Albania schedules new banknote family for fall of 2019

The Banka e Shqiperise (Bank of Albania) announced a new 10,000-leke banknote last year for a 2020-introduction. As it now turns out this issue will be part of a new family of Albanian banknotes.

According to the site Invest in Albania the first new banknotes of 200- and 5,000 leke will be issued in the fall of 2019. The new series will have the same theme but will be redesigned with new elements and will have more security features than the current series.

Update 14-7-2019: The new 200-leke banknote will be printed on polymer!

Steven Tuesday 09 July 2019 at 7:48 pm | | news | Two comments
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Christine Lagarde nominated for ECB President

After Duisenberg, Trichet and Draghi we will soon have a new signature on the Euro banknotes. Christine Lagarde, who is currently managing director of the IMF, has been nominated for president of the European Central Bank.

After her confirmation new euro banknotes will probably have a signature like the one below. 

And these are the three 'old' signatures side by side.

Steven Tuesday 09 July 2019 at 7:24 pm | | news | No comments
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West African countries choose single currency: 'ECO'

Years ago I posted a link to an article called: "Currency unions in Africa" from The Economist. As it seems one of the predictions of that article will come true: CNN reports that the Economic Community of West African States (ECOWAS) has agreed to adopt a single currency, called the ECO.

The ECOWAS consists of Benin, Burkina Faso, Cabo Verde, Cote d'Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. Six member countries, including Nigeria, Liberia, and Ghana, could be swapping their currencies for a new one - the ECO. Eight ECOWAS countries (Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo) currently jointly use the CFA franc. Originally intended to be launched in 2000, the ECO has been postponed multiple times and the newest target date is 2020.

But don't hold your breath and make room in your collection for new banknotes: the African Development Bank Group (Afdb) in a report says the 2020 deadline for the single currency will most like be postponed again unless the region can align with its monetary and fiscal policies.

Steven Tuesday 09 July 2019 at 7:11 pm | | links | No comments

Georgia announces 10-lari banknote

The National Bank of Georgia announced in 2015 that  new family of notes would be issued. In the years since 2015, several new notes have indeed been introduced. Now the NBG has announced it will issue the last note of this new series: a 10-lari note, to be issued from 1 October 2019.

The front of the note features the portrait of Akaki Tsereteli as well as an excerpt from the poem "Spring" with his autograph, flower and a swallow.

The rear of the note shows a Georgian dancer and graphic artist David Kakabadze's well-known work "Imeretia-My mother" and the state emblem of Georgia. The note is issued in the 130th year since the birth of David Kakabadze.

Steven Tuesday 09 July 2019 at 6:51 pm | | news | No comments
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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

Samoa announces commemorative 10-tala banknote

The Central Bank of Samoa has announced it intends to issue a commemorative 10-tala banknote in celebration of the XVI Pacific Games 2019 which will be held in Samoa on the 7 July 2019. 

"The $10 banknote will be the second polymer banknote issued in Samoa and the first carbon offset banknote created from the polymer substrate. 

Governor Ainuu-Enari said, "The new $10 Tala banknote design, celebrates the youth of Samoa and our sporting legacy.  Their stories of daily life and the realization of their sporting dreams are told through images placed on the note."

The Governor also said, the new banknote is one of a kind for Samoa as it will have a horizontal front and a vertical back.  The security features will be easy to recognize and deter counterfeiting.  With features including the Pacific Games logo depicted as a clear window with flames color gravure that support the clear window shape.  A mask feature beside the clear window appears as a plain printed green pattern when held up to the light, the number 10 appears as well as a pattern of raised dots to help the visually impaired.

This new banknote will be circulated with the existing 10 tala which will remain legal tender."

Steven Friday 31 May 2019 at 7:06 pm | | news | No comments

ECB issues new 100- and 200-euro notes

The European Central Bank has issued the new 100- and 200-euro banknotes on 28 May 2019. With these last two notes the new Europa-series is complete. 

In the words of the ECB: "The new €100 and €200 banknotes make use of new and innovative security features. Just like the other denominations, the new notes are easy to check when using the “feel, look and tilt” method. At the top of the silvery stripe a satellite hologram shows small € symbols that move around the number and become clearer under direct light. The silvery stripe also shows the portrait of Europa, the architectural motif and a large € symbol. The new €100 and €200 banknotes also feature an enhanced emerald number. While the emerald number itself is present on all the other notes of the Europa series, this enhanced version also shows € symbols inside the numerals.

The new €100 and €200 notes are a different size to the old €100 and €200 notes. Both denominations are now the same height as the €50 banknote. However, their length remains unchanged – the longer the note, the higher the value. Since the €50, €100 and €200 banknotes are now the same height, they can be more easily handled and processed by machines. They will also fit better in people’s wallets and last longer, as they will be subject to less wear and tear.

In addition to the security features that can be seen with the naked eye, euro banknotes also contain machine-readable security features. On the new €100 and €200 banknotes these features have been enhanced, and new ones have been added to enable the notes to be processed and authenticated swiftly. As Executive Board Member Yves Mersch highlighted in his speech unveiling the new banknotes, with the changeover to the new €100 and €200 the entire set of euro banknotes will continue to offer strong protection against counterfeiting. This makes euro banknotes even more secure, but also easier to check and handle."


Pictures from banknotenews.com.

Steven Friday 31 May 2019 at 6:57 pm | | news | No comments
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