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In The News

Spotlight: India’s Big Bet On New Banknotes

India’s startling announcement last month to swap out most banknotes in circulation — possibly the biggest currency change in decades anywhere in the world — went largely unnoticed outside the country. It was Nov. 8 and most people were captivated by a little election taking place on the other side of the planet. But the […]

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Economy Syria Crisis

Ban On Syrian Money — Is ISIS About To Issue Its Own Currency?

ISIS has banned the use of newly pressed 500 and 1,000 Syrian pound notes. Some fear its the start of a currency switch, though others say it’s a way for some to profit on money exchanges.

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Economy

The Small Colombian Town That Stopped Using Cash

Concepcion is the first place in Colombia where the vast majority of transactions involve electronic banking via mobile phones, staying well ahead of even northern Europe.

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Economy

How To Make Gaddafi Disappear From Libyan Currency

DIE WELT (Germany) Worldcrunch TRIPOLI – Libya’s former dictator Muammar Gaddafi has been dead since Oct. 2011, but Libyans are still faced with his image daily on their one, 20 and 50 dinar notes. However on Feb. 17 – the second anniversary of the start of the revolution – the Libyan National Bank put new […]

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