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Australia's first banknote fetches US$310,000

The only surviving example of Australia's first official banknote exceeded expectations when it was auctioned for Aus$334,000 ($310,000), officials said Thursday. The 10 shilling note -- one of 100 issued in 1817 by the Bank of New South Wales (now called Westpac) on the day it opened -- attracted bids from around the world, said Jim Noble of Noble Numismatics, which handled the sale.

ECB unveils new 10-euro notes featuring mythic Europa

The European Central Bank unveiled its new 10-euro banknotes on Monday, sturdier and less susceptible to counterfeiting, that will come into circulation from late September. The ECB is gradually phasing in a brand new series of banknotes, all featuring the Greek mythological figure of Europa, to replace the original design in use since the euro became a physical currency in 2002. The new five-euro notes were already launched last May and the 10-euro notes will follow in September.

Euro banknotes will remain paper, not plastic

Frankfurt (Reuters) - Euro banknotes will remain paper, the European Central Bank said on Monday, choosing to fight counterfeiting with new security measures but resisting a move to plastic money. The ECB also has no plans to do away with the 500-euro notes favored by some criminals, Executive Board member Yves Mersch

H.K. police arrest woman with bogus banknotes

Hong Kong police on Friday arrested a woman for passing counterfeit HK$1,000 (US$129) banknotes, which have been spotted in both Hong Kong and nearby Macao since Monday. The 53-year-old woman, knowingly or not, tried to use 10 of the fake banknotes while depositing HK$300,000 into her account at a local bank, but a bank teller detected them and alerted police. Hong Kong police have in recent days seized 29 fake banknotes of the 2003 series, while 28 have been seized by police in Macao.

H.K. police arrest woman with bogus banknotes

Hong Kong police on Friday arrested a woman for passing counterfeit HK$1,000 (US$129) banknotes, which have been spotted in both Hong Kong and nearby Macao since Monday. The 53-year-old woman, knowingly or not, tried to use 10 of the fake banknotes while depositing HK$300,000 into her account at a local bank, but a bank teller detected them and alerted police. Hong Kong police have in recent days seized 22 fake banknotes of the 2003 series, while 28 have been seized by police in Macao.

Bank of England to issue plastic banknotes

The Bank of England is to issue plastic banknotes for the first time in its history, it announced Wednesday, with Winston Churchill gracing the first run. The polymer note, carrying a value of £5 ($8.2, 6.0 euro), is to be released in 2016, Britain's central bank said in a statement, and will feature World War II prime minister Churchill. A new £10 note featuring novelist Jane Austen to be issued a year later will also be made of polymer. More than 25 other countries have flexible polymer banknotes, with at least seven using only plastic notes.

Britain to get plastic banknotes

The Bank of England is to issue plastic banknotes for the first time in its history, it announced Wednesday, with Winston Churchill gracing the first run. The polymer note, carrying a value of £5 ($8.2, 6.0 euro), is to be released in 2016 -- and as previously announced will feature World War II prime minister Churchill -- Britain's central bank said in a statement. A new £10 note featuring novelist Jane Austen to be issued a year later will also be made of polymer.

Nigeria to ditch tougher polymer for paper banknotes

Nigeria is to revert to paper banknotes, the country's central bank has announced, in a policy switch bucking a growing trend around the world for tougher polymer-based currency. The Central Bank of Nigeria (CBN) signed a deal in 2006 with Australia's Securency International to print lower more-circulated units of the naira in polymer, while higher denominations were kept in paper form.

Last polymer Canadian bank notes unveiled; transition to be complete in two years

LONGUEUIL, Que. - The last of Canada's polymer bills were put into circulation by the Bank of Canada on Thursday, with the transition to the plastic cash set to take about two years. The $5 and $10 notes were unveiled at simultaneous news conferences in Longueuil, Que., and Vancouver respectively. Bank of Canada governor Stephen Poloz, on hand at the Quebec event, touted the quality of the polymer bills, "or as we say in Oshawa, plastic."

Bank of Canada chief 'absolutely open' to idea of woman on currency next time

OTTAWA - Bank of Canada governor Stephen Poloz says he is "absolutely open" to the idea of putting an identifiable woman back on Canada's currency, but that will have to wait until the next roll-out of bills. The central bank has taken heat from women's groups for removing the so-called Famous Five, relating to the Supreme Court case that recognized women as persons, from the $50 note in the most recent roll-out of polymer bills. Poloz acknowledges he had a weighty petition with 22,000 signatures plunked on his desk recently drawing his attention to the omission.
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