NEWS

KRW 2,000 notes to commemorate PyeongChang Olympic Games

Source: Korea Net The Bank of Korea will issue 2.8 million sets of commemorative KRW 2,000 bills by the end of 2017, to promote the upcoming sporting event – Winter Olympic Games. South Korea is the host country of the 2018 Winter Olympics Games which will take place in PyeongChang, some 180 kilometers east of Seoul in Gangwon Province, and other venues in the country, from Feb. 9 to...

Venezuela pulls 100-bolivar note from circulation to ‘beat mafia’

Source: BBC News: 12 December 2016 The Venezuelan government has announced it will remove the country’s highest-denomination banknote from circulation within 72 hours to combat contraband. President Nicolas Maduro said the move would stop gangs hoarding the notes. The gangs held more than 300bn bolivares worth of currency, most of it in 100-bolivar notes. President Maduro said there were “entire warehouses full of 100-bolivar notes in the Cucuta,...

Venezuela’s Central Bank Announces New Banknotes and Coins

Source: Banco Central de Venezuela  (Press Release dated 7 December 2016); Venezuela Analysis Venezuela’s Central Bank (BCV) has announced that it will progressively begin to circulate nine new higher denomination notes and coins as of December 15. The new Bolivar notes will include 500, 1,000, 2,000, 5,000, 10,000 and 20,000 bills, while the new coins will be 10, 50 and 100 Bolivar denominations. Venezuela’s current highest value banknote is 100 Bolivars.

Viola Desmond has been selected to be featured on Canada’s next regularly circulating $10 bank note

Source: Bank of Canada, Press Release 8 December 2016 The selection of Viola Desmond is the final step in the campaign to choose an iconic Canadian woman to appear on this new bank note. Last spring, an open call for nominations launched by the Bank yielded more than 26,300 submissions from across Canada. A total of 461 iconic Canadian women met the initial qualifying criteria and an independent Advisory Council followed the selection process to produce a...

The National Bank of the Kyrgyz Republic will issue modified banknotes Series IV

Source: National Bank of the Kyrgyz Republic The National Bank of the Kyrgyz Republic informs that from January 1, 2017 will issue the modified banknotes of the national currency of the nominal value of 200, 500 and 1000 soms. The modified banknotes of the national currency series IV will act along with the previously released into circulation banknotes. All banknotes of the national currency have an official means of...

Meet Norway’s New Banknotes

Source: Norges Bank – PRESS RELEASE, NEW BANKNOTE SERIES 2016-11-22 Today, November 22nd Norway’s new banknotes will be on public display for the first time. The first denominations will be put into circulation in summer 2017. For the first time in history  Norwegian banknotes will not feature portraits. Instead, the new notes all reflect a common theme: “The Sea”. A traditional, iconic design features on the front of the new...

Kazakhstan issues 10,000 tenge bill featuring Nursultan Nazarbayev’s image

Sourse: Reuters; The Crusader Journal Kazakhstan’s central bank unveiled a new banknote on Tuesday, Nov 15  featuring the portrait of President Nursultan Nazarbayev. “All Kazakhstan’s achievements since independence are inextricably linked to the First President of the Republic of Kazakhstan Nursultan Nazarbayev,” national bank chairman Daniyar Akishev told a news conference in the capital Astana. The 10,000 tenge bill will enter circulation from December 1 to commemorate the 25th anniversary of...

India: Rs 500 & Rs 1000 Currency Notes Now Illegal. RBI To Issue New 500 and 2000 Rupee Notes From Thursday, November 10

Source: BBC News – 9.11.2016;   NDTV Indian Prime Minister Narendra Modi has announced that the 500 and 1,000 rupee banknotes will be withdrawn from the financial system overnight. The surprise move, announced on Tuesday evening (8 of Nov 2016), is part of a crackdown on corruption and illegal cash holdings. The 500 and 1,000 rupee notes are the highest denomination notes in the country and are extremely common in India. Airports,...

The National Bank of Macedonia Introduces new banknotes in denominations of 200 and 2,000 Denars

Source: Independent – Macedonian News Agency; NBRM As of December 15, the National Bank of the Republic of Macedonia (NBRM) will release banknotes of MKD 200 and MKD 2,000 and withdraw the MKD 5,000 banknote from circulation. NBRM says the issuance of these banknotes results from the perceived need for rebalancing of the existing structure of banknotes in circulation. “The existing structure of banknotes, introduced in 1996, has not...

Royal Bank of Scotland issued its first polymer note on Thursday, October 27th

Source: RBS ;  Daily Record The Royal Bank of Scotland Group (RBS) has launched its first polymer note with a new £5 note entering general circulation on Thursday, October 27th. The £5 features illustrations of Scottish poet Nan Shepherd and is part of a new series of ‘Fabric of Nature’ themed notes, and the back features two mackerel – the most valuable stock for the Scottish fishing industry – as well...