Currency News

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Once a month the publishers of Currency News will offer exclusive content from the most recent issue. This is a unique offering from Currency News to the readers of Counting On Currency. We hope you enjoy it!

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Currency News – Highlights from the July 2010 Issue

In the News

India sets up new currency directorate, issues new note fitness guidelines and decides on new currency symbol for the rupee; Estonia gets set to join the euro in 2011; the upgrade for Philippine currency production is back in play as tender process re-opens; euro counterfeit statistics drop for the first time in four years; new central bank on the way for Brunei; Congo’s printworks up for sale; European Commission adopts regulation to dismantle barriers to cross-border CIT services in the eurozone

Comment: Banknote Exports – No More One Way Street

The one-way flow of exports of banknotes, paper etc from West to East is set to change, as burgeoning Asian economies focus on building domestic markets

Company News

De La Rue spends £20m expanding factory in Sri Lanka, but trouble at its paper mill sees sharp drop in share price; Goznak beats the recession; expansion at Radece further weakens paper market; Fortress closes financing deal; DCCI loses appeal against ECB in Germany

Regional Profile: East Africa

Customs union and common market done – single currency to do!

Technology Review: Coin Materials Adapt to the Modern World

Up to 90% of the production cost of coins is made up of the raw materials, leaving them highly vulnerable to sharply rising commodity prices of metals. But there are savings to be made, with little – if any – impact on their security or durability, as SAXONIA EuroCoin explains

Technology News

  • Cash at the touch of a finger from Hitachi
  • G4S launches PDAs for cash logistics
  • Non Linear Concepts introduces Tau series of sorting systems
  • Scientists develop technique for instant recognition of chemical profile of notes
  • Using cloud computing to manage currency supply chains

Payment News

SEPA Council set up to kickstart payments convergence; new national payments plan proposes to wean Irish off cash; global ATM market falls in 2009

Note and Coin News

Sudan launches 1 Pound on Hybrid; Hong Kong unveils new series; Iran issues 100,000 Rial note; Congo produces commemorative 500 Franc; first notes in Gibraltar’s new series go into circulation

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