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....”. Unfortunately, once the banknote serial number leaves the vaunted ‘AA01’ domain its value among collectors slumps dramatically, although there are examples of bank notes with the ‘AA’ prefix being sold for around £20 online. ... [Read full article on Daily Express ]
Wednesday 23rd of August 2017 01:40:00 AM
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New five-pound SHOCK: Rare notes could be worth £17,000 - here is how to spot one image
Source : Daily Express [Read Article] Wednesday 23rd of August 2017 01:40:00 AM
....”. Unfortunately, once the banknote serial number leaves the vaunted ‘AA01’ domain its value among collectors slumps dramatically, although there are examples of bank notes with the ‘AA’ prefix being sold for around £20 online. ...
Bank of England takes note on banknotes (but that's all) | Nils Pratley image
Source : Guardian [Read Article] Thursday 10th of August 2017 06:27:09 PM
. Has the Bank of England got the hang of this public consultation lark? On the vexed question of whether the nation’s banknotes should contain traces of animal products, 88% of respondents to the Bank’s survey said they shouldn’t. ...
Bank of England to keep animal fat in banknotes despite complaints image
Source : Guardian [Read Article] Thursday 10th of August 2017 10:11:31 AM
. The Bank of England has decided to stick to plastic banknotes despite complaints from vegans and religious groups that they contain tallow, an animal byproduct. ...
Jane Austen banknote unveiled – with strange choice of quotation image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:40:23 PM
....The new £10 note featuring Jane Austen has been unveiled on the 200th anniversary of the author’s death, complete with a quote about reading – said by one of her characters who has no interest in books. Austen becomes the first female writer (following in the footsteps of William Shakespeare and Charles Dickens) to feature on a banknote. ...
New £10 unveiled: Everything you need to know about the Jane Austen note image
Source : Daily Express [Read Article] Monday 17th of July 2017 09:53:00 PM
....Bank of England boss Mark Carney revealed the Pride & Prejudice author would be on the note in 2013 - to the backdrop of twitter trolls attacking those who campaigned for it. Feminist Caroline Criado-Perez fought to keep a woman on a British banknote and was backed by Walthamstow MP Stella Creasy. ...
India's slowing growth blamed on 'big mistake' of demonetisation image
Source : Guardian [Read Article] Thursday 1st of June 2017 01:31:26 PM
....1% GDP growth figure for the January to March quarter – compared with China’s 6. 9% – reflected a general economic slowdown in the south Asian giant, compounded by the shock demonetisation of 500 and 1,000 rupee banknotes, worth approximately £6 and £12. ...
Indian growth figures miss estimates image
Source : BBC [Read Article] Wednesday 31st of May 2017 01:13:06 PM
....1%, slowing from the previous quarter's 7% rate and lower than analysts had expected. The economy took a hit from the government's decision to withdraw 500-rupee and 1,000-rupee banknotes in an anti-corruption drive. ...
Bank of Scotland unveils new £10 plastic note design image
Source : BBC [Read Article] Sunday 28th of May 2017 11:40:22 PM
....The locomotive is a Stanier "Black 5", which was designed for London, Midland and Scottish Railway and often seen on the West Highland line. The new note, which was designed by banknote manufacturer De La Rue, is slightly smaller than the existing paper version in circulation. ...
Bye bye paper fivers: shops to stop accepting old £5 notes image
Source : Guardian [Read Article] Thursday 4th of May 2017 03:36:21 PM
.... If you are doing it by post, there is a form to fill in first. The Bank of England says it regularly reviews and updates its notes to take advantage of advances in banknote design and security. ...
£5 note: Deadline looms for digging out old paper fivers image
Source : BBC [Read Article] Wednesday 3rd of May 2017 11:05:36 PM
. Millions of paper fivers are still in purses, wallets and piggy banks, despite the banknote ceasing to be legal tender by the weekend. ...
New fiver is not so indestructible - if you know how image
Source : BBC [Read Article] Monday 10th of April 2017 11:31:24 AM
.... He received a knighthood in 2015, in part for his public outreach work. But with the Bank of England preparing to introduce yet more polymer versions of our banknotes - the £10 note is due out this September, the £20 by 2020 - Prof Poliakoff may find inflation begins to push up his lab costs. ...
