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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...