Introduction to Banknotes and Banknote Collecting

(The text below is copied from the IBNS website and the 36-page PDF is highly recommended, also for more experienced collectors)

Are you interested in finding out more about banknotes and banknote collecting?

Do you know

  • how banknotes are manufactured?
  • the different features that can appear on a banknote and why they are there?

Have you thought about starting a banknote collection but want some information about

  • where to start
  • the equipment you need
  • how to look after your collection
  • the different grades and condition of banknotes

Members of the International Bank Note Society (IBNS) with many years of experience of banknotes and banknote collecting have produced

The IBNS Introduction to Banknotes
and Banknote Collecting

Aimed at beginners, it includes answers to those questions as well as the definition of a banknote, its various features and how banknotes are manufactured, as well as an outline of aspects to be considered when building a collection of banknotes including information on how to grade a banknote.

If you want to take your interest in Banknotes even further, why not consider joining the International Bank Note Society?

Membership of the IBNS has numerous benefits which include:

  • bringing together people with a common interest in banknotes
  • the award winning IBNS Journal produced quarterly which includes articles covering all aspects of banknotes as well as the Society’s activities
  • a forum on the IBNS Website for members to discuss matters and ask questions

To gain the most from an interest in banknotes, membership of the IBNS is recommended.  Membership of the IBNS costs $36.00 USD (£28.00 GBP or $48.00 AUD) per year.  

To become a member please complete an
application form - https://www.theibns.org/join

Steven | Monday 10 December 2018 at 6:54 pm | | links | No comments
Used tags:

Algeria ready for two new banknotes this year

The Banque d'Algérie has already printed the new 500- and 1,000-dinars banknotes and they might be issued before the end of this year. 

The 500-dinars will have as its main motif Science and Technology and show the technological advancement of Algeria over the years. The 1,000-dinars note has National Traditions and Customs as its motif and will have the Great Mosque of Algiers as an image. The Great Mosque is being built right now and will be the largest in Africa, with the world’s tallest minaret at 265m. The new notes will probably be printed on a better (perhaps hybrid) substrate and will have advanced security features.

Steven | Friday 07 December 2018 at 09:42 am | | news | No comments
Used tags:

Egypt announces its first polymer banknote for 2020

The Central Bank of Egypt has announced its intention to start issuing polymer banknotes from 2020. The first polymer banknote will be a 10-pounds note, according to gdnonline.com

In a statement to state-run Middle East News Agency (MENA), CBE Governor Tarek Amer said that the polymer banknotes would be more durable than paper ones.

"Polymer banknotes are already being used in major economies," he said, adding that the initiative would benefit Egypt’s currency market, slash printing costs and enhance the quality of banknotes.

He said banks would start issuing the polymer banknotes, with a denomination of 10 pounds, at its printing headquarters in the new administrative capital.

Steven | Friday 07 December 2018 at 09:37 am | | news | No comments
Used tags: ,

Yemen to issue new 100-riyals note early 2019

According to Buyemen.com  the Central Bank of Yemen wil issue a new 100-ritals note early 2019. The new notes are printed in Russia. The Central Bank also announced that it is considering issuing a coin to replace the 50 riyals banknotes.

A first glance of the new banknote:

Steven | Friday 07 December 2018 at 09:33 am | | news | No comments
Used tags:

UAE issue commemorative 100-dirham note

The United Arab Emirates Central Bank has issued a 100-dirham note in commemoration of the Year of Zayed, which coincides with the 47th National Day. The banknote carries a "Year of Zayed" logo. The new banknote pays tribute to the life of the UAE’s Founding Father, the late Sheikh Zayed Bin Sultan Al Nahyan

Courtesy of Triaff Nikitin. 

Steven | Friday 07 December 2018 at 09:18 am | | news | No comments

Romania issues commemorative numismatic product

The Banca Nationala a Romaniei (National Bank of Romania) has announced a new commemorative banknote of 100 lei, commemorating the 100th anniversary of the Great Union. It marks the unification of Transylvania, Bessarabia, and Bukovina with the Romanian Kingdom in 1918. 

