Malawi plans introduction of 5,000-kwacha note

The Reserve Bank of Malawi is planning to issue a new banknote of 5,000-kwacha. The current highest denomination in Malawi is the 2,000-kwacha note introduced about a year ago. However, this note has lost a lot of value making it necessary for the citizens of Malawi to carry a lot of banknotes with them.

Time will tell if the 5,000-kwacha will be the last new denomination or if perhaps a future 10,000-kwacha note will also be necessary.

Steven | Wednesday 08 November 2017 at 09:51 am | | news | No comments
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Transnistria commemorates the Russian revolution

Recently I fantasized what the new Russian banknotes would have looked like had the Soviet Union not collapsed. This year marks the 100th anniversary of the Russian revolution and you bet those old Commies would have marked that occassion with a nice commemorative banknote. Sadly, or luckily depending on your political orientation, the Soviet Union has ceased to exist so no commemorative banknotes from Russia this year celebrating Lenin & friends.

But does that mean that this historical event isn't remembered at all for us notaphilists? No. Leave it up to the Transnistrian Republican Bank to remember, remember the 7th of November. Or 25 October according to the old Julian calendar. Their flag kind of gave it away right?

The tiny break-away state which is formally a part of Moldova and isn't recognized by any official UN-member state, has issued two new commemorative notes of 1- and 5-ruble celebrating the 100th anniversary of the Russian revolution. No more that 5,000 pieces of each denomination will be issued. A total of 2,983 pieces of each denomination were issued into circulation. 2,017 pieces of each denomination are packaged in booklets (two banknotes in a set) and sold as a numismatic product.

The two new banknotes have a similar size and design as the banknotes which were issued in 2012. There is however a special marking on the right side of the banknote showing the Order of the October Revolution with the inscriptions: "100 YEARS" at the top and "OCTOBER REVOLUTION" (both in Russian of course) at the bottom.



Steven | Wednesday 08 November 2017 at 09:21 am | | news | No comments

Venezuela announes new 100,000-bolivares note

Dictator President Maduro has announced that the Central Bank of Venezuela will issue a new note of 100,000-bolivares to the public. Its worth is very low since the country (which potentially could be the richest country in South America) is struck by financial, political and economical chaos and hyperinflation. Like everything else in Venezuela, they seem to have f***ed up this banknote as well... 

The design of the 'new' banknote is very similar to the 'old' 100-bolivares note apart from the color. The same image of Simon Bolivar and the birds on the back has been used. The number on the note is also a simple 100 but the real value can be read beneath the number. I'm sure that won't cause any confusion...

New 100,000-bolivares:

Old 100-bolivares:

Steven | Saturday 04 November 2017 at 5:12 pm | | news | No comments

ECCB orders new 50-dollar banknote

The Eastern Caribbean Central Bank (ECCB) has decided that a new 50-dollar banknote will be introduced honoring its late Governor Sir K. Dwight Venner. His image will be displayed as a permanent tribute to his legacy.

"The late Honourable Sir K Dwight Venner, former Governor of the ECCB, served the ECCB member countries and the wider Caribbean with distinction over a 26-year period. As a lasting tribute to his sterling contribution, the ECCB engaged the services of De La Rue, the authorised printer of its circulation banknotes, to prepare design concepts for a new $50 note bearing the image of Sir Dwight, in addition to the standard security features of the existing banknotes."

A date of issue hasn't been mentioned yet. 

The ECCB is the Central Bank for Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines and Anguilla. 

Steven | Saturday 04 November 2017 at 4:50 pm | | news | No comments

Vanuatu completes new series with 500-vatu note

The Reserve Bank of Vanuatu (RBV) has introduced the last note of the new series. This 500-vatu note is printed on polymer just like the other notes in the new series. 

From the press release: "Like the new VT5000 banknote released earlier in July, the new VT500 note will also incorporate an effective tactile feature to assist visually impaired people. The new banknote incorporates the theme of 'culture' and features the frontage of the original 'Nakamal blong ol Jifs', and other cultural activities such as sand drawing and traditional dancing. In continuation with existing practice of replaced paper notes, the new banknote will co-circulate the existing VT500 paper note as legal tenders. RBV will continue to withdraw all the replaced paper notes from public circulation until such time when the Bank decides to demonetize them."

Vanuatu’s banknotes are made by Note Printing Australia Limited, a subsidiary of the Reserve bank of Australia.

Update 8-11-2017: better pictures (source). They look pretty nice right?

Steven | Saturday 04 November 2017 at 4:41 pm | | news | No comments
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Cambodia issues two notes of 1,000- and 5,000 riels

The National Bank of Cambodia has issued two new banknotes of 1,000- and 5,000 riels to celebrate the anniversary of the coronation of King Norodom Sihamoni

The 1,000 riels note measures 142 x 68 mm, is light blue, blue and dark yellow. The 5,000 riels note has the same measurements and has purple and brown as its colors. 


