regular Russian coins. The  Altyn as the new Eurasian currency has been originally planned for 2025, but...

THE EURO COMES TO LITHUANIA

Source: The Official Website of ECB  *Our Money* On 23 July 2014 the Council of the European Union approved Lithuania’s request to join the euro area on 1 January 2015. The irrevocably fixed exchange rate is €1= LTL 3.45280. Lithuania will be the last of the three Baltic States to adopt the euro, after Estonia (2011) and Latvia (2014) and the 19th member of the currency union from the start...