There will only be 10,000 bankniotes available as a numismatic product. Some of the details from the press release:

  • size: 147 x 82 mm;
  • prevailing colour: blue;
  • polymer substrate, printed in plane/relief mixed technique; 
  • complex transparent window

"The obverse of the banknote shows the following representative graphical elements: on the right side, the portraits of King Ferdinand I and Queen Maria; below, on two lines, their names and life spans, namely "REGELE FERDINAND I 1865-1927" and "REGINA MARIA 1875-1938". In the central area, an image depicting the Great National Assembly in Alba Iulia, on 1 December 1918.

The obverse also shows: the coat of arms of Romania, in the upper left part, the name of the issuing central bank "BANCA NAȚIONALĂ A ROMÂNIEI", in the upper part horizontally, and below, the NBR logo in a medallion and, further down, the years "1918-2018". The face value is printed four times, as follows: in the lower left corner, horizontally, in figures, "100"; in the lower central area, in letters, on two lines, "LEI UNA SUTĂ"; in the lower right corner, vertically, in letters, "UNA SUTĂ LEI" and in the upper right corner, vertically, in figures, "100".

The signatures of the Governor and the Chief Cashier are printed in the central area, above the face value in letters.

The date of putting the banknote into circulation, i.e. "1 decembrie 2018", is printed vertically, on the right side.

The reverse of the banknote features the arrival of the royal cortege in Bucharest, on 1 December 1918, and part of the mace of King Ferdinand I, together with four women in folk costumes typical of each united Romanian province: Bessarabia, Romania, Transylvania and Bukovina.

Below is the text "FALSIFICAREA ACESTOR BILETE SE PEDEPSEȘTE CONFORM LEGILOR" (Forgery is punished according to the law).

The name of the issuing central bank "BANCA NAȚIONALĂ A ROMÂNIEI" is placed in the upper part, horizontally, and the NBR logo is printed in the upper right corner and in the lower left corner. The face value is printed as follows: vertically, in the upper left corner, and horizontally, in the lower right corner in figures, "100" and horizontally, in the lower left corner in letters, "UNA SUTĂ LEI".

The serial number of the banknote is printed in letters and figures, in red and black ink, as follows: on the left side, horizontally, in red ink, with fonts of ascending height and on the right side, vertically, in black ink."

Steven | Friday 07 December 2018 at 08:51 am | | news | No comments

Armenia issues first notes of new series

The Central Bank of Armenia has issued  the first three notes of of the new series on 22 November 2018, on the 25th anniversary of the introduction of the national currency. The first three are the 10,000-, 20,000- and 50,000-dram notes. The second batch of new notes (1,000-, 2,000- and 5,000-dram notes) will be issued from 25 December 2018. 

These new notes were designed by Edward Kurginyan, Vardan Vardanyan and Suren Simonyan. In the new series we can see that the 100,000-dram note is not present but the Central Bank stated that the current notes will continue to be used. 

The faces on the new notes are: 



Steven | Tuesday 27 November 2018 at 6:20 pm | | news | No comments
Used tags:

China announces new commemorative 50-yuan note

The People's Bank of China has announced that a commemorative banknote of 50 yuan will be issued from 28 December 2018. The note commemorates the 70th anniversary of the issuance of the renminbi (RMB), China's national currency. 

The front of the note shows the tree ring and the first to fifth sets of representative parts of the RMB. At the top left is the national emblem pattern, the name of the "People's Bank of China", and the words "The 70th Anniversary of RMB Issuance" and "1948-2018".

The back of the note shows the People's Bank of China Building, supplemented by Peony, the former site of the People's Bank of China, the first set of RMB distribution notices and the silhouette of the city building. In the upper left corner of the ticket is the denomination number "50", the Chinese Pinyin alphabet of the People's Bank of China and the words and denominations of the "People's Bank of China" in the four national languages ​​of Mongolia, Tibet, Victoria and Zhuang. 

