By Irene Wang and Kantaro Komiya TOKYO (Reuters) -Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and female education institutions in an attempt to frustrate counterfeiters. The notes use printed patterns to generate holograms of the portraits facing different directions, depending on the […]
(Bloomberg) — Japan issued newly designed banknotes for the first time since 2004 in a move that may provide a small boost to the economy while potentially nudging some cash hoarders to invest money instead of stashing it under the mattress. Most Read from Bloomberg The Bank of Japan shipped the first bundle of newly […]
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Banknotes featuring King Charles III entered circulation in the United Kingdom on Wednesday. The Bank of England said Charles is only the second monarch, after his late mother, Queen Elizabeth II, to appear on banknotes issued by the BoE. It’s also the first time the bank has changed the monarch on its notes. Images of […]
China recently fined several businesses, including a KFC, for refusing to accept cash. These are some of the most established companies in China, showing just how quickly cash has fallen from favor there. It’s a problem for a China hoping to attract foreign tourists who aren’t part of the cashless system. China’s central bank fined […]
Banknotes carrying a portrait of Britain’s King Charles will be issued in the UK for the first time on June 5TH, the Bank of England has said. The portrait of Charles will appear on existing designs of all four banknotes (£5, £10, £20 and £50), with no other changes to the existing designs. Polymer banknotes […]