NEWS

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...

COMMEMORATIVE 10 KUNA BANKNOTE GOES INTO CIRCULATION

29 May 2014 Source: CROATIAN NATIONAL BANK   On the occasion of the 10th anniversary of the introduction of the kuna as the monetary unit of the Republic of Croatia (30 May 1994 – 30 May 2004), the Croatian National Bank is putting into circulation on 24 May 2004 a commemorative 10 kuna banknote and an issue of regular 1 kuna coins, bearing the date “1994-2004”. The new 10...

Scotland to Issue New 5 Pounds Polymer Commemorative Banknote in 2015

23 May 2014 Source: Tom Chao’s blog: Some Interesting Facts About Paper Money   Scotland’s Clydesdale Bank will issue two million £5 polymer plastic banknotes in March 2015 to commemorate the 125th anniversary of the opening of Forth Bridge and also to celebrate the bridge’s nomination for the UNESCO World Heritage List in 2014. The note also features a portrait of Sir William Arrol, whose company constructed the bridge among...

Jane Austen Banknote

24 July 2013, Bank of England   At a press conference at Chawton House on 24 July 2013, Bank of England Governor, Mark Carney, confirmed that Jane Austen will appear on a forthcoming Bank of England banknote: the next new character following Sir Winston Churchill.    The Governor said: “Jane Austen certainly merits a place in the select group of historical figures to appear on our banknotes. Her novels have...