Paraguay ready for redenomination

The Banco Central de Paraguay has stated it's ready for the redenomination of the national currency by eliminating three zeros when Congress approves it.

The nation has been preparing for this move with the value on the current series of banknotes being shown as for instance "20 mil" instead of "20,000". The new banknotes would only have to drop the "mil" or get stamped over to be able to keep on using them.

Steven Wednesday 08 March 2017 at 10:32 am | | news | No comments
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Argentina to issue new 1,000-pesos in November 2017

The Banco Central de la República Argentina will issue the new 1,000-pesos banknote in November 2017 according to an article on Nuevo Diario. The 1,000-pesos note shows the Rufous Hornero bird and the Center Region of Argentina.

The same article also mentions that the old 100-pesos notes with the face of former Argentine President Julio Argentino Roca will gradually be taken off the market and destroyed by a new machine capable of shredding 10 million notes per day.



Steven Wednesday 08 March 2017 at 10:20 am | | news | No comments
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Uzbekistan to issue new 10,000-som note

The Central Bank of Uzbekistan has announced that a new note of 10,000-som will be issued on 10 March 2017. The note has been publicized on the website of the Central Bank and is different from the one circulating online in February 2017. The new note will be the highest denomination in the country. 

The front of the blue note shows the national coat of arms. On the back we can see the Senate building in Tashkent. The new notes are 144 x 78 mm in size. 


Steven Tuesday 07 March 2017 at 10:24 pm | | news | No comments
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Hungary issues new 2,000- and 5,000-forint banknotes

The Magyar Nemzeti Bank (Central Bank of Hungary) is in the process of replacing all its banknotes. The 10,000- and 20,000-forint notes have already been replaced. On 1 March 2017 the new 2,000- and 5,000-forint banknotes were released to the public, according to this press release.

The new 2,000-forint has an image of Prince Gábor Bethlen on the front and Gábor Bethlen among his scientists on the back. The note has an issue date of 15 November 2016 and is 154 mm x 70 mm. For an overview of ecurity features see this helpful site.

The 5,000-forint note has portrait of Count István Széchenyi on the front and Széchenyi's mansion at Nagycenk on the back. This note also has an issue date of 15 November 2016 and is the same size: 154 mm x 70 mm. Security features can be found here.

Banknotenews.com reports that a new 1,000-forint note will be issued in the second half of 2017. 



Steven Tuesday 07 March 2017 at 8:57 pm | | news | No comments
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Iran announces new 10,000-rials note

The Central Bank of the Islamic Republic of Iran has announced that in June 2017 a new note of 10,000-rials will be issued. The new note is reduced in size (from 77 × 160 mm to 71 × 142), has a large number 1 as a registration device and invisible security fibers in yellow, red, blue and green, which are visible with ultraviolet light. 


Steven Sunday 05 March 2017 at 10:29 am | | news | No comments
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Kyrgyzstan issues two updated notes

The National Bank of Kyrgyzstan introduced three updated notes at the beginning of the year, and now they have added two other updated denominations to this set.

The notes of 50- and 100-som have updated portraits, new signatures and the year 2016. 


Steven Sunday 05 March 2017 at 10:22 am | | news | No comments
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Vote for Banknote of the Year 2016

Yes'it's that time of the year again: voting has started to elect the Banknote of the Year 2016. The winner will be decided by a vote of the IBNS, who will consider the artistic merit, design, use of colour, contrast, balance, and security features of each nomination.  The winner will be announced at the the first IBNS Board meeting of the year in Valkenburg, the Netherlands in April 2017 at the annual Paper Money Fair

Every member of the IBNS is able to vote and choose their personal top 3. I haven't nominated any banknotes myself this year because the note I wanted to nominate (the Swiss 50-francs note), had already been sent in by another IBNS member. 

The nominees this year are:

My personal top 3 will be:

  1. Switzerland's 50 Franc
  2. Argentina's 500 Peso
  3. Maldives 1,000 Rufiyaa

Steven Thursday 23 February 2017 at 11:08 pm | | links | No comments
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Uzbekistan to issue 10,000-sum note?

