Showing posts with label Europe. Show all posts
Showing posts with label Europe. Show all posts

Friday, August 5, 2016

Lithuania criticize Russia for the new 5 rubles

The Lithuanian Foreign Ministry criticizing Russia for the issue of the new 5 rubles coin dedicated to the liberation of Vilnius in 1944. On 1 August 2016, Bank of Russia issues commemorative coins including fourteen non-precious metal coin series called "Foreign Capitals Liberated by Soviet Troops from German Nazi Invaders".

new 5 rubles

The political director of the ministry, Rolandas Kačinskas told BNS news agency, such a move confirms that Russia has not accepted the “historical truth about the Soviet occupation of Baltics.”

The commemorative silver coin depicts a now-disassembled monument to the soldier-liberators of Vilnius. The coin also has the inscription “Vilnius” and “13 Jul 1944,” the day when the Soviet army liberated the city from Nazi troops. According to Kačinskas, the date on the coin represents the day the Nazi occupation of the country was replaced by the Soviet occupation. “The issue of coins only confirms that Russia is not yet ready for the historical truth about the Soviet occupation,” Kačinskas stated.

The monument on the Green Bridge in Vilnius was removed in July 2015. The authorities explained the decision by declaring that the sculpture was in a state of disrepair. Before that, there was a plaque about the Soviet occupation near the monument.

On 1 August 2016, the Bank of Russia issues 14 coins of non-precious metals in denomination of 5 rubles each within the series called ‘Capital cities liberated by the Soviet troops from the Nazis’.

Nazi cities

The reverse side of the coins bears the following relief images:
  • sculpture of the memorial complex ‘Monument-museum to the liberators of Kiev’ in Kiev with «6 НОЯБРЯ 1943 г.» (6 NOVEMBER 1943) inscription at the bottom;
  • part of the memorial ‘Mount of Glory’ in the Smolevichi District of the Minsk Region with «3 ИЮЛЯ 1944 г.» (3 JULY 1944) inscription at the bottom;;
  • monument to soldiers-liberators in the city of Vilnius with «13 ИЮЛЯ 1944 г.» (13 JULY 1944) inscription at the bottom;
  • part of the Memorial of martial glory in the city of Chisinau with «24 АВГУСТА 1944 г.» (24 AUGUST 1944) inscription at the bottom;
  • monument to the soldier-liberator in Bucharest with «31 АВГУСТА 1944 г.» (31 AUGUST 1944) inscription at the bottom;
  • monument to the soldier-liberator in Tallinn with «22 СЕНТЯБРЯ 1944 г.» (22 SEPTEMBER 1944) inscription at the bottom;
  • monument to ‘Liberators of Riga’ in Riga with «15 ОКТЯБРЯ 1944 г.» (15 OCTOBER 1944) inscription at the bottom;
  • part of the monument to soldiers-liberators in Belgrade with «20 ОКТЯБРЯ 1944 г.» (20 OCTOBER 1944) insciption at the bottom;
  • statuary in the cemetery-mausoleum of the Soviet soldiers in Warsaw with «17 ЯНВАРЯ 1945 г.» (17 JANUARY 1945) inscription at the bottom;
  • monument to soldiers-liberators in Budapest with «13 ФЕВРАЛЯ 1945 г.» (13 FEBRUARY 1945) inscription at the bottom;
  • parts of the Monument-mausoleum to the Russian soldiers perished in Bratislava with «4 АПРЕЛЯ 1945 г.» (4 APRIL 1945) inscription at the bottom;
  • monument to the Soviet soldiers in Vienna with «13 АПРЕЛЯ 1945 г.» (13 APRIL 1945) inscription at the bottom;
  • monument to the soldier-liberator in Berlin with «2 МАЯ 1945 г.» (2 MAY 1945) inscription at the bottom;
  • sculpture of the memorial to the Soviet soldiers in Prague with «9 МАЯ 1945 г.» (9 MAY 1945) inscription at the bottom.

The coins are issued within the emission programme with mintage of every type of coins being 2 million pieces.

Russia Central Bank has responded to the criticism by the Lithuanian foreign Ministry on the issue of Russian commemorative coins with the image of Vilnius.

"Any geopolitical changes that have occurred since the end of world war II, I can not put into question the undoubted importance of the victory over fascism for the peoples of Europe and the world. And this victory is dedicated to a series of memorable coins of Bank of Russia", — told RBC in the Central Bank.

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Tuesday, July 5, 2016

New €50 banknote design unveiled today

The European Central Bank (ECB) today unveiled the new €50 banknote, which will enter into circulation on 4 April 2017. The introduction of the new note marks the latest step in making euro banknotes even more secure.

After the €5, €10 and €20, the €50 is the fourth denomination in the second series of euro banknotes, known as the Europa series.