Bank of England considers palm oil for £20 polymer notes image
Source : Guardian [Read Article] Thursday 30th of March 2017 03:14:28 PM
....Revelations last year that the new plastic £5 note contained animal-derived additives sparked anger and boycotts, and the Bank has now launched a consultation to gauge public opinion over what materials to use for the next £20 note and future reprints of the £5 and £10 notes. It decided earlier this year not to withdraw plastic £5 banknotes from circulation and said it would push ahead with production of the new £10 polymer note featuring Jane Austen, which is to be issued in September. ...
Indian economic growth slows in December quarter of 2016 image
Source : BBC [Read Article] Tuesday 28th of February 2017 01:38:30 PM
....4%. Economists had expected the economy to suffer from the government's decision to withdraw high-denomination banknotes as part of an anti-corruption drive. ...
Bank of England will retain plastic £5 note, despite vegan protests image
Source : Guardian [Read Article] Wednesday 15th of February 2017 12:11:39 PM
. The Bank of England has decided not to withdraw plastic £5 banknotes from circulation, despite protests from vegans, animal rights activists and religious groups because the notes contain traces of animal fat. ...
Demand for gold hits four-year high after Brexit and Trump votes image
Source : Guardian [Read Article] Friday 3rd of February 2017 07:14:45 AM
....90 an ounce. In India, the nationwide jewellers’ strike in effect shut down the gold industry at the beginning of the year, and in November rural communities were hit hard by the cash crunch caused by the withdrawal of high-denomination banknotes. ...
Time to cash in: spend your paper £5 notes now image
Source : Guardian [Read Article] Tuesday 17th of January 2017 05:25:47 PM
.... From then on, retailers and banks need only accept or swap old notes at their potentially sarcasm-heavy discretion. But don’t panic if you are on holiday around the time of the big day or find a wad of old fivers down the back of the sofa next year because, according to the Bank of England, all withdrawn banknotes “remain payable at face value for all time”. ...
Bitcoin tops $1,000 for first time in three years as 2017 trading begins image
....The currency is used to move money across the globe quickly and anonymously and is free of control from any central bank or government, making it attractive to those who want to get around capital controls. It is also may appeal to those worried about a shortage of cash, as in India where the prime minister, Narendra Modi, removed high-denomination banknotes from circulation in November. ...
£5 note 'worth £50,000' found in Christmas card image
Source : BBC [Read Article] Friday 30th of December 2016 10:51:26 AM
....See more stories from across Birmingham and the Black Country here. The two banknotes bear the serial numbers AM32 885552 and AM32 885554. ...
India sees long bank queues as rupee deadline passes image
Source : BBC [Read Article] Friday 30th of December 2016 03:10:11 AM
. There have been long queues outside many banks in India as people tried to deposit discontinued banknotes ahead of a deadline that has now passed. ...
Pakistan Senate proposes scrapping 5,000 rupee note image
Source : BBC [Read Article] Tuesday 20th of December 2016 10:49:58 AM
....Pakistan's Senate has recommended scrapping the country's 5,000 rupee ($48; £38. 50) banknote, despite government opposition. ...
Canadian packaging firm buys up £5 note supplier image
Source : Guardian [Read Article] Tuesday 20th of December 2016 09:07:15 AM
.... The £5 note triggered outrage among vegetarians and vegans after the Bank admitted it contains tallow. The CCL chief executive, Geoffrey Martin, said the takeover, agreed with Innovia’s UK private equity owners, would propel the company into top spot in the fast-growing market for polymer banknotes. ...
Plastic £5 note firm Innovia bought by Canada's CCL image
Source : BBC [Read Article] Tuesday 20th of December 2016 07:43:04 AM
....13bn Canadian dollars (£680m). Innovia, owned by a group of UK private equity investors, makes most of the polymer banknotes around the world. ...
