• India mean business; INR 1000 and 500 notes void

    What to do with INR1000 and INR500 notes

    Indian 1000 and 500 rupee notes will be withdrawn overnight as India turns up the heat in its attempt to rein in ‘black money’. It is a very bold move that has taken the market by surprise but considering Indian Prime Minister Narendra Modi’s party promise of flushing black money out of the system in 2014, it starts making sense, especially with critics pointing fingers. [Read More…]

  • Catching Fake Notes; Man vs. Machine

     

    Business Man VS.          Machine

    Ever wondered which is better? Let me look into this issue for you and tell you what we come up with. Lets start by listing the advantages and disadvantages of ‘Man’: [Read More…]

  • e-Cheques; the end of paper cheques?

    Black Cheque

    From the beginning of December 2015 the Hong Kong government launched e-cheque payments by accepting settlement for government bills. The ‘Pay e-Cheque portal’ includes general demand notes, tax demand notes, business registration fees, tax reserve certificates andfacilities payments to many banks.  [Read More…]

  • 10 things not to do at a money exchange

    Not Allowed

    1. Give notes that are wet – Best to provide notes in good condition. This speeds up the transaction and makes life easier for everyone
    1. Give notes with staples in it – Counting money should not be dangerous or life threatening

    [Read More…]

  • Withdrawal of pre-2005 INR bank notes

    INR 500 pre-2005

    INR 500 pre-2005

    INR 500 post 2005

    INR 500 post 2005

    The market has reacted heavily to the news from the reserve bank of India (RBI) about the withdrawal of all pre-2005 bank notes in circulation after March 31st, 2014. The media has been saying this is an attempt to flush out black money in the system as well as the fake notes. It is our understanding the main reason is simply to phase out old notes, something the RBI has been doing secretly in the past. [Read More…]

  • Withdrawal of 50 Pound Houblon Note

    Houblon 50 Pound FrontHoublon 50 Pound Front

    From the 30th of April 2014 the 50 pound banknote carrying Sir John Houblon will be officially withdrawn from circulation in the UK. As a result we will be offering a lower rate for this note starting in March. We recommend you offload these notes as soon as possible (unless you want to collect them). [Read More…]