Venezuela announces new currency and banknotes

The Central Bank of Venezuela will issue a new family of banknotes with a new name for its currency. The new currency will be called "bolívar soberano" equal to 1,000 bolívares fuertes.

The new series will be issued from 4 June 2018 and will have denominations of 2-, 5-, 10-, 20-, 50-, 100-, 200- and 500-bolívares soberanos. The new name of the currency doesn't appear on the new banknotes. 
Venezuela, potentially one of the richest countries in the world, is completely bankrupt due to a corrupt government, bad economic policy and the constant blaming of other countries for its own problems. New banknotes and a new currency won't change any of their problems of course but hey: something new for us collectors. 

Steven Friday 23 March 2018 at 4:38 pm | | news | No comments

Lebanon to issue improved 100,000-livres note

The Central Bank of Lebanon (BDL) will soon issue improved banknotes of 100,000 livres with a wider security thread in three segments and reveals the initials of the BDL if you hold against the light.

The original note was issued from 1 January 2017 and the improved note will be issued from 10 April 2018. 

Steven Friday 23 March 2018 at 4:30 pm | | news | No comments
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Switzerland announces 200-francs note

The Swiss National Bank (SNB) has announced when the new 200-francs note will be issued. In the press release it says: "With the 50-franc, 20-franc and 10-franc notes now issued, the next denomination in the new series to be released will be the 200-franc note. It will be presented on 15 August and will enter circulation on 22 August 2018. The key motif of the 200-franc note – matter – showcases Switzerland’s scientific expertise."

I'm very curious about the design of the note because so far the new series has been beautiful in my opinion.

Steven Friday 23 March 2018 at 4:01 pm | | news | No comments
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Guatemala returns to cotton 5-quetzales banknotes

The Bank of Guatemala is taking a reverse route when it comes to polymer notes compared to many other countries. Their current 5-quetzales note (introduced in 2008) is made of polymer but now they've announced the future notes will made from cotton again. The change will be made gradually in the next two years.

The design of the new cotton fiver will probably be more or less the same and the two notes can be used simultaneously. The current polymer note:

Steven Sunday 18 March 2018 at 07:57 am | | news | No comments
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Ukraine to replace banknotes (eventually)

The National Bank of Ukraine has introduced new coins of 1, 2, 5 and 10 hryvnia. These coins will circulate together with the banknotes with the same denominations but eventually replace them. 

The banknotes won't be printed anymore so they will probably gradually phase out.

Steven Sunday 18 March 2018 at 07:49 am | | news | No comments
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Canada unveils new 10-dollar note

Last year 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. 

On 8 March 2018, International Women's Day, the Governor of the Bank of Canada Stephen Poloz, revealed the new polymer banknote to the public. The new note gives a glimpse of the new series which will have a vertical orientation. 

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.

Steven Friday 09 March 2018 at 4:14 pm | | news | No comments
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Bolivia gears up for new banknote family

The Banco Central de Bolivia has announced that the first note of the new family of banknotes will be issued in April 2018. The first note will be the 10 bolivianos which will be blue. On the front we will see: Gregoria ApazaEsteban Arze and Fuerte Samaipata. And on the back: a Lucachi monkey, the Arco Iris waterfall and a Parajubaea torallyi palm.

Three months later the 20-bolivianos note will follow and so on until all the notes have been issued. The new notes will be printed by Oberthur Fiduciare SAS who won the tender last year.

Steven Friday 09 March 2018 at 4:03 pm | | news | No comments
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Guinea announces new 2,000-francs note

Lounceny Nabé, the governor of the Central Bank of Guinea, has announced the next issue of new Guinean franc notes on Thursday (March 1st), on the occasion of the celebration of the 58th anniversary of the Guinean currency. The new 2,000-francs banknote will be issued into circulation during 2018. 

The Governor also announced the resizing of the 10,000-franc note in 2018. "To facilitate high-capacity processing for ticket sorting and destruction, the BCRG has acquired modern equipment, which have significantly reduced the level and frequency of issuing transactions. The BCRG intends to continue these efforts, through the introduction of a new denomination (cut of GNF 2,000) and the resizing of the 10,000 cut in the course of 2018." .

Steven Friday 09 March 2018 at 3:54 pm | | news | No comments
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Thailand presents next series with new King

The Bank of Thailand has announced the first series with the portrait of the new King Maha Vajiralongkorn Bodindradebayavarangkun (or Rama X). The new series will be issued in two parts: the 20-, 50- and 100-bhat notes will be issued on the Chakri Memorial Day, 6 April 2018. The 500- and 1,000-baht notes will be issued on the King's birthday, 28 July 2018.

The  front side of  the  banknote in  all  denominations depicts  King  Maha Vajiralongkorn Bodindradebayavarangkun in the Royal Thai Air Force uniform as the main portrait. The reverse side of each denomination depicts the portraits of two Kings in order of reign, along with the images of their memorable royal duties.

The sizes and the colors of the series 17 remain the same as the series 16. Most security features are also retained in the new series; however, some new features have been introduced:

  • Security  thread: located  on the  frontside  of  the banknote. Extra  moving effect is incorporated into the 100-Baht banknote security thread.
  • Vertical serial number: Roman alphabet with Arabic numerals are placed vertically.

Steven Friday 09 March 2018 at 2:55 pm | | news | No comments
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Dutch town Westland to issue its own 'money'

For some reason a lot of cities, villages, states and provinces are issuing their own local money these days. It's not actually money to be honest: they are more like local coupons which you can use at certain selected shops in the area. 

It does however give the issuing city a chance to advertise its local pride and glory on a collectible piece of 'money'. The reason I mention this, is because I just read that the area I grew up in is also about to issue its own local 'banknotes'.

The area I'm speaking of is called Westland and is most famous for its horticulture in greenhouses, growing flowers and vegetables which are sold all over the world. It also hosts the largest Flower Auction in the world. So it's no wonder local people are proud of this and it's also no surprise that the local currency, the "Watermunt" or Water Coin, displays vegetables and greenhouses. 

Steven Saturday 03 March 2018 at 4:08 pm | | news | No comments
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