Bad money image
Source : BBC [Read Article] Saturday 17th of December 2016 12:34:01 AM
. Over one month after the shock announcement, the controversial plan to withdraw some Indian banknotes from circulation continues to rile many people - and false information and conspiracy theories are circulating online. ...
Venezuela pulls 100-bolivar note image
Source : BBC [Read Article] Friday 16th of December 2016 12:01:28 AM
. The country's most popular banknote is no longer legal tender from Friday. ...
De Beers diamond sales slow after India's cash crackdown image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:50:58 AM
. Anglo American has said demand at its latest De Beers diamond sale showed a slowdown in response to India’s withdrawal of high-value banknotes, but was still higher than a year ago when commodity trade was slumping. ...
Venezuela pulls 100-bolivar note from circulation to 'beat mafia' image
Source : Guardian [Read Article] Monday 12th of December 2016 11:11:46 AM
. The Venezuelan government is to withdraw its largest banknote from circulation in its latest attempt to tackle the world’s worst inflation crisis. ...
Venezuela pulls highest-value banknote 'to strike against mafia' image
Source : BBC [Read Article] Monday 12th of December 2016 02:33:45 AM
. The Venezuelan government has announced it will remove the country's highest-denomination banknote from circulation within 72 hours to combat contraband. ...
‘Who buys fish with a credit card here?’ Traders scoff at Goa’s bid to ditch cash image
....Panjim is no different to the rest of India. Long queues wind around banks and ATMs in every city as people scramble to exchange their high-value banknotes. ...
Wolfgang Streeck: ‘Look at London – it’s a second Rome. This is what an empire looks like’ image
....Professionalised political science tends to underestimate the impact of moral outrage. With its penchant for studied indifference … [it] has nothing but elitist contempt for what it calls “populism”, sharing this with the power elites to which it would like to be close … [But] citizens too can “panic” and react “irrationally”, just like financial investors … even though they have no banknotes as arguments but only words and (who knows?) paving stones. ...
£5 notes 'worth £20,000' in circulation image
Source : BBC [Read Article] Wednesday 7th of December 2016 01:09:31 PM
....The Bank of England's website states that it is illegal to deface bank notes under the Currency & Banknotes Act 1928. It says it is against the law to "deface our banknotes (by printing, writing or impressing upon them words, letters or figures, etc. ...
A lack of cash is forcing rural Indians to barter image
Source : BBC [Read Article] Sunday 4th of December 2016 11:34:18 PM
. Rural Indians are being forced to barter for groceries after the government withdrew larger banknotes. ...
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Traces of animal fat in Scottish polymer banknotes, producer says image
Source : BBC [Read Article] Thursday 1st of December 2016 04:20:18 PM
. The company that produces Scottish polymer banknotes has admitted they contain "minute traces" of animal fat. ...
Vegans are right to be furious about beef fat in the new £5 notes | Chas Newkey-Burden image
.... So the way the Bank of England tried to sneak out money containing animal products seems a fitting metaphor for the entire filthy racket. The unnecessary presence of tallow in banknotes is problematic for many vegetarians and members of several faith groups, including Hindus, for whom the cow is a sacred mother. ...
Bank of England urged to make new £5 note vegan-friendly image
Source : Guardian [Read Article] Tuesday 29th of November 2016 01:42:07 PM
....A row has broken out over the use of animal fat in the new plastic £5 note, with calls from some vegans and vegetarians for the production process to be changed. A petition has been launched calling for the use of tallow, a substance made from animal fat, in the banknotes to be stopped. ...
New five pound note: Not suitable for vegetarians image
Source : BBC [Read Article] Tuesday 29th of November 2016 12:09:35 PM
....Cows are considered sacred by Hindus, many of whom don't wear shoes or carry bags made from the skin of cattle that has been slaughtered. Jewish leaders, whose religion also embraces several restrictions on the use of animal products, are less concerned about the new banknotes. ...
Cash for queues: people paid to stand in line amid India's bank note crisis image
....Outside the Churchgate branch of the Bank of India in south Mumbai, some of those queueing for cash have become familiar faces. Ever since the prime minister, Narendra Modi, unexpectedly withdrew high-value 500- and 1,000-rupee banknotes from circulation, wiping out 86% of India’s currency overnight, queueing for cash has become a national sport. ...