Steven | Sunday 29 October 2017 at 3:21 pm | | news | No comments
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Kazakhstan to switch from Cyrillic to Latin alphabet

The country of Kazakhstan has announced it will change its alphabet from Cyrillic to Latin. The move is part of a modernization and development effort. But the move is also viewed as an attempt to distance the language from Russian and promote nationalism.

"The Latin alphabet will have 32 letters. Certain sounds will be covered by the use of apostrophes. The change over is scheduled to be fully implemented by 2025.

This probably means that the text on banknotes will also be modified. 

Steven | Sunday 29 October 2017 at 3:10 pm | | news | No comments
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Why is the Queen's face so different around the world?

This excellent question is answered in this video at the BBC site where former IBNS President Peter Symes is interviewed. As most collectors know, he has a website where all 31 used portraits of Queen Elizabeth II have been gathered. You can find the 31 different portraits here and the video from the BBC here.

Steven | Sunday 29 October 2017 at 3:04 pm | | links | No comments
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Russia reveals two new banknotes

The Central Bank of Russia has revealed the new 200- and 2,000-ruble banknotes.

The 200-rubles note is green and shows in the front the Monument to the Scuttled Ships in Sebastopol. The back shows a view of "Tauric Chersonesus" (Southern Crimea). It is printed on high density cotton paper with polymeric impregnation to insure longer life.on

The 2,000-rubles note is dark blue and shows on the front the Russky Bridge in Vladivostock, with the Spaceport "Vostochny" on the back. The optically variable security element depicts a stylized image of the bridge against a background of the sun.

It seems they chose a slightly different design for the 2,000-rubles note than previously announced. But if it's a space related theme you won't hear me complaining!

Update 20-10-2017: Ukraine has officially banned the new 200-ruble banknote because it shows images from the annexed territory of the Crimea. "The National Bank of Ukraine said the ban covered all Russian currencies showing "maps, symbols, buildings, monuments" and other objects "based in Ukrainian territories occupied by Russia".This means the 200-ruble note will not be converted into local currency by Russians who travel to Ukraine.


Steven | Friday 13 October 2017 at 08:49 am | | news | No comments
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MacDonald to be removed from Canadian banknotes

The Bank of Canada is planning a new banknote series which should see the light of day at the end of 2018. The first note of the new series will be the 10-dollar note. Viola Desmond (1914-1965) will be the face of that new note as I wrote in December 2016.

I also wrote that Canada’s first Prime Minister, Sir John A. Macdonald who now features the 10-dollar note, would be honoured on higher value banknotes of the new series.

Well, guess again.

It has now been made clear that he will be scrapped from the banknotes all together because of the way he treated the indigenous population of Canada. As The Scotsman writes: "The move comes after a national debate over whether Macdonald should be excluded from anything bearing his name - including bank notes, schools and airports. The row centres around the Indian Act, brought in by Macdonald in 1876, which resulted in 100,000 native Canadian children being forcibly taken away from their parents.

The youngsters were sent to institutions to try to remove the "savage" influence of their parents. Instead, many of the youngsters were subjected to sexual and physical abuse at the hands of the people supposed to "civilise" them. The Indian Act was recently labelled "cultural genocide" by a national commission and a motion has been passed by the Elementary Federation of Ontario calling for Macdonald’s name to be stripped from nine schools."

Steven | Wednesday 11 October 2017 at 11:25 am | | news | No comments
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Switzerland introduces its new 10-francs banknote

The Swiss National Bank (SNB) has introduced its new 10-francs banknote today. This is the third note in the new series and has Time as its theme. Was anyone expecting Swiss watches to be on the note? You won't be completely disappointed.

The new note is yellow of color and is printed on the same Durasafe substrate as the other notes in the series. Time also points to the organisational talent of Switzerland pictured here by the hands of a conductor. There is also the image of the Earth we've seen on the previous issued notes (turned a little further again) and the different timezones on the globe. We can also see a tunnel and, yes there it is, the inner mechanics of a clock.

All details can be seen in this very informative folder (pdf) which also reveals some design elements for the upcoming notes which will be released in the coming years.

Steven | Wednesday 11 October 2017 at 11:01 am | | news | No comments
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RBS launches new 10-pound... into space

On 4 October 2017 the Royal Bank of Scotland issued its new 10-pound note featuring the image of Mary Somerville.

The launch of the new note has been quite spectacular because in honor of Scottish scientist and astronomer Mary Somerville the note was launched not only into circulation but also into space!


Steven | Wednesday 11 October 2017 at 10:37 am | | news | No comments
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