From September 13th cash machines in England and Wales will start dispensing the Bank of England’s new £5 note, and Britain’s first polymer currency. The quantity of physical banknotes in circulation has risen significantly during the past decade, increasing from 1.9 billion to 3.4 billion between 2004 and 2016. Source: Economist
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
Airbus SE said it will almost halve production of its slow-selling A380 superjumbo, casting further doubt over the program’s future, while warning that engine glitches are still weighing on deliveries of the single-aisle A320 that’s due to become its largest-volume model. Source Bloomberg
The news of former Georgian president Mikheil Saakashvili being stripped of his Ukrainian citizenship felt so sudden and out of nowhere. One thing is sure: Ukrainian President Petro Poroshenko’s team didn’t take a summer break, it is already working hard on getting ready for the 2019 presidential elections. Source BNE
Hungary has issued yuan-denominated “panda” bonds, targeted at the domestic Chinese market, for the value of RMB 1 bln with three-year maturity and a 4.85% coupon, the Government Debt Management Agency (ÁKK) said today, Hungarian news agency MTI reported. Source Budapest Business Journal