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Counterfeit Banknotes Detected in July 2014

Counterfeit $20, Serial No. JJ 12211595 А Simulated $20 note of 2009 series Alphanumeric Fed bank index – J10Check letter & quadrant no. – F4Check letter & face type-plate no. – F2Back type-plate no. – 40 According to the RIM Criminal Expertise Center, 1 fake was detected in Moscow.   Counterfeit $100, Serial No. FF 94387264 А Simulated $100 note of 1996 series Alphanumeric Fed bank index – F6Check letter... Read more

CBR Promise to Issue Crimean Banknote

Georgy Luntovsky, 1st Deputy CBR Governor, said the bank plans to issue a commemorative note on Crimea's annexion. According to him, the note will be from the existing denom range. On the sidelines of the XXIII International Banking Congress, he admitted the likelihood of CBR issuing it this year. There'll be a tender for the new note design. As Luntovsky stressed, Russia will have no RUB 10,000 note in circulation in the near future. In mid-June, CBR Governor Elvira Nabiullina was... Read more

ICCOS: Discount Registration before 31 July

InterCrim-Press Publishers and Currency Research invite you to attend the 5th ICCOS EMEA, the Cash Cycle Seminar due in Milan on 24–27 February 2015. Do you want to keep on raising efficiencies of the following cash management areas?  Cash processing ATM accessibility Optimization of supply & demand prediction system Cost of cash processing at branches Banknote recycling Outsourcing specifics Banknote authentication FX management Circulating banknote quality... Read more

Singapore to Withdraw Highest Denom

On 2 July, Ong Chong Tee, Deputy Managing Director of the Monetary Authority of Singapore (MAS), announced, at the Financial Crime Seminar by the Association of Banks in Singapore, the 10,000 Singapore Dollar as the highest denom will no longer be produced since 1 October 2014. This resolution comes from MAS efforts to mitigate money laundering risks. As of now, this note is one of the costliest on earth with the par at about $8,000, making it very attractive for financial fraudsters.... Read more

Spain to Mint Redesigned Coins

On 19 June, after the abdication of King Juan Carlos I who had ruled the country since 1975, Spain's throne went over to his son, Felipe VI. To commemorate this event, the Royal Mint of Spain is designing circulatory € coins with the new sovereign's portrait to be issued next year. No exact date for the new coin series release has been specified... Read more

Counterfeit Banknotes Detected in June 2014

Counterfeit $100, Serial No. AB 21511389 N Simulated Fed $100 banknote of 1996 series Alphanumeric Fed bank index: B2Check letter and quadrant no.: D4Check letter and face type-plate no.: D182Back type-plate no.: 84 According to the RIM CEC, 9 fakes were detected in Moscow, St. Petersburg, Nizhny Novgorod Region, Tver Region, and Bashkortostan Republic.   Counterfeit $100, Serial No. HB 57319321 H Simulated Fed $100 banknote of 2006 series FaceAlphanumeric Fed... Read more

RUB Redesign

On 16 June 2014, the CBR Press Office announced a release of RUB 1 coin "Ruble Symbol" under an issuance program. The new circulatory coin was minted in 100m pcs. Technically, the coin is identical to the currently circulating RUB 1 coin of 1997 (2009 mod). The coin was redesigned: the reverse center features a relief ruble symbol, inscription "РУБЛЬ", and a styled floret as a curved branch with interwoven stalks. The coin is legal tender in Russia along with the 1997 coin and must... Read more

New RUB 5,000 Counterfeit

CBR hereby informs professional cash handlers of a new type of the 1997 RUB 5,000 counterfeit banknote on record with Russian cash circulation. The detected note has Serial No. вм... Read more

US Visually Impaired to Get Dollar Authenticator

BEP have developed iBill, a device to help the visually impaired and blind authenticate and identify banknotes. From 2015 on, it'll be freely distributed among US citizens with eyesight problems. The program's cost is estimated at $15M. To date, US banknotes have no special marks for easier banknote usage by the visually impaired. This fact even led to a lawsuit by the American Foundation for the Blind against the Treasury. Then BEP promised to introduce special marks on new banknote... Read more

Hryvnia Becomes FX in Crimea

Since 1 June 2014, the Hryvnia is no longer legal tender in the Republic of Crimea and Sevastopol. The Ruble and Hryvnia were earlier due for parallel circulation till 1 January 2016. Crimeans could exchange cash from the Hryvnia to the Russian Ruble till 1 June at the official rate, afterwards the Hryvnia is exchanged at a rate set by commericial banks operating in Crimea. To help Crimeans study the new official currency and protect them from counterfeiters, CBR are running an... Read more

Hryvnia Signed by New NBU Governor

The National Bank of Ukraine decided to issue banknotes with the signature of its new Governor Stepan Ivanovich Kubiv. The 100 Hryvnia issuance was launched on 1 June. UAH 50 with changed details will be in circulation since 1 August, UAH 500 since 1 September, and UAH 200 since 1 October 2014. According to NBU, they mean scheduled issuance to replace unfit notes withdrawn from circulation. The design and security features of the new notes will remain... Read more

Monthly Newsletter Banknotes of the World #6, 2014

The June 2014 issue of BoW presents its readers with important and interesting information from the cash circulation industry and more! Early this April, Washington, DC hosted Banknote 2014, a major cash cycle conference with experts and professionals from all over the world. We keep on reviewing the most urgent and engrossing presentations of this event and offer the outcomes of Moscow conferences on banking equipment and IT. This issue features: Speeches by the representatives of the Fed,... Read more

$1 Changing Details

This April, US cash circulation saw first 2013 $1 banknotes signed by the new Treasurer, Jacob Lew, and printed with SOI machines by KBA Giori Inc. The new printing equipment features high output (~10,000 sheets an hour) and 50 banknotes on a printed paper sheet, while older I-10 machines for US note production use paper with 32 banknotes on. Banknotes printed with the old machines form 4 columns and 8 rows on a sheet, divided into 4 quadrants. Each note's location on a sheet is... Read more

Counterfeit Banknotes Detected in May 2014

Counterfeit $100 Banknote, Serial No. HF 55678965 D Imitated $100 of 2006 series Alphanumeric Fed bank index: F9Check letter and quadrant no.: A3Check letter and face type-plate no.: A81Back type-plate no.: 3 According to the RIM FC, the fake was seized in Irkutsk Region.   Counterfeit $100 Banknote, Serial No. HB 25591443 B Imitated $100 of 2006 series Alphanumeric Fed bank index: B2Check letter and quadrant no.: С4Check letter and face type-plate no.: С79Back... Read more

5,000 Yens for Visually Impaired

On 12 May 2014, the Bank of Japan reissued the ¥5,000 banknote with redesigned tactile features for easier note usage by the visually impaired. According to the bank's press release, the main difference of the new note from the old-design note (2004) is the design of the transparent film coating the hologram in the lower left corner on the face. It's turned 1.7 times bigger, also from ellipsoid to rectangular. By touch, the transparent film differs from other note surface areas. Now by... Read more