Banknotes of the World – №8/2017

GROWTH OF COUNTERFEIT MONEY IN UKRAINE

The National Bank of Ukraine (NBU) reports a rapid growth of detected counterfeit banknotes. The regulator withdrew from circulation 1.7 million hryvnias in 2016, which constitutes an increase by 40% compared with 2015, according to the annual report of the National Bank. The number of withdrawn counterfeits remained the same – 7,000 banknotes. The increase in the volume of counterfeiting is caused by the fact that the fraudsters are reoriented to fake larger denominations. In the leaders of fakes, from the 4th place a year earlier, a banknote with a face value of UAH 500 was knocked out. The banknote featuring Grigory Skovoroda turned out to be false in 2679 cases, experts of the National Bank say. For a year, the volume of counterfeit notes became 2.6 times higher, and for two years – 4 times higher.

ITKOIN – «MOOING» CURRENCY OF TATARSTAN

«We don’t need these bitcoins»,’ residents of Tatarstan decided and made up their own product. The first Tatarstan cryptocurrency – ITcoin – was presented in Naberezhnye Chelny. The national digital money will be provided by meat of pedigree bullocks. The name comes from it (“it” stands for meat). Authors and consultants of the projects – resident of the Chelny business incubator Denis Ryndin, creator of «shaimuratiki» currency and economist Rustam Davletbaev and director of Business Incubator Centre of Naberezhnye Chelny Yury Kolesnikov told Realnoe Vremya what this «beef» mining looks like.

CASH CIRCULATION IN RUSSIA AND WORLDWIDE ADDRESSED IN SUZDAL

Last June, with the official support of the Bank of Russia the 3rd International Conference «Current Issues of Cash Circulation» was held in Suzdal. The event was organised by the Cash Circulation, Cash-in-Transit and Value Transportation Association, the Association of Russian Banks and the Association «Russia». The forum was attended by about 200 delegates from various government and commercial institutions involved in cash circulation, including the top-management of the Bank of Russia, central banks and CiT services of the CIS countries, leading Russian banks, carriers of cash and valuables, international associations, as well as manufacturers of equipment and machinery. The members of the State Duma of the Russian Federation also took part in the forum.

MASTERCARD SURVEY

According to the World Bank, there are currently 138.6m financially excluded people in Europe alone, as these people have no bank account, neither access to banking payment services. This report put under question the common opinion that Europe is one of the regions with the highest level of financial inclusion, says MasterCard that initiated a survey to explore the reasons for financial exclusion, focusing on those without any access to formal banking services.

NORWEGIAN KRONES OF SERIES VIII

On 30 May 2017, Norges Bank has begun circulating the first note denominations from its latest banknote series with an original design and security features that haven’t been used before in this country. The first two denominations, namely the 100 and 200 krone notes, were put into circulation. The security complex will be the same for all the denominations: common set, size and placement of features, including SPARK®, as a pixel image, and Rapid™, a windowed security thread.

SOLUTIONS FOR CASH CENTERS FROM GIESECKE + DEVRIENT

Modern and effective solutions in the field of cash management are needed today – from central banks to retail chains. If we consider the basic principles of automation of the bank’s cash center, we can distinguish the following stages: selection / selection of banknote processing systems – from super high-speed high-performance complexes to desktop solutions, including systems for automatic loading and unloading of banknotes; solutions for conveyor processing; systems for the destruction of banknotes, etc.