Coins
ECB slams banks over cross-border payment charges
The European Central Bank on Feb. 8, 2001 accused commercial banks of persistently overcharging retail customers for cross-border payments and said it may have to step in unless fees are cut substantially this year. The ECB said in its February report…
Bank of Korea says fake note cases doubled in 2000
Due to the fast spread of computer scanners and colour printers, the number of note forgery cases more than doubled in 2000, the Bank of Korea said on Feb 8, 2001.The number of note counterfeiting cases jumped to 160 in 2000 from 68 cases in 1999, the…
Belgium finalises euro note, coin switchover plans
Belgium announced on Feb 6, 2001, its final plans for the switch to euro notes and coins in 2002, a mammoth logistical task which is set to mobilise all 12 euro zone countries in the second half of this year. Belgium's "Euro Commission" said banks and…
Cash launch to boost public support for euro-Noyer
European Central Bank Vice President Christian Noyer said on Feb. 2 that public support of the single currency would grow with the introduction of euro notes and coins from January 1, 2002. Echoing earlier comments from other ECB officials, Noyer said it…
New ECB website on introduction of euro notes, coin
The European Central Bank on Feb. 1, 2001, unveiled a new website as part of its campaign to prepare the public in the 12 euro-zone states for the introduction of notes and coins from January 1, 2002.The website, with the address www.euro.ecb.int, has…
Armenian cbank issues celebratory banknotes
Central bank of Armenia plans to put into circulation jubilee banknotes with denomination of 50,000 AMD (more than $90), said Gevorg Tumanyan, the Head of CBA Department on emission transactions and monetary reserves. The new banknotes are to celebrate…
German treasury loses out over euro seigniorage
According to the German economics institute IFO, the introduction of the euro coins and banknotes at the beginning of 2002 will cause a financial loss to the German treasury of DM60bn.
England revised £10 banknote
The Bank of England has issued a revised design £10 banknote with similar changes which were applied to the £20 note last year.