South Korea issues Olympic banknote

The Bank of Korea announced in May of this year that in commemoration of the Winter Olympics 2018 which will be held in Pyeongchang from 9 - 25 February 2018 a special banknote would be issued. South Korea follows in the footsteps of China and Russia who also issued special commemorative banknotes celebrating their Olympic games of 2008 and 2014.

"The commemorative note is 140 millimeters wide and 75 millimeters long. The front of the note will feature athletes engaging in seven of the key winter sports events -- speed skating, ski jumping, ice hockey, curling, biathlon, bobsleigh and luge. The other side portrays a tiger and a pine tree, both believed to symbolize the nation, as in the famous “Songhamaenghodo(...)” painting by a leading painter from the Joseon-era, Kim Hong-do (1745-1806 (...)), who went by the pen name Danwon (...)."

The note was introduced from 11 December 2017 when the Bank of Korea issued 2.8 million 2,000-won notes. The notes are not intended for circulation so individual notes were packaged in a folder and sold for 8,000 won each. The bank also sold uncut pairs and sheets of 24 notes. As one might expect: they were sold out very quick but can be found online, for instance on eBay.

Steven Friday 05 January 2018 at 2:08 pm | | news | No comments

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the tickets currently in circulation will be withdrawn and replaced at the end of the year 2018.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 Friday 05 January 2018 at 1:49 pm | | news | No comments
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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 Friday 05 January 2018 at 1:18 pm | | news | No comments
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Tunisia issues new 20-dinar note

The Central Bank of Tunisia has issue 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 Friday 05 January 2018 at 12:44 pm | | news | No comments
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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 Friday 05 January 2018 at 12:24 pm | | news | No comments
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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 Friday 05 January 2018 at 12:18 pm | | news | No comments
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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 Friday 05 January 2018 at 11:57 am | | news | No comments
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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 Friday 05 January 2018 at 11:36 am | | news | No comments

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. 

Steven Friday 05 January 2018 at 11:28 am | | news | No comments
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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 Friday 05 January 2018 at 11:08 am | | news | No comments

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 Friday 05 January 2018 at 10:53 am | | news | No comments

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 Friday 05 January 2018 at 10:34 am | | news | No comments
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