Algeria replaces all circulating banknotes in 2018

The Banque d'Algérie has announced that by the end of 2018 all currently circulating banknotes will be replaced by a whole new series. 

The new notes will have no pictures of animals and will be printed on a better (probably hybrid) substrate and have advanced security features. This measure will allow the authorities to recover the money supply in the informal market, which is the cause of the lack of liquidity in the banks, which has forced the authorities to switch to non-conventional financing.

The government plans to replace current notes in a gradual fashion, issuing first the denominations of 200 and 500 dinars. If no problems arise, it will continue with the notes of 1,000 and 2,000 dinars before the end of 2018.

Update 26-01-2018: However, ObservAlgerie.com reports that the Central Bank will replace the 500-dinar note with a coin. They also state that the possibility of a new 5,000-dinar banknote is being discussed. 

the tickets currently in circulation will be withdrawn and replaced at the end of the year 2018. According to Ennahar, there will be no pictures of the animals on the new, this would even be the reason for the withdrawal of the current tickets.

This measure, decided by Ahmed Ouyahia's executive, will allow the authorities to recover the money supply in the informal market, which is the cause of the lack of liquidity in the banks, which has forced the authorities to switch to non-conventional financing.

Steven Vrijdag 05 Januari 2018 at 1:49 pm | | news | Geen reacties
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Romania modifies the coat of arms on new banknotes

The Banca Nationala a Romaniei will issue new banknotes and coins with a modified coat of arms. In the new coat of arms the eagle will be crowned.

The new notes are dated 1 January 2018 and will also be issued from that date at the moment new notes are necessary. Older notes will co-circulate.

The rest of the design as well as the security features will stay the same. 

Steven Vrijdag 05 Januari 2018 at 1:18 pm | | news | Geen reacties
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Tunisia issues new 20-dinar note

The Central Bank of Tunisia has issued its new banknote of 20 dinar. Noureddine Taboubi, General Secretary of the Tunisian General Labour Union, announced the new 20-dinar banknote last month.

The new note measures 153 mm x 76 mm. The front shows the portrait of trade union leader Farhat Hached, who was assassinated in 1952 by the terrorist group "La Main Rouge". This organization was operated by the foreign Department of the French External Documentation and Counter-Espionage Service. 

The back of the note shows a partial view of the amphitheatre of El Jem, in the center a panoramic view of this monument and below, in the foreground, a Corinthian capital of the same monument. More info on all the security features can be found here

Steven Vrijdag 05 Januari 2018 at 12:44 pm | | news | Geen reacties
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Sri Lanka is printing commemorative notes

The Central Bank of Sri Lanka will issue special commemorative notes this year. From the Daily Mirror in Sri Lanka:

"Several denominations of new currency notes are to be issued to mark the 70th anniversary of Sri Lanka’s independence next year, Prime Minister Ranil Wickremesinghe said yesterday.

Prime Minister Wickremesinghe revealed this during his visit to De La Rue Lanka Currency and Security Print (Private Ltd) in Biyagama yesterday. The company holds the rights to print currency for the Government of Sri Lanka as well as several foreign governments.

"You were denied access to the premises of this company because several new bank notes that are to be issued to mark the 70th anniversary of Sri Lanka’s independence are being printed here.""

Sri Lanka's Independence Day is celebrated on 4 February 2018 so perhaps we will see the new notes very soon. 

Steven Vrijdag 05 Januari 2018 at 12:24 pm | | news | Geen reacties
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Jamaica issues notes printed by Oberthur Fiduciaire

The Bank of Jamaica has issued new notes of 500 and 1,000-dollar dated 2017 which have been printed by Oberthur Fiduciaire.

There will be no 5,000-dollar notes dated 2017.


Steven Vrijdag 05 Januari 2018 at 12:18 pm | | news | Geen reacties
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Malaysia announces commemorative notes

Bank Negara Malaysia will issue commemorative banknotes in conjunction with the 60th Anniversary of the Signing of the Federation of Malaya Independence Agreement. 

"These banknotes commemorate the 60th Anniversary of the Federation of Malaya Independence Agreement signing in the year 1957. The commemorative banknotes honour the Council (later called Conference) of Rulers’ contribution towards the realisation of the Nation’s independence on 31 August 1957. The Agreement dated 5 August 1957 proclaiming the Yang di-Pertuan Agong as the Supreme Head of the Federation was signed by the Malay Council of Rulers from Johor, Kedah, Kelantan, Negeri Sembilan, Pahang, Perak, Perlis, Selangor and Terengganu with Sir Donald MacGillivray, the High Commissioner of the Federation of Malaya who represented Queen Elizabeth II. The Agreement became a historical constitutional evidence for the independence of the Federation of Malaya."

