Currency

Optimising cash supply

Central banks need to take a business minded approach to their cash-supply function, argues Brian Lang

New UK coinage meets lukewarm reception

New coin and banknote designs are almost inevitably greeted with criticism and the first new coin designs for 40 years from the UK's Royal Mint, unveiled on 3 April, were no exception. Historians, designers and MPs have already criticised them.

Sales remain within Gold Agreement Limit

Gold sales by the 16 signatories to the Central Bank Gold Agreement between 27 September 2006 and 26 September 2007 amounted to 475.75 tonnes, 24.25 tonnes shy of the 500 limit, the Bank for International Settlements said on Wednesday.

Venezuela set to publicise new currency

The Venezuelan Central Bank will launch a nationwide campaign to familiarise consumers with its new notes and coins, which will come into circulation at the start of next year.

Slovenia 'well prepared' for euro

Slovenia has entered the final phase of preparations for the launch of the euro on New Year's Day, and is ready for the switchover, a central bank official said Thursday 14 December.

RBNZ runs out of coins in Xmas lead up

Just five weeks after phasing out the old coins, the Reserve Bank of New Zealand has now written to the country's retail banks warning them there will be a shortage of the new 20 cent pieces in the lead up to the busy Christmas period.

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