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Banknotes

Iran issues high-value notes, hints at reform

The Central Bank of Iran is swapping high-denomination paper notes for private banks' promissory notes in a bid to exert tighter control over the country's money supply as it plans broader currency reforms.

UK counterfeit seizures fall for 3rd straight year

The number of counterfeit banknotes in circulation confiscated by the British authorities plummeted by almost a quarter last year. The total face value of counterfeit notes found also fell by a similar degree.

Number of euro counterfeits rise

The number of counterfeited euro banknotes in the second half of 2007 shows an increase when compared to the two preceding half-year periods.

Fed unveils new $5 bill

The Federal Reserve, the American central bank, today unveiled a new, more secure design for the $5 banknote that will be issued and enter circulation in early 2008. A new $100 bill will follow.

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.

Yam on Hong Kong's new polymer note

In his weekly column, the HKMA's chief executive, Joseph Yam, lists the reasons why the central bank is trialing a $10 polymer note and what results it is looking for.

Holograms keep currency real

A special report by the US National Research Council entitled "A Path to the Next Generation of US Banknotes: Keeping them Real," suggests that holograms have a definitive role in combating banknote counterfeiting.

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