€50

“The introduction of the new €50 will make our currency even safer”, Yves Mersch, ECB Executive Board member, said. “Its state-of-the-art security features help protect our money."

"It is part of our continued efforts to preserve the euro as a stable currency, a currency that 338 million people across the euro area rely on day by day. The gradual launch of the new euro banknotes with new and enhanced features also underlines the Eurosystem’s commitment to cash as a trusted and efficient means of payment.”

The €50 is the most widely used euro banknote, accounting for 45% of all banknotes in circulation. There are more €50 banknotes in circulation than the €5, €10 and €20 together.

The number of €50 banknotes in circulation is also nearly the same as the total number of all denominations in circulation at the end of 2002, the year when euro banknotes and coins started to circulate.

The new €50 banknote includes a portrait window – a new and innovative feature first used on the Europa series €20. When the banknote is held up to the light, a transparent window near the top of the hologram reveals a portrait of Europa, a figure from Greek mythology, which is visible on both sides of the note. The same portrait also appears in the watermark.

The front of the banknote features an “emerald number”, a shiny number that, when tilted, changes colour from emerald green to deep blue and displays an effect of the light that moves up and down. These security features make it easy to check the new €50 for authenticity, using the “feel, look and tilt” method.

To help ensure that banknote handling machines and authentication devices throughout the euro area are ready in time for the new €50 banknote, the Eurosystem has launched a partnership programme. It involves more than 500 industrial partners across Europe and provides a wide range of educational tools and other resources related to the new banknote. More than 50 industrial partners also signed a memorandum of understanding on the adaptation of banknote equipment to the new €50 banknote on 15 June 2016 to underline their commitment to ensuring a smooth introduction of the new banknote.
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Friday, June 17, 2016

New Europa €50 unveiled on July 5

The European Central Bank (ECB) and the national central banks of the euro area – the Eurosystem will unveil the new Europa series €50 banknote on 5 July 2016. The new note is planned to be brought into circulation in spring 2017.

Europa €50

The new €50 Europa series banknotes will show architectural styles from Renaissance period.

An independent banknote designer based in Berlin, Reinhold Gerstetter, was selected to refresh the design of the euro banknotes.

Banknote equipment manufacturers, industry associations and the ECB signed a memorandum of understanding to underline their commitment to ensure that vending, ticketing and other machines accepting banknotes will work with the new €50 note as of the launch date. They also committed to inform their customers, partners, employees and other stakeholders about the new banknote.

“We – the Eurosystem and our industry partners – have started to prepare for the introduction of the new €50 note early on, to ensure businesses are ready so that people can use their new banknotes smoothly everywhere as of the day they enter into circulation”, said Ton Roos, Director Banknotes at the ECB.

The €50 banknote is the most widely used of all euro banknote denominations. More than 8 billion banknotes in circulation are €50 banknotes, representing about 45% of the total.

The ECB and its partners held a seminar for banknote equipment manufacturers and others at the Banco de España in Madrid on 15 June 2016. The aim of the seminar was to help partners prepare for the introduction of the new €50 banknote and to facilitate the adaptation of banknote equipment.

The national central banks of the Eurosystem have since April offered banknote equipment manufacturers the opportunity to carry out tests with new €50 banknotes inside national central bank buildings. From July, they will also offer new €50 banknotes on loan to interested banknote equipment manufacturers and other relevant third parties for testing at their own offices and at banknote equipment locations. The Eurosystem also offers a wide range of information to all interested parties, including via the Partnership Programme, to help them train and inform their employees, their customers and euro area citizens about the new €50 banknote and its security features.

The new Europa €20 start circulating on 25 November 2015.
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Thursday, May 5, 2016

ECB discontinue production of €500 banknote

Today, the Governing Council of the European Central Bank (ECB) concluded a review of the denominational structure of the Europa series. It has decided to permanently stop producing the €500 banknote and to exclude it from the Europa series, taking into account concerns that this banknote could facilitate illicit activities.

€500 banknote

The issuance of the €500 will be stopped around the end of 2018, when the €100 and €200 banknotes of the Europa series are planned to be introduced. The other denominations – from €5 to €200 – will remain in place.

In view of the international role of the euro and the widespread trust in its banknotes, the €500 will remain legal tender and can therefore continue to be used as a means of payment and store of value. The Eurosystem, which comprises the ECB and the euro area national central banks, will take steps to ensure that the remaining denominations are available in sufficient quantities.

The €500 banknote, like the other denominations of euro banknotes, will always retain its value and can be exchanged at the national central banks of the Eurosystem for an unlimited period of time.

In April, Reuters reported that European Central Bank looks set to stop printing the 500 euro note, arguing it is used to finance crime.

