Currency
Nigerian central bankers accused of banknote ‘mega scam’
Six accused of taking more than $25 million worth of old banknotes that were meant to be destroyed; Economic and Financial Crime Commission says they will ‘face the wrath of the law’
Malaysian deputy unveils ‘ink-staining’ technology for ATMs
Muhammad bin Ibrahim says ATMs have been ‘frequent target’ for criminals in recent years; new technology will stain notes with indelible ink if machine is being robbed
Public to vote on design of €2 commemorative coin
Eurozone residents invited by European Commission to pick one of five designs for a coin marking the 30th anniversary of the EU flag; partly a tool for raising awareness of economic governance
Growth in banknote circulation drops in Namibia after ATM mandate
Annual report shows central bank mandated banks to re-calibrate their ATMs to better balance the dispense of banknotes to the market, lowering the rate of banknote issuance
Riksbank sees payments challenges ahead
Annual report notes growing interest in digital forms of payment is leading to declining income from seigniorage; new banknote series to enter circulation in 2015
Former ECB banknotes director describes 'arduous path' to Europa launch
Antti Heinonen details the challenges and occasional mishaps in delivering a ‘quantum leap’ in eurozone banknote designs, with the latest new note to be issued later this year
New Australian banknotes to feature 'embossed bumps'
RBA to become second central bank to emboss polymer banknotes with 'bumps', making it easier to feel the difference between denominations
British minister brands Argentina’s new Falklands banknote a ‘stunt’
The Central Bank of Argentina has issued a new 50 peso banknote featuring the Falkland Islands, which sparked criticism, with a British minister branding it a ‘stunt’
Angolan central bank rejects public designs for new coins
Applicants failed to meet the requirements of the competition launched for the design of two new coins. The National Bank of Angola will now develop the motifs of the 50 and 100 kwanzas
Coins and notes with same value to circulate in Angola
Angola’s central bank will issue two new coins in November, of 50 and 100 kwanzas, which will circulate with equal denomination banknotes
Banknote and currency services provider of the year: Innovia Security
A consistent, collaborative approach in a wide range of countries, including Canada and the UK, has enabled the polymer pioneer to stay ahead of its peers on banknote service provision
National Bank of Denmark to outsource production of banknotes and coins
The National Bank of Denmark will outsource all of its printing and minting services to an external supplier in 2016, with an estimated saving of $17 million by 2020
National Bank of Belgium to close half its remaining branches
Belgian central bank reveals plans to close its branches in Mons and Hasselt in 2016, which are predominantly involved in processing cash
Uzbek central bank launches mobile app to meet ‘growing needs’ of online audience
Users can view specimens of banknotes and coins and check the latest exchange rates; central bank expects it to be ‘popular’ among 3,000 people who visit website each day