Venezuela issues new (already worthless) banknotes

Venezuela is in the midst of complete financial and political meltdown so the inflation is skyrocketing. In response to this situation the government has issued three new banknotes of 10,000, 20,000 and 50,000 bolivars.

Will this help the people of Venezuela, potentially one of the richest countries of South America? No. At the moment the 50,000-bolivars note is about 0,20 USD worth. So it appears these notes are only interesting for collectors of hyperinflation currency or for people from Venezuela who have run out of toilet paper. 

p.s. I would've posted a link to the website of the Central Bank but the website is offline at the moment... 

Picture source: banknotenews.com

Steven Sunday 23 June 2019 at 09:55 am | | news | Two comments

Singapore issues commemorative 20-dollar note

The Monetary Authority of Singapore (MAS) has issued a 20-dollar commemorative note on 5 June 2019. The note celebrates Singapore's Bicentennial. From the press release:

"The front of the commemorative note features a portrait of Mr Yusof Ishak, Singapore’s first President, alongside the former Supreme Court and City Hall, which are now the National Gallery Singapore. These two national monuments witnessed many key events in Singapore’s passage to nationhood, including the swearing-in of the state government in 1963 and Singapore’s first national day parade in 1966.

The back of the note showcases eight pioneering individuals who were part of a broad cast who arrived from different lands and made significant contributions to nation building in diverse areas ranging from education, culture and community service to sports and defending Singapore.  Please refer to Annex A for the profiles of the eight individuals.

The eight individuals are portrayed against a backdrop of the old Singapore River, flowing into present-day Singapore. The river was at the heart of Singapore’s development as a trading port, and later our transformation into a business and financial hub.

The note also features a multi-coloured lattice-work that reflects Singapore’s rich and diverse cultural tapestry. The '20' denomination, Singapore Coat of Arms, Singapore Bicentennial logo, and the years '1819' and '2019' are depicted in gold with dynamic optical effects in a security stripe.

The $20 commemorative note was designed by local artists Mr Eng Siak Loy and Mr Weng Ziyan.

Each note comes with a specially designed folder."

Steven Wednesday 12 June 2019 at 9:46 pm | | news | No comments
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Aruba issues new series of banknotes

The Centrale Bank van Aruba has issued its new series of banknotes. From the press release at the time of announcement: "The new series florin banknotes will have a complete new design and contain the latest security features. To realize this important project the CBA has worked closely with local artists, local and international experts, and the internationally renowned banknote producer Crane Currency, and thereby meet as much as possible the high international standards."

Well, they've certainly met the highest standard: just look at those beautiful notes! I feel a nomination for the Banknote of the Year coming up... 





Steven Wednesday 12 June 2019 at 9:35 pm | | news | No comments
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Kenya finally issues new series

The Central Bank of Kenya has taken a loooong time to introduce its new banknote series but it seems that finally we have some images of the new notes. On 31 May 2019 the new series was issued to the public. 

The notes all show the Big Five on the back (buffalo, leopard, rhinoceros, lion and elephant) and the Kenyatta International Conference Centre on the front. The theme of the series and the separate notes is the richness of the people and nature in Kenya. 

  • 50 shillings: Green Energy
  • 100 shillings: Agriculture
  • 200 shilling, Social Services
  • 500 shillings, Tourism
  • 1,000 shillings, Governance





Steven Wednesday 12 June 2019 at 9:21 pm | | news | No comments
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The Gambia removes Jammeh's portrait on new series

According to an article on Gambiana.com the Central Bank of the Gambia has announced it will issue a new series of banknotes without the portrait of former president Jammeh.

"Former Gambian president Yahya Jammeh changed the pictures on dalasi paper notes and replaced them with his portraits after his 2011 landslide victory.

But this alteration on all the dalasi paper notes ranging from the 5 dalasi was widely viewed among Gambians as a political motive of Jammeh towards rigid dictatorship.

And in 2018, the central Bank of the Gambia announced that it will remove the portraits of the exile former Gambian president Jammeh and replace it with pictures that are representative of the Gambia’s historical sites and its rich flora and fauna."

The new notes will enter circulation in June 2019. 

Update 19-8-2019: the new banknotes!





Steven Wednesday 12 June 2019 at 9:15 pm | | news | No comments
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Eastern Caribbean Central Bank announces new series

The Eastern Caribbean Central Bank (ECCB) has announced a new polymer series of banknotes. The series starts with the new 50-dollar note which will be issued in June 2019. The 100-, 20- and 10-dollar notes will be issued around September of this year and the 5-dollar note around September of 2020. 

The new 50-dollar note bears the image of the late Governor of the ECCB, the Honourable Sir K. Dwight Venner. The new notes will be printed by De La Rue on Safeguard. The current notes will continue to circulate side-by-side with the new series. 

Steven Wednesday 12 June 2019 at 9:05 pm | | news | No comments