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Banknotes

Optimising cash supply

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

Banknote Watch SA launched

A new organisation, called Banknote Watch SA, has been launch in South Africa to prevent cash-related crime in the run-up to the FIFA 2010 World Cup in the country.

Papua New Guinea's Kamit praises polymer

The benefits of polymer banknotes are their cost-effectiveness, durability and greater ability to withstand counterfeiting, said Wilson Kamit, the governor of the Papua New Guinea.

Czech banknote wins prize

The International Association of Currency Affairs, an industry body, has announced that the Czech National Bank (CNB) was the runner-up in its Banknote of the Year award for the 1000-krone banknote, issued in April this year.

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.

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