Argentina announces new 5,000-pesos note.

The Sociedad de Estado Casa de Moneda de la Nacion has begun production of a new 5,000-pesos banknote for the Banco Central de la República Argentina. The new banknote coud be issued in the next few months. 

The front of the note shows Ramón Carrillo, the Prime Minister of Health of Juan Perón. The woman on his side is Cecilia Grierson, the first Argentine doctor. The back of the new note depicts the Malbrán Institute. This institute is currently battling against the Corona virus in Argentina. 

Steven Tuesday 26 May 2020 at 3:01 pm | | news | No comments
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Zimbabwe issues new 10- and 20-dollar notes

The Reserve Bank of Zimbabwe has issued new banknotes of 10- and 20-dollar on 14 May 2020. The 10-dollar note has entered circulation on 19 May 2020 and the 20-dollar note will follow in the first week of June 2020. Both banknotes are made of a hybrid composit material and measure 155 x 66 mm in size.  

The 10-dollar note shows the usual Chiremba balancing rocks in Epworth on the front and the New Reserve Bank Tower in and some Cape buffalo on the back:

The 20-dollar note has the same Chiremba balancing rocks in Epworth on the front. The back shows an elephant and the Victoria Falls:

Steven Tuesday 26 May 2020 at 2:46 pm | | news | No comments
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Parliament of Iran approves redenomination of rial

The Iranian parliament has voted for a government monetary reform bill which will change the country's currency name and drop four zeros from banknotes, Radio Farda reports.

"Under the new law, which will come into effect after the final approval of the Guardian Council, the national currency unit will change from the rial to the toman with 10,000 rials of today being equal to one toman in the new currency. (...) The rial will completely be scraped and the toman will be revalued to equal 100 parsehs. The old coins and bills will remain credible alongside the new toman notes during a transition period of two years after which all financial transactions will solely be made in toman. (...) Although the rial has been the sole currency unit used in Iran since decimalisation in 1932, the toman has been used informally to mean 10 rials. People commonly express amounts of money and prices of commodities in tomans rather than rials. The parseh, however, is a completely new currency unit chosen in a national vote for the naming taken by the CBI [Central Bank of Iran, sb]. "

Steven Friday 08 May 2020 at 09:38 am | | news | No comments
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