All about the money image
Source : BBC [Read Article] Friday 25th of November 2016 12:06:30 AM
'Money mules' image
Source : BBC [Read Article] Thursday 24th of November 2016 12:16:10 AM
....He is one among many of India's "money mules" who have found ways to benefit from the cash crunch. How will India destroy 20 billion banknotes?. ...
India mobile payments surge after shock banknote move image
Source : BBC [Read Article] Monday 21st of November 2016 10:30:13 AM
. India's surprise move to get rid of big banknotes may have sparked a nationwide cash crunch, but it has proved a boost for mobile payment firms. ...
Desperate housewives image
Source : BBC [Read Article] Friday 11th of November 2016 12:16:38 AM
....People formed long queues at banks on Thursday waiting to exchange 500 and 1,000 rupee notes after they were withdrawn on Tuesday night as part of anti-corruption measures. Anxious Indians swap banned banknotes. ...
Shock as India scraps 500 and 1,000 rupee bank notes image
Source : BBC [Read Article] Wednesday 9th of November 2016 07:10:50 AM
....Media described the move variously as a "surgical strike" on tax evaders in the country's overwhelmingly cash-based economy and a "big bang note". The banknotes declared illegal tender represent 85% of cash in circulation in India. ...
Indian banknotes change sparks worry in Mumbai image
Source : BBC [Read Article] Wednesday 9th of November 2016 01:09:48 AM
India scraps 500 and 1,000 rupee bank notes overnight image
Source : BBC [Read Article] Tuesday 8th of November 2016 04:06:06 PM
....Indian Prime Minister Narendra Modi has announced that the 500 ($7. 60) and 1,000 rupee banknotes will be withdrawn from the financial system overnight. ...
'I sold three new fivers for £460' image
Source : BBC [Read Article] Friday 23rd of September 2016 11:24:44 AM
....". Instead of spending the money on a weekend away or a trip to a fancy restaurant, Mr Scrase said he would spend the money on adding to his collection of old US banknotes. ...
Polymer £5 notes to enter circulation today image
Source : Guardian [Read Article] Tuesday 13th of September 2016 06:26:20 AM
.... from the very idea of ‘Ooh, shall we move to polymer?’ to tomorrow morning, I will be out there spending the notes,” says Cleland, who plans to use her first polymer fiver to buy an ice-cream. The Bank spent around £70m on the research, development and printing of the new banknotes and Cleland’s team of 140 staff have been working for years to develop its cutting edge security features, which include a see-through window. ...
Britain’s biggest cash revolution in decades, all yours for a fiver image
Source : Guardian [Read Article] Friday 9th of September 2016 02:14:59 PM
.... The Bank of England reckons that polymer notes have better durability and resistance than paper notes in all areas except the ironing test. “We are aware that polymer banknotes begin to shrink and melt at temperatures above 120C, so they can be damaged by an iron,” it said in 2013 following early testing of the notes. ...
Plastic £5 note featuring Sir Winston Churchill to enter circulation image
Source : Guardian [Read Article] Friday 9th of September 2016 10:42:05 AM
....A plastic £5 note featuring Sir Winston Churchill will start to appear on the high street after going into circulation from next week. The new banknote will enter circulation on Tuesday and will be printed on polymer – a thin flexible plastic film, which is seen as cleaner, more secure and stronger. ...

Forget QE. Theresa May should cut taxes if she wants to drive growth
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Source : Telegraph [Read Article] Thursday 11th of August 2016 06:33:22 PM
.... This is now happening in Germany, and in Japan where rates went negative in February. Alarm even at the prospect of negative rates in Britain has seen the amount of banknotes stuffed under the mattress (or anywhere outside the banking system) rise to a 35-year high. ...

