Banknotes in News

On May 21, 2007 the Bank of Latvia introduced into circulation the new 100 Lat banknotes, which differ from the old banknotes by additional security features.

The State Bank of Pakistan requested the population not to use the old banknote in the denomination of 5 Rupees. It was withdrawn from circulation on June 1, 2005 and replaced with coin of the same denomination, which is now legal tender in the country.

An unusual application was found for withdrawn banknotes in Romania. They are now applied to manufacture urns for litter.
Nearly a year and a half ago denomination took place in the country. As a result 4 zeros disappeared from the Leu banknotes. Both series - the old and new ones - were polymer.

The Government made the decision to remove King of Nepal Gyanendra from the 10 Rupee banknote. His place will be taken by Mount Everest.  The reason for such a decision is the following: in 2006 King Gyanendra lost part of his authorities.

A Macao-based bank accused by the United States of distributing counterfeit money said that it had used the services of one of the largest banks HSBC Holding plc (The Hong Kong and Shanghai Ban-king Corporation) to screen counterfeit US currency.

The United States is to introduce a 1 Dollar coin for the third time already. It is to replace one of the most popular banknotes in the States.

In 2007 the Central Bank of Egypt is planning to widen the line of the existing banknotes by introducing two bigger denominations.

Since March 13 the new banknotes of 20 Pounds Sterling will be introduced into circulation in the UK. They will open a new series of the Bank of England — series “F”.

On entering the Euro area the Central Bank of Slovenia has produced its first Euro coin set. The obverse of all the coins has common design: 12 stars around the edge interspersed with the letters spelling “SLOVENIJA”, and the year of mintage in one or two lines – “2007”. The design of the center is unique for each denomination.

On January 1, 2007 it was 5 years since Euro banknotes and coins were introduced into circulation. However, it turned out that not all the residents of the European Union got used to the new currency yet.