Steven | Tuesday 27 November 2018 at 6:07 pm | | news | No comments
Used tags: ,

Canada issues its new 10-dollar banknote today

Last year on 8 March 2018, International Women's Day, the Governor of the Bank of Canada Stephen Poloz, revealed the new polymer 10-dollar banknote to the public. The new note gives a glimpse of the new series which will have a vertical orientation.  The Bank of Canada chose Viola Desmond (1914-1965) as the face for the new 10-dollar banknote, the first note of a new series of banknotes. 

From the press release: "The back of the $10 bank note features images and symbols that represent Canada’s ongoing pursuit of rights and freedoms. It features the Canadian Museum for Human Rights—the first museum in the world solely dedicated to the evolution, celebration and future of human rights. Also depicted on the note are an eagle feather—representing the ongoing journey toward recognizing rights and freedoms for Indigenous Peoples in Canada—and an excerpt from the Canadian Charter of Rights and Freedoms."

The press release als mentions some other interesting facts: 

  • With the issuance of this new $10 note, the Bank of Canada’s approach to issuing bank notes is changing. Rather than issuing all five denominations within a short time frame, a new note will be issued every few years. This will allow the Bank to integrate the latest security features each time a new bank note is issued, ensuring that Canadians can continue to use their bank notes with confidence.
  • To continue to celebrate more iconic Canadians, the next $5 note will also feature a new portrait subject and supporting imagery. In due course, the Bank will launch another consultation process to seek input from Canadians on the design of the next $5 note.
  • As a result of the consultation processes to select new portrait subjects for the $10 note and the next $5 note, Canada’s first Prime Minister, Sir John A. Macdonald, and first francophone Prime Minister, Sir Wilfrid Laurier, will be honoured on higher value bank notes when they are redesigned.
  • These changes mean that former prime ministers William Lyon Mackenzie King and Sir Robert Borden will no longer be portrayed on bank notes. The $20 denomination will continue to feature the reigning monarch.

There will be live webcast for the presentation, so watch it while it lasts:

Steven | Monday 19 November 2018 at 3:26 pm | | news | No comments
Used tags: ,

New additions week 47 - 2018

It's so nice to have family living around the world, so they can arrange new banknotes for you! Like the new 1,000-baht note! Just need the 500-baht note from the new series now... 

Steven | Monday 19 November 2018 at 3:00 pm | | new additions | No comments

Guernsey issues World War I banknote

The island of Guernsey has issued a commemorative 20-pound note to commemorate the 100th anniversary of the end of World War I.

The note, which was issued on 8 November 2018, is like the existing 20-pound note but with (some pretty cool) special details added. From the press release:

  • The serial number has a special prefix of TGW denoting 'The Great War'
  • There are multiple poppy motifs throughout the front and back of the note:
    • The security hologram shows a poppy together with the denomination 20
    • There is a wreath of poppies around the gold seal
    • On the back of the note there is a prominent multi-coloured image of poppies

A limited issue of 500,000 notes has been commissioned. Uncirculated banknotes can be purchased from the Guernsey Post Office, Envoy House, La Vrangue, St Peter Port GY1 1AA website www.guernseystamps.com/bank-notes.

Steven | Thursday 15 November 2018 at 8:56 pm | | news | No comments
Used tags: ,

Two Northern Ireland banks announce polymer notes

From the BBC: "Two Northern Ireland banks have announced a switch to polymer £5 and £10 notes. The new Danske Bank and Bank of Ireland currency will enter circulation in February 2019. (...) 

Danske Bank's new £10 polymer note will be similar in design to its current paper note, bearing a portrait of inventor John Dunlop. (...) Bank of Ireland is to produce new £5 and £10 notes, with the polymer versions retaining the image of Bushmills Distillery in County Antrim. 

Both banks will also introduce polymer £20 notes in 2020 or 2021. (...) Neither has said when the paper note equivalents will cease to be accepted, but they will be gradually removed from circulation."

source - www.mriguide.com

Steven | Friday 09 November 2018 at 3:26 pm | | news | No comments
Used tags: ,