There will be 3 varieties available:

  1. Single 600-ringgit banknote: this large-sized banknote has a face value of 600 ringgit and will be sold at 1,700 ringgit a piece. The printed quantity is 6,000 pieces. This note is a massive 370x220 mm in size!
  2. Uncut 3-in-1 60-ringgit banknote: this uncut banknote has a face value of 180 rinngit and will be sold at 500 ringgit a piece. The printed quantity is 6,000 pieces. Its sie is 162x252 mm.
  3. Single 60-ringgit banknote: this single banknote has a face value of 60 ringgit and will be sold at 120 ringgit a piece. The printed quantity is 60,000 pieces. The size of the single note is 162x84 mm.

"The design is based on the theme of "Raja Payung Kedaulatan Negara". These commemorative banknotes are the first commemorative banknotes printed by Bank Negara Malaysia on the composite substrate, a combination of polymer and paper substrate, which offers higher security features and longer life span. These banknotes are printed larger in size, based on its face value.

Symbolising Malaysia as a constitutional monarchy, placed in the middle is the majestic royal throne encircled by the portraits of 15 Yang di-Pertuan Agong who have reigned from 1957 till the present day. The obverse design is inspired by the crescent and a 14-pointed federal star which are featured on the royal headgear.

The reverse design features the portraits of the nine rulers signing the Federation of Malaya Independence Agreement on 5 August 1957. These banknotes are decorated with prominent independence and post-independence figures and features. On the right-hand side of the banknote is the triumphant silhouette of Tunku Abdul Rahman Putra Al-Haj, the architect of Malayan independence and the first Prime Minister of Malaysia. Imprinted on the background are four significant landmarks: the National Palace, Perdana Putra, the Parliament building and the Palace of Justice. These reflect the four pillars of the nation: the institution of the Monarchy, the Executive, the Legislature and the Judiciary respectively.

To provide a fair opportunity for the public to buy these limited edition banknotes, there will be a purchase limit (a piece of RM600, a set of Uncut 3-in-1 RM60 and five pieces of RM60 banknotes per person). To improve buying convenience, the public can place their orders online from 5 January 2018. In the event of oversubscription, balloting will take place. Banknotes with special serial numbers will be sold via public auction on 10 March 2018. Further information on the ordering, auction, payment and collection will be informed to the public in a press release prior to the sale date."



Steven Vrijdag 05 Januari 2018 at 11:57 am | | news | Geen reacties
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Djibouti issues commemorative note of 40-francs

The Banque Centrale de Djibouti has introduced a new 40-francs note to commemorate the 40th anniversary of Djibouti’s independence from France. Djibouti bevame independent of France on 27 June 1977.

I think this new note has a beautiful design so I nominated it for Banknote of the Year 2017 at the IBNS website


Steven Vrijdag 05 Januari 2018 at 11:36 am | | news | Geen reacties
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Albania to issue 10,000-leke note

The Banka e Shqiperise (Bank of Albania) has announced it will issue a new note and denomination of 10,000-leke making it the highest denomination in the country, according to the site Albanian Daily News. The new note will have a portrait of the poet Asdreni intertwined with the National Flag and a line of the National Anthem. 

The exact date of issue hasn't been announced yet, but it will be soon. 

Update 3-3-2019: The new banknote will be issued in 2020.

Steven Vrijdag 05 Januari 2018 at 11:28 am | | news | Geen reacties
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Czech Republic announces commemorative note

The Czech National Bank has plans to commemorate the founding of Czechoslovakia. This joyous occasion happened on 28 October 1918 after the First World War and the collapse of the Austro-Hungarian Empire. The country existed until its peaceful dissolution into the Czech Republic and Slovakia on 1 January 1993.

To commemorate this fact, the National Bank has published a competition for the design of the new 100-korun note. The note will be golden-yellow and as main motif for the front the portrait of Alois Rasin, first Finance minister of Czechoslovakia. For the back there is an option between the Schebek Palace, former building of the Banking Authority, or the current building of the Czech National Bank, both pictured below.

The new commemorative note will be issued in 2019. While it is legal tender it won't be widely available. 


Steven Vrijdag 05 Januari 2018 at 11:08 am | | news | Geen reacties

Mauritania issues new series and redenominates

The Banque Central de Mauritanie has issued a new series of banknotes on 1 January 2018. The new series has the following denominations: 50-, 100-, 200-, 500- and 1000-ougiyas. This shows that they've had a redenomination at a rate of 1:10.

The redemption of the current notes, which will cease to be legal tender at the end of the year, will happen in the following tranches:

  • 5,000-ougiya until 31 January 2018
  • 2,000-ougiya until 28 February 2018
  • 1,000-ougiya until 30 March 2018
  • 500-ougiya until 30 June 2018
  • 200-ougiya until 30 June 2018
  • 100-ougiya until 30 June 2018

All the old notes will cease to be legal tender on 30 June 2018, and will lose all value at the end of 2018. 

The new notes aren't exactly show stoppers but they're alright with traditional themes and colors:






Steven Vrijdag 05 Januari 2018 at 10:53 am | | news | Geen reacties
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The Philippines introduce a 'new' family of notes

The Bangko Sentral ng Pilipinas (BSP: the Central Bank of the Philippines) has revealed on 5 December 2017 a new family of notes. The new notes have some minor changes in the design compared to the previous series.

