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How Do Counterfeit AUD Look Like?
Australia's police is warning its citizens of a rise in fake note circulation. According to Daily Mail Australia, this August the number of AUD fakes in New South Wales almost doubled. In July, 41 fake notes were seized, followed by as many as 81 fakes in August. As reported by the police, they're detecting various denomination simulations - mostly AUD 50/100. Some of the fakes are quite easy to spot as printed on paper, while genuine notes feature the polymer substrate. Paper... Read more
Dominician Republic to Issue New Currency in 2014
BCRD to Issue New Banknote Series in 2014 Read more
Lithuania to Become 19th Eurozone Country Since 1 January
On 23 July 2014, the EU Council approved Lithuania's application to enter the eurozone on 1 January 2015. The Lithuanian Lita (LTL) will be exchanged for EUR at the fixed rate of LTL 3,45280 per €1. LTL and EUR will be in parallel circulation for 2 weeks (1-14 January 2015) after which (since 16 January) LTL will cease being legal tender. LTL notes/coins will be exchangable at 330 post offices and some Lithuanian banks till 1 March 2015 at the official rate and without any fee.... Read more
Less Cash in Russia
According to CBR, in H1 2014, cash in circulation was valued 6.3% (almost RUB 523B) less. Now circulating Russian cash numbers 5.91B notes and 58.64B coins worth total RUB 7,792.2B. Notes occupy 99% of total Russian cash volume and only 9% in total monetary unit number. The largest share in total circulating note value (69%) is the highest denom, 25% is the RUB 1,000 note. RUB 5/10/50 notes account for 0.5-%. The RUB 1,000 note is biggest in... Read more
NB! Subscriber Bonus
Dear subscribers! InterCrim-Press Publishers wants to introduce you closer to one of our publications - the Banknotes of the World newsletter allowing you to keep abreast of all developments in the cash cycle, keep track of how the financial world changes, and also recieve complete information about ALL world currencies and counterfeit banknotes seized in Russia. The official information published on the newsletter's pages is provided by central banks (including... Read more
1st UK Polymer Note
Next year, UK have have its first polymer notes. Clydesdale Bank, one of the 3 Scotch commercial banks entitled for note issuance, will issue 2M GBP 5 notes next March. This will be followed by the Bank of England printing the same polymer denoms. The note will feature the Forth Bridge - one of the world's first cantilevel bridges, marking its 125 years in 2015. Besides, next year, the bridge will be nominated for a UNESCO World Heritage Site. The 1st Scotch polymer note will feature a portrait... Read more
CBR Publishes Thematic Commemorative Coin List for 70th Anniversary of V-Day
CBR has released a complete list of commemorative coins of the series "70th Anniversary of Victory in 1941-1945 Great Patriotic War" to be minted in 2014-2015. These RUB 5 coins made of plated steel will enter circulation by next year and feature key War battles: Battle of Moscow Battle of Stalingrad Battle of Caucasus Battle of Kursk Battle of Dnieper Dnieper–Carpathian Offensive Battle of Leningrad Operation 'Bagration'... Read more
Monthly Newsletter Banknotes of the World #8, 2014
The August 2014 issue of Banknotes of the World presents its readers with most interesting information from the cash circulation industry and more! We're announcing the 2015 BoW subscription and presenting new e-products. Conferences & ExhibitsRemote banking (RB) creation and management processes are important stages in banking business launch and development. They optimize costs,attract clients by the usability of various services, and significantly reduce transaction costs. On the... Read more
Monthly Newsletter Banknotes of the World #7, 2014
The July 2014 issue of BoW presents its readers with most 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 reps from the US Secret Service, ECB,... 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
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
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