Currency
RBI to use post offices for coin distribution
INDIA - The Reserve Bank of India is planning to distribute coins in exchange of currency notes through post offices and even railway counters, the Hindu newspaper reports. The decision is part of its efforts to bridge the gap between excess demand from…
RBI group okays e-money
INDIA - The RBI Working Group on electronic money has said that e-money could be used as a substitute for the central bank notes and coins even though it would not be "desirable" to place any limit on storing monetary value in e-money.
Euro did cause price prices - Eurostat
GERMANY - The changeover to euro banknotes and coins might have added as much as 0.2 percentage points to eurozone inflation in the first half of this year, Eurostat, the European Union's statistical agency, said on Wednesday.
Hits and myths of Europe's new currency
ARTICLE - One industry lost out from the introduction of euro notes and coins six months ago: the doom-mongers, reports Monday's FT in London.
Coin collectors feeling short-changed in Ireland
IRELAND - Coin collectors seeking Irish euro coins have run into difficulties obtaining the new currency from the Central Bank.
Russia issues world cup commemorative coins
RUSSIA - The Central Bank 5 May will introduce commemorative gold and silver coins in denominations of 3 and 50 rubles to commemorate this summer's World Cup football (soccer) finals in Japan and South Korea.
No note solution to fake coins in Hong Kong
HONG KONG - The Hong Kong Monetary Authority appears reluctant to re-introduce the printing of HK$10 notes, despite a surge in counterfeit HK$10 coins last year.
New Azeri coins commemorate medieval poet
AZERBAIJAN - The National Bank of Azerbaijan has issued two types of gold and silver commemorative coins of a face value of 100 and 50 manats respectively.
10 won coins to become less visible
SOUTH KOREA - The Bank of Korea (BOK) said on Tuesday that fewer 10 won coins will be available in the Korean market this year.
Colombia central bank launches new COP1,000 bill
COLOMBIA - Colombia's central bank on Tuesday launched a new 1,000 peso bill ($1=2271.50) to complement the coins of that denomination in circulation already.
UK could join euro in less than 2 years
UK - Britain could introduce euro notes and coins less than two years after a single currency referendum, Peter Hain said on Tuesday.
Russian Duma turns down precious metals coins bill
RUSSIA - Russia's State Duma, the lower chamber, turned down Friday a bill allowing circulation of coins made of precious metals as the legal tender along with the banknotes and coins issued by the Central Bank of Russia, or CBR.
ECB Press Release
PRESS RELEASE - ECB recognises partners' valuable contribution to the smooth introduction of the euro banknotes and coins 5 February.
ECB head predicts harmonisation call
EUROPE - Wim Duisenberg, European Central Bank president, yesterday forecast the introduction of euro notes and coins would lead to public demand for more harmonisation in the European Union, with particular focus on taxes.
Singapore's MAS to issue currency notes, coins
SINGAPORE - The Monetary Authority of Singapore (MAS) will expand its responsibilities to include the issuance of currency notes and coins from March next year, officials said Wednesday.
Let pounds and euros compete
ARTICLE - For well over a decade there has been a ceaseless political battle over whether Britain ought to join the euro. The introduction of euro notes and coins at the beginning of this year has raised the decibel level of the controversy but has not…