MPs ask Mandelson to explain Zimbabwe visit
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Source : Telegraph [Read Article] Sunday 7th of August 2016 04:37:49 PM
....Zimbabwe’s economy is paralysed and Mr Mugabe’s regime is so short of money that it cannot pay civil servants nor even the army and the police. In the past, Mr Mugabe would order his Reserve Bank to print more banknotes whenever the government ran out of money. ...

Mandelson met loyal Mugabe accomplice as Zimbabwe endured economic meltdown
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.... The situation is so serious that the president struggles even to provide salaries for the structures of repression – the brutal police and army – which keep him in power. In the days when Mr Chinamasa was hounding judges, the regime had a simple solution to the problem of running out of money: Mr Mugabe would order the Reserve Bank to print more banknotes. ...
Surge in travellers buying holiday money before EU vote image
Source : Guardian [Read Article] Wednesday 22nd of June 2016 01:44:15 PM
.... It said many people heading to Europe or the US in the coming weeks were buying now to guarantee their exchange rate ahead of the referendum result. FairFX said the amounts being loaded on to US dollar cards, plus orders of dollar banknotes, were up almost 300% this week compared with the start of last week. ...
All you need to know about the new £5 note image
Source : Guardian [Read Article] Saturday 4th of June 2016 06:00:02 AM
.... The Bank of England reckons that polymer notes have better durability and resistance than paper notes in all areas except the ironing test. “We are aware that polymer banknotes begin to shrink and melt at temperatures above 120C, so they can be damaged by an iron,” it said in 2013 following early testing of the notes. ...
Flash the plastic – Bank of England unveils untearable £5 note image
Source : Guardian [Read Article] Thursday 2nd of June 2016 03:52:16 PM
. Mark Carney, has formally unveiled the Bank of England’s first plastic banknote, the new fiver featuring Sir Winston Churchill. ...
Britain's first PLASTIC BANKNOTE featuring Winston Churchill revealed TODAY image
Source : Daily Express [Read Article] Thursday 2nd of June 2016 01:07:00 PM
...."As he himself said, ‘a nation that forgets its past has no future’". The Governor added: "Our banknotes are repositories of the United Kingdom’s collective memory and like Churchill, our new polymer notes will stand the test of time. ...
Winston Churchill plastic £5 note ends trail of paper money image
Source : Guardian [Read Article] Thursday 2nd of June 2016 07:30:02 AM
. The Bank of England’s first plastic banknote, the new Winston Churchill fiver, will be unveiled at Blenheim Palace, the wartime leader’s ancestral home, on Thursday. ...
Battle of the banknotes as rival currencies are set to be issued in Libya image
. The risk of economic chaos caused by billions of dollars worth of rival banknotes starting to circulate in Libya may fatally undermine the new unity government in Tripoli, senior European diplomats fear. ...
Grayson Perry creates huge phallus to represent bankers' worldview image
Source : Guardian [Read Article] Wednesday 18th of May 2016 11:01:09 PM
. The artist Grayson Perry has revealed two new works inspired by his experience of the world of high finance, including a giant penis embossed with banknotes and George Osborne’s face. ...
€500, the 'Bin Laden' of banknotes, could be axed image
Source : Guardian [Read Article] Wednesday 4th of May 2016 07:30:09 AM
. The European Central Bank is set to decide on Wednesday the fate of the €500 banknote, which many people associate with money laundering, the black market and terrorist financing. ...
€500 'Bin Laden' banknotes to be axed image
Source : Guardian [Read Article] Wednesday 4th of May 2016 07:30:09 AM
....The European Central Bank has phased out the €500 (£400) note, nicknamed the “Bin Laden” because of its association with money-laundering and terror financing – and because while many people know what it looks like, few have ever seen one. The ECB announced on Wednesday that the fuchsia-coloured bills, the highest denomination of the eurozone’s seven banknotes, would no longer be printed or distributed from 2018, on the grounds that they are too often used to finance crime. ...
Who invented the cash machine? I did – and all I earned was £10 image
Source : Guardian [Read Article] Friday 29th of April 2016 11:09:34 AM
....This token took the form of a plastic card with holes punched in it. The patent documents proposed a system incorporating a card reader and buttons mounted in an external wall of the bank, and stated: “When the customer wishes to withdraw a pack of banknotes from the system he simply inserts his punched card in the card reader of the system, and operates the set of 10 push-buttons in accordance with his personal identification number. ...