Some rumours from Uzbekistan are circulating on the internet. The Central Bank of Uzbekistan is supposedly ready to issue a new banknote of 10,000 sum, making it the highest denomination and surpassing the 5,000-sum note which was issued in 2013

There is no date yet confirmed when (or if) this new note will be issued. We only have the image below as of now which shows the statue of Amir Temur in Shahrisabz.

Steven Wednesday 22 February 2017 at 9:35 pm | | news | No comments
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Australia presents design of new 10-dollars note

The Reserve Bank of Australia has issued a press release presenting the design for the new 10-dollars banknote which will be issued in September 2017. The Governor, Philip Lowe, said: "The $10 banknote celebrates two famous Australian writers, Dame Mary Gilmore and AB 'Banjo' Paterson. Their work is recognised in several design elements on the banknote, including images of a pen nib in two of the clear windows and excerpts of their poetry in microprint."

Innovative new security features have been incorporated in the new $10 banknote to help keep them secure from counterfeiting. These security features are similar to those in the $5 banknote issued in 2016, such as the top-to-bottom clear window and the patch with a rolling colour effect.

Each banknote in the new series will feature a different species of native Australian wattle and bird. The $10 banknote features the Bramble Wattle (Acacia victoriae) and the Sulphur-crested Cockatoo (Cacatua galerita).

The Bank has been working closely with various parties in recent years to ensure that the new banknotes can be used in a broad range of typical day-to-day transactions across the country, including in machines that take or dispense banknotes. Although the new $10 banknotes will be issued in September, it may take some time for them to be widely circulated. The existing series of banknotes can continue to be used as all previously issued banknotes remain legal tender.

Full details of the design and security features on the new $10 banknote are available on the Bank's website at banknotes.rba.gov.au.


Steven Wednesday 22 February 2017 at 9:16 pm | | news | No comments
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Nepal issues new 1,000-rupees note

The Central Bank of Nepal (Nepal Rastra Bank) has issued a new 1,000-rupees note on 14 February 2017. The front of the note shows Mount Everest, a watermark the of national flower 'Rhododendron' on the right side. The signature is that of Governor Dr. Chiranjibi Nepal in the lower part of the note, and there is a date mentioned as V.S.2073 in Nepali in the border.

The back of the note shows an Asian male elephant and the bank logo. The upper middle part shows NEPAL RASTRA BANK and above the bank logo RUPEES ONE THOUSAND written in English. The date on the back is 2016 A.D. The printer of the note is the China Banknote Printing and Minting Corporation.

Elephants are a popular collecting theme so this note could find its way to many collections. 

Image courtesy of Shankar Shrestha of www.nuphil.com



Steven Wednesday 22 February 2017 at 8:52 pm | | news | No comments
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Zimbabwe issues new 5-dollar bond note

According to Africanews.com the Reserve Bank of Zimbabwe (RBZ) has issued its third bond note, the 5-dollar bond note. The new note comes two months after the introduction of $2 and $1 notes meant to help solve acute cash shortages in the country. Governor of the RBZ, John Mangudya said $15 million of the new notes will bring the total amount of bond notes in circulation to $88 million.

Update 7-3-2017: better pictures:

image from banknotenews.com
image from banknotenews.com

Steven Monday 13 February 2017 at 8:05 pm | | news | No comments
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Poland issues new 500-zlotych note

The Narodowi Bank Polski (National Bank of Poland) has issued its new 500-zlotych banknote with the image of King Jan III Sobieksi (1629-1696) on it. This is the latest addition to the 'monarchs' series and is designed by Andrzej Heidrich who also designed the other denominations in this series. This banknote is the highest denomination in Poland. 

From the press release: "The 500 zloty banknote has some of the most advanced security features in the world. The security features include a windowed security thread, colour-shifting ink and iridescent ink as well as a recto verso element (the graphical elements on both sides of the banknote align in transmitted light), a lobster-tailed pot helmet and windowed security thread (which change colour when tilted), and a watermark visible against the light (presenting a portrait of the king and the value numeral)."

image from banknotenews.com
image from banknotenews.com

Steven Monday 13 February 2017 at 7:54 pm | | news | No comments
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