South Africa reveals its commemorative set

The South African Reserve Bank annnounced earlier this year that a special commemorative banknote series would be issued thuis year, celebrating the 100th anniversary of Nelson Mandela. 

In a press release dated 13 June 2018 the Reserve Bank finally shows the design of this new series. The front of the notes remains the same as the current series. The back of the notes show a portrait of a young Mandela and places connected with his life.

  • 10 rand: Mvezo, the villiage where Nelson Mandela was born as Nelson Rolihlahla Mandela on 18 July 1918. 
  • 20 rand: Soweto, where Mandela lived part of his life and began his prostest against Apartheid.
  • 50 rand: Howick, where Mandela was arrested in 1962.
  • 100 rand: Robben Island, where Mandela spent part of his prison sentence.
  • 200 rand: Pretoria, where the 9 m high statue of Nelson Mandela is placed in the Union Buildings grounds.

The new series will be issued from 18 July 2018.  

Steven Maandag 25 Juni 2018 at 12:44 pm | | news | Geen reacties
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South Sudan to introduce new 500-pound note

The Bank of South Sudan (don't bother clicking the link, they still haven't got a proper website) has announced it will introduce a new 500-pound note "soon". The introduction of the new 500-pound banknote, which will be the highest-domination note in circulation in the country, comes as a direct result of the soaring inflation four-and half-year after the beginning of civil war. 

On the black market at the moment, one U.S. dollar is exchanged for 300 South Sudanese pounds.

Steven Maandag 25 Juni 2018 at 12:32 pm | | news | Geen reacties
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Macedonia to be renamed to North Macedonia?

Macedonia and Greece have finally signed an agreement regarding the name of Macedonia. Officially Macedonia is called the Republic of Macedonia but because Greece also has a region within its borders called Macedonia, they didn't accept their neighbors using this name. So when Macedonia became a member of the United Nations in 1993 the country was admitted under the provisional description "The Former Yugoslav Republic of Macedonia" sometimes abbreviated as FYROM. Not really a catchy name... 

On 12 June 2018 an agreement was reached between Greek prime minister Alexis Tsipras and his Macedonian counterpart Zoran Zaev, where the Republic of Macedonia could be renamed the "Republic of North Macedonia". Zaev has stated his intent to put the new name to a referendum before officially renaming the country.

If the new name is officially adopted, this will probably also mean a new name on the (North) Macedonian banknotes.

Update: I've switched off the reactions. My site isn't the place for political propaganda, there are plenty of other websites for just that. 

Steven Maandag 25 Juni 2018 at 12:13 pm | | news |
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Sudan issues new 50-pound note

The Central Bank of Sudan has issued a new 50-pound note to combat the many counterfeited bills of the previous issue. 

The new banknote is dated 2018 and the dominant colors are rose and violet blue. The front of the note shows the Central Bank building and three gold bars, with a sailboat in the back. In the top left it has the value "50" printed with optical variable ink that changes from golden to green.

I wonder what the note looks like in reality. The picture below looks like it has been through a few cycles in the washing machine.  

Steven Zondag 10 Juni 2018 at 12:03 pm | | news | Geen reacties
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