The 500 euro note is worth more than five times the value of the largest U.S. denomination -- the $100 bill -- and has been dubbed the 'Bin Laden' for its alleged links to terrorism and the difficulty of finding it.

Nearly a third of the 1 trillion euros circulating last year was stored in 500 euro notes, ECB data showed.

Yet 56 percent of European Union citizens have never seen one, according to a 2011 ECB survey, because the note is mainly used for hoarding cash, rather than paying.
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Tuesday, April 12, 2016

5 Euro coin 'Blue Planet Earth' on Thursday

The world's first 'tri-material coin', 5 euro coin 'Blue Planet Earth' will be available on Thursday. The new coin has a transparent, glinting blue plastic ring in the center, which is to offer the euro coins better protection against counterfeiting in the future.

A total of around 1.5 million coins are issued in mint condition and 250,000 coins are issued as a limited collector's item as "Blue Planet Earth" Proof Like finish, the Proof Like Finish coins are no longer available due to high demand.

'Blue Planet Earth' coin


The coin's smooth edge is embossed with the inscription:
"BLAUER PLANET ERDE - BLAUER PLANET ERDE" (Blue Planet Earth)

The artists Stefan Klein and Olaf Neumann from Iserlohn, Germany, designed the coin while the eagle figure is based on a template created by Alina Hoyer from Berlin.

The jury explained their decision as follows.

"The (...) design stands out thanks to its clear style and the very successful realisation of the specified subject "Planet Earth". Earth is depicted in the inner circle with its continents shown as dotted masses. The clever posi-tioning of the Earth's surface right next to the polymer ring fulfils two functions: The blue ring encircles the planet in such a way that the viewer instinctively thinks of it as the Earth's atmosphere. Additionally, the ring represents the link between Earth and the cosmos. The various sizes of the depicted celestial bodies reflect the diversity of astronomical objects..."

5 euro coin

The reverse features an eagle framed by the words "BUNDESREPUBLIK DEUTSCHLAND", the value and de-nomination, the year 2016, the twelve stars of Europe and the mint mark "A" (Berlin), "D" (Munich), "F" (Stuttgart), "G" (Karlsruhe) or "J" (Hamburg), depending on where the coin was minted.

Technical Specifications:
Theme: "Planet Earth"
Artist: Stefan Klein and Olaf Neumann, Iserlohn; Alina Hoyer, Berlin (Adler)
Issue date: 14th April 2016
Mints: Berlin (A), Munich (D), Stuttgart (F), Karlsruhe (G), Hamburg (J)
Weight: 9 grams
Diameter: ca. 27,25 mm
Material: Cu75Ni25, Cu81Ni19, polymer ring (five different shades of blue)
Nominal: 5 €
Mintage: Proof Like Finish: limited to max. 250,000; uncirculated: approximately 1,500,000

The mint condition coins are still available at German Sales Agency for Collector’s Coins www.deutsche-sammlermuenzen.de.
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Sunday, February 14, 2016

Royal Canadian Mint offers Bullion DNA

The Royal Canadian Mint is introducing its Bullion DNA Anti-Counterfeiting Technology to the European market. The Mint’s Bullion DNA counter-top device, which now allows genuine Gold Maple Leaf (GML) and Silver Maple Leaf (SML) bullion coins to be certified in-store, was unveiled before European bullion dealers and distributors gathered at the 2016 World Money Fair in Berlin, Germany. 

Bullion dealers and distributors across Europe can now register for the Royal Canadian Mint Bullion DNA Program in order to purchase this innovative anti-counterfeiting technology.

Bullion DNA


“The Royal Canadian Mint is committed to assuring our customers that our bullion products continue to be industry innovators through their unrivaled quality, purity and security,” said Sandra L. Hanington, President and CEO of the Royal Canadian Mint. 

“The addition of Bullion DNA Anti-Counterfeiting Technology to our growing list of bullion security solutions is a game-changer for bullion dealers and distributors as they can now certify that new GML and SML coins are genuine, at the very moment of a transaction.”



The Bullion DNA device works by reading a micro-engraved security mark appearing on the reverse of every GML bullion dated 2014 and later, as well as every SML coin dated 2015 and beyond. 


The mark, consisting of a textured maple leaf and the last two numerals of the coin’s production year, visible only under magnification, is laser-engraved on the dies which are used to strike these coins.

The Mint’s digital non-destructive activation (DNA) technology, developed in partnership with ArjoSolutions, captures images of the mark encrypted with a string of code, and stores these in the Royal Canadian Mint’s secure database. 

When a GML or SML coin is placed in the Bullion DNA device, it communicates with the Mint’s secure servers to decode the encrypted signature and search for a match registered during coin production.

To find out more about Bullion DNA Anti-Counterfeiting Technology or enroll in the Bullion Dealer Program, visit www.mint.ca/bulliondna.
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