All the changes as mentioned in the press release:

Denomination/s

Enhancements/Changes

200-Piso

- Changes in the images in the obverse side of the banknote particularly those depicting the Declaration of Philippine Independence and Opening of the Malolos Congress

50-Piso

- Addendum in the text "Leyte Landing" to "Leyte Landing October 1944"

1000-Piso

- Deletion of the image of the Order of Lakandula Medal and the phrase "MEDAL OF HONOR" in the obverse side of the banknote

20-, 50-, 100-, 200-, 500- and 1000-Piso

- Changes in the format of the scientific names.
- Increase in the font size of the year mark of the banknotes.

All images from banknotenews.com.

Steven Vrijdag 05 Januari 2018 at 10:34 am | | news | Geen reacties
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Peru issues first banknotes with new currency name

In December 2015 the Congress of Peru decided to change the name of the national currency from "nuevo sol" to just "sol". The nuevo sol was the new name for the currency from 1 July 1991 when it replaced the old "inti".

The Banco Central de Reserva del Perú has just issued the first banknotes with the new currency name on it. The design of the new 10- and 100-sol notes has remained largely the same as the currently circulating nuevo sol-notes. A new blue security thread has been incorporated in the 100-sol note. The new notes will circulate side-by-side with the old notes. 

Two videos of the security features of these new notes after the click.

Read More

Steven Dinsdag 05 December 2017 at 09:00 am | | news | Geen reacties
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Star Wars commemorative fantasy note announced

If you're a fan of Star Wars (me!) and a banknote collector (me, me!) you're going to love this one: to celebrate the release of the 8th movie in the series a special commemorative fantasy note will be sold. The Last Jedi will hit the theatre's around 13 December 2017 but the special auction will be held on eBay (at this shop) on Thursday 7 December 2017. 

The note is designed by De la Rue so you can expect it to look and feel like a real banknote. Only 1,000 commemorative notes will be available from 7 december for a fixed price of 100 pound (about 135 USD or 113 EUR). Another 50 premium notes will be put up for auction. 

"The notes are crafted with 100% cotton cylinder mould paper, securitized and printed in De La Rue’s high security proofing department based in Hampshire. They incorporate an original light side/dark side artwork composition and several special features including serial numbers; pattern work of the First Order and Resistance emblems; hidden scenes (discoverable under 365nm UV light); hidden messages in microtext (discoverable with an eye glass); a message in Aurebesh, one of the languages of the galaxy; and the signature of Director/Writer Rian Johnson. The 50 unique, premium notes will also include an intaglio (a raised, hand-engraving of Rey) and each will have a unique, sequenced serial number. The front of the note represents the Light Side with Luke Skywalker, Rey and the Millenium Falcon while the Dark Side (the reverse of the note) shows Kylo-Ren, supreme leader Snoke and a couple of bad ass spaceships." according to Coin Week.

All the money raised from the commemorative note will be donated to Together for Short Lives. The videos on News.com.au give a better view of some of these very cool features (that light saber!!). 

Steven Dinsdag 05 December 2017 at 08:12 am | | news | Geen reacties
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Uruguay reveals design of its commemorative note

The Banco Central del Uruguay has revealed the preliminary design of the new commemorative banknote of 50 peso which was announced last May. The note celebrates the 50th anniversary of the Central Bank. A total of 10 million notes will be issued and it will be the first polymer note in Uruguay. The final design of the note as well as the date of issue will be the 2nd half of 2018. 

The Central Bank was established on 6 July 1967 but no word yet on a date of issue. The back of the note shows a mural which is titled "Mural: Construcción Portuaria" by artist Walter Deliotti. The mural was designed in 1967, the same year the Bank was founded. A video of the presentation of the new banknote can be found here.

Update 14 September 2018: the new note has been issued today!

source - banknotenews.com
source - banknotenews.com

Steven Maandag 04 December 2017 at 2:51 pm | | news | Geen reacties
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Israeli rabbi forbids looking at 50 NIS-note

The Times of Israel reports that a controversy has broken out in Israel over the use of the 50 NIS-note which was issued in 2014. The controversy started when influential Sephardic rabbi Benzion Mutzafi said he folds the banknote face down in his pocket to avoid seeing the face of poet Saul Tchernichovsky. 

And what, may you ask, has provoked the rabbi's discomfort? Apparently the fact that Tchernichovsky married a Christian woman who kept her faith during their marriage. "Dr. Hagi Ben-Artzi, brother of Prime Minister Benjamin Netanyahu's wife, Sara, said that the use of the Russian-born poet’s image on the bill was "an outrage."". 

Reading the article you suddenly understand a little better why so many 'holy' wars have been raging in this region for the past milennia....

 

Steven Maandag 04 December 2017 at 2:37 pm | | links, news | Geen reacties
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