Schuler’s Supervisory Board appoints new Managing Director
At its meeting on Friday, January 10, 2014 the Supervisory Board of Schuler Pressen GmbH appointed a new Managing Director and Head of the Systems Division: Johannes Linden, currently still Managing Director of metal packaging specialist Mall + Herlan.
New Publications from Currency News
The publishers of Currency News bring out two new publications in early 2014: a new issue in the series of Special Reports – ‘Celebrating 20 Years of Currency in Kazakhstan’ – and a Coin Directory, which is a unique publication on all the circulating coins in the world.
COMEX approves Royal Canadian Mint’s 1,000 oz. silver bars
The Chicago-based CME Group has added the Mint’s 1,000 oz. silver bar product to the COMEX exchange’s Silver Good Delivery List in December 2013. The addition is a highly prestigious endorsement of its increasingly important silver refining operations.
Bulgaria to replace banknote with coin?
Bulgaria is discussing the replacement of the 2 Leva banknote by a coin.
Major Savings as El Salvador Replaces $1 Note with Coin
Despite some initial difficulties, El Salvador replaced the $1 note with the $1 coin in 2011, which reduced costs by more than half. This article discovers why the changeover succeeded and why the same procedure is not applicable to the US or other countries’ monetary systems.
$44,000 scrap coins led to arrest
A Chinese couple was arrested in Denmark when exchanging a large amount of scrap coins for their face value. Authorities suspected the coins to be counterfeited. Apparently they were only part of an official scrap metal consignment.
New Director of the Mexican Mint appointed
The Mexican Mint (Casa de Moneda de México) has announced that Mr. Guillermo Hopkins Gámez has been appointed as General Director, thus Mint Master, as of January 13th, 2014.
Has Gold become the smugglers’ first choice?
In the last year you could read quite regularly about large amounts of gold bars being found on airplanes on various routes. At least when speaking of cases in India the raised duty on imports seem to be a reason for the increased smuggling of gold to the subcontinent.
2013 – A year of contrasts and contradictions
The currency industry has continued to thrive this year – despite competition from alternative payment systems and the pressure to cut costs. In this article, Currency News looks back at some of the key trends in 2013 – including developments in polymer, banknote durability, cash handling and at tough conditions in the coin industry.
The future of cash
Predictions of the future are nothing but descriptions of the present. So what are the current developments in payments? Maybe they will give us some clue about future trends. An essay by Ursula Kampmann.