NEWS

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 The old notes will be gradually withdrawn from the market.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...

Bank of Israel to issue new NIS 50 banknote

Source:  Bank of Israel, Press Release – July 9, 2014 The Bank of Israel reports that the new NIS 50 banknote’s entry into circulation is expected to occur ahead of Rosh Hashanah (Jewish New Year) 5775, which is in September 2014.  This is the first of the new series of banknotes. The new NIS 50 banknote is green, bears a picture of the author Shaul Tchernichovsky, microtext only visible with a magnifying...

IBNS Banknote of the Year 2013

Source: The International Bank Note Society (IBNS) The IBNS Banknote of the Year award is an initiative of the IBNS to recognize an exceptional banknote issued each year. The International Bank Note Society (IBNS) announces that its voting membership has selected the National Bank of Kazakhstan to receive its prestigious “Bank Note of the Year” Award for 2013.  Facing stiff competition from the nearly 50 newly designed banknotes released...

POLAND: New 20 Zloty

29 July 2014 Source: http://www.peoplesfx.com/ *- POLAND: New 20 Zloty: The Centenary of the Formation of the Polish Legions On 5 August 2014, Narodowy Bank Polski is putting into circulation a collector note “The Centenary of the Formation of the Polish Legions” with the face value of 20 zł. The front of the banknote features the image of Marshal Józef Piłsudski. The back of the banknote depicts images of the Grand...

Royal Bank of Scotland 5 Pounds Ryder Cup Commemorative Polymer Banknote

16 June 2014 Source: Tom Chao’s blog: Some Interesting Facts About Paper Money The Royal Bank of Scotland has unveiled the design of a special edition Ryder Cup £5 polymer bank note. The Ryder Cup, which is held every two years, has become one of the world’s most famous sporting events and attracts a global audience. The commemorative bank note, which can be used as normal currency anywhere in the...