The faces of Britain's banknotes – in pictures image
Source : Guardian [Read Article] Monday 25th of April 2016 08:38:40 AM
...
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The faces of Britain's banknotes – in pictures image
Source : Guardian [Read Article] Monday 25th of April 2016 08:38:40 AM
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JMW Turner may be a safe choice for new £20 note – but it's deserved image
. Joseph Mallord William Turner knew he’d be on a banknote one day. ...
JMW Turner to be face of next £20 note image
Source : Guardian [Read Article] Friday 22nd of April 2016 03:05:11 PM
....JMW Turner, one of Britain’s greatest painters, is to be the face of the new £20 note, following a nationwide vote. It will be the first time an artist has appeared on a British banknote, after the governor of the Bank of England, Mark Carney, asked the public to nominate a deceased cultural figure they felt deserved the high honour. ...
HMRC chief was partner at law firm that acted for Cameron offshore fund image
.... Usually, Mossack Fonseca did not deal with company owners directly, but preferred to handle business through intermediaries such as lawyers and accountants. For Blairmore, the Panama-registered fund run by Ian Cameron, there is a long string of emails regarding the fund’s decision to stop using bearer shares – anonymous financial instruments that belong to the person holding them in their hand, much like banknotes. ...
Fund run by David Cameron’s father avoided paying tax in Britain image
Source : Guardian [Read Article] Monday 4th of April 2016 12:02:36 PM
.... These do not carry the name of the owner. They are similar to banknotes in that they simply belong to the person holding the certificate in their hand. ...
Comedian Simon Brodkin disrupts VW presentation at Geneva motor show image
Source : Guardian [Read Article] Tuesday 1st of March 2016 11:18:45 AM
....Related: Comedian Simon Brodkin charged by police over Sepp Blatter cash stunt. Last July Simon Brodkin, dressed as one of his characters, Jason Bent, placed a pile of banknotes on the desk next to Fifa’s Sepp Blatter, having announced himself as a delegate from North Korea’s 2026 World Cup bid. ...
Paddy Power 'encouraged gambler until he lost his home, jobs and family' image
Source : Guardian [Read Article] Monday 29th of February 2016 07:28:46 PM
....None of the suspicions were reported to the company’s money laundering reporting officer. Paddy Power only barred the customer after police raised fears that Scottish banknotes that were the proceeds of crime were being laundered in London. ...
Get ready to be showered by helicopter money image
Source : Telegraph [Read Article] Monday 22nd of February 2016 06:07:56 PM
.... And central bankers realised it could only be effective if they banned cash – because of course that doesn’t pay a negative rate of interest. But the backlash against that was too severe, despite endless op-eds in The Financial Times about how fuddy-duddy banknotes had become. ...
Swiss 1,000-franc note here to stay, says national bank image
Source : Guardian [Read Article] Tuesday 16th of February 2016 01:37:09 PM
. One of the world’s biggest banknotes – Switzerland’s SFr1,000 bill – is here to stay, the central bank has said, despite European Union moves to end its highest denomination note to keep it out of the hands of militants. ...
Crime, terrorism and tax evasion: why banks are waging war on cash | Paul Mason image
.... The 30-odd youngsters in the queue behind him barely murmured; they’d all been in the same predicament. I doubt there was a banknote or coin between them. ...
How market turmoil has changed all these areas of personal finance image
Source : Telegraph [Read Article] Saturday 13th of February 2016 07:39:46 AM
.... . Perverse outcomes of negative rates include the hoarding of physical cash, as banknotes better retain their spending power than cash deposited with a bank. ...
Criminal links of €500 banknote could spell its demise image
Source : Guardian [Read Article] Friday 12th of February 2016 05:54:57 PM
.... Cash mules have been known to fold the notes into plastic pellets and swallow them. A less dangerous method of concealment is to stuff the banknotes into a car chassis. ...

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