Banknotes

• The Reserve Bank of India (RBI) is preparing to transition to plastic (polymer) banknotes, marking one of the most significant makeovers in the history of Indian currency. • To facilitate this shift, Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has issued a global Expression of Interest (EOI) to establish a polymer substrate manufacturing facility within India. • This move aims to enhance currency durability and security while reducing the environmental impact and costs associated with replacing worn-out paper notes.

Bank of England says updated imagery will celebrate native wildlife while bolstering anti-counterfeit featuresPuffins, dolphins and bumblebees are among the wildlife that could feature on new banknotes in the UK as the Bank of England announces its shortlist.There has been controversy over the decision, with figures including Nigel Farage criticising the Bank for, he claimed, wanting to replace Winston Churchill with a beaver. The Conservative leader, Kemi Badenoch, said it was “a silly thing to do”, and Reform UK’s Farage called it “absolutely crackers”. In the end, no beaver appeared on the shortlist. Mammal options include bottlenose dolphins and red foxes. Continue reading...