Currency
Book notes: Democratizing Money?, by Beat Weber
This is a timely book about ‘how money really works’
UK’s Link implements new fees in bid to halt ATM closures
Subsidy paid by banks to cash machine operators rises to up to £2.75
Fed launches banknote app for children
App provides details of security features, mimicking raised intaglio print through vibrations
Innovation prompts firms to hold more cash – IMF paper
Firms must hold enough liquidity to insure against risky research and development
Private mints to help with £1 overseas distribution
Royal Mint will provide blanks for overseas territories but design and distribution is responsibility of individual regions
Central Bank of Kenya intervenes amid coin confusion
No limits on coin distribution, central bank says, following reports initial caps remain in place
Nepalese central bank seeks Indian help over large denomination notes
Nepal Rastra Bank asks RBI to permit new Indian notes to be used as legal tender
Book notes: EuroTragedy, by Ashoka Mody
The former International Monetary Fund insider elegantly tells the story of the creation of the currency that has defied economics, warning that it could get “worse, much worse”
Iran to cut four zeros from currency
Currency continues to depreciate, inflation climbs and growth slows
New Zambian banknotes cause trouble for ATMs
Central bank advises public to deposit new notes at banks due to a delay in ATM calibration
Hong Kong’s new banknotes get design facelift
For the first time, the design of the notes will share a unified theme; the notes will not be printed on polymer due to security feature integration
RBA authors try to estimate banknotes’ whereabouts
Information is sparse on the period between a banknote’s issuance and its destruction
The euro: a troubled third decade?
Italy’s pact-busting budget highlights ongoing eurozone frailties
Bank of Mexico opens second banknote printing plant
Existing facility has reached capacity and cannot keep up with banknote demand, says governor
West African single currency plans move towards lift-off
Ecowas community launches competition for design of new currency aimed at strengthening trade and growth within the region
BoE launches comms push as it seeks face for £50 note
Central bank seeks boost to public engagement from nominations and ‘Future Forum’
Dollar strength drives yuan to lowest level in a decade
Higher US rates are narrowing interest rate differential as Chinese growth weakens
Riksbank says all banks should be ‘obliged’ to continue cash services
Central bank goes “a step further” in ensuring government legislation keeps cash alive in Sweden
Australia to launch new $50 note
Successful transition to new $5 and $10 notes opened door for most circulated note
Kenyan central bank gets green light on banknotes from court
Court of Appeals rules in favour of central bank on tumultuous banknote tender, clearing the way for De La Rue
UK to retain highest denomination note
Central bank says new £50 will be printed on polymer; low-value coins also set to stay
What is driving the drop in UK cash volumes?
The volume of cash in circulation in the UK has declined for the first time since 1960. Is this a sign the UK is moving towards a cashless society? Or just a blip in the trend?
What is the future of banknotes?
Antti Heinonen searches for clues on the future of banknotes at central banks worldwide