Tesfanews reports that Eritrea has issued a new series of banknotes. From the website:
"The National Bank of Eritrea recently issued a legal notice No. 124/2015 that all Nakfa currency notes in circulation must be exchanged for new government-issued notes. This decision by the country’s central financial institution is expected to have a major positive impact on the economy.
The nationwide currency replacement program is not meant to change the value of the money, as the exchange will be on a one-to-one basis. Instead, it was aimed at stimulating the economy by regulating circulation of the national currency.
The redemption program have started since 18th November this month and will continue until the end of this year. Effective the first day of January 2016, the old Nakfa currency notes will have no value.
The new Nakfa notes have similar designs but less color contrast than the old notes. With some added security features, the new currency notes have a printing date of 24 May 2015 while the 100 Nakfa bills are printed on 24 May 2011.
Eritreans overwhelmingly welcomes the introduction of the new currency notes. However, individuals and organization who were working outside of the formal economy by hoarding large sums of money for informal foreign currency exchange, money laundering, counterfeiting, and contraband purposes have reasons to worry as the new measures will squeeze them out and turn their Nakfa empire into a worthless pile of paper."
The images (sadly not in the best quality) of the new notes:
The Central Bank of Trinidad and Tobago has issued an updated design of its award winning 50-dollar note. The new note has three updated features from the original design. One of them is the introduction of tactile features for the visually-impaired.
Because the other two new features haven't been made public by the bank there were some concerns that the notes were counterfeit. Perhaps more details will be provided in the future.
Update 5-12-2015: the other banknotes are also getting a facelift to help the visually-impaired. The add-ons are:
- 1 dollar: Triangle
- 5 dollars: Triangle inside a triangle
- 10 dollars: Square
- 20 dollars: Square inside a square
- 50 dollars: Raised circle
- 100 dollars: X
The Scottish Clydesdale Bank is introducing a new 20-pound note which is signed by Clydesdale Bank’s chief operating officer Debbie Crosbie, the first woman to sign a Scottish banknote.
The new Scottish 20-pound notes will feature Robert the Bruce, who was king from 1306 to 1329, on one side, and a picture of the historic mill house at UNESCO World Heritage Site New Lanark on the other side.
Banknotenews.com reports that Albert Pick has passed away. Most famous for creating the first edition of the Standard Catalog of World Paper Money and the Pick-numbering system he was one the 'Founding Fathers' of our hobby.
The National Bank of Kazakhstan will introduce a new 20,000-tenge note on 1 December according to this press release. The size of the note is 155x79 mm and the color is blue-gray. The date of issue, 1 December, is the 'Day of the First President of Kazakhstan'. Until now the highest denomination in Kazakhstan was the 10,000-tenge note but a 38% drop in the value of the tenge in the last three months prompts a higher denomination. The new note had already been made in 2013 so perhaps it was on the shelf for this occasion?
The front of the note shows the Kazakh Eli monument commemorating Kazakhstan's independence, and on the other side is the presidential palace.
Other notes in this series have won awards for IBNS Banknote of the Year so obviously the design appeals to some people (myself not included I'm afraid). Will this be another winner?
Recently I was asked to be an editor for 't Watermerk, the quarterly magazine from the Dutch chapter of the International Banknote Society (IBNS). My 'task' is to gather all the banknote news and describe the latest banknote issues from the different central banks all around the world. So pretty much what I also write about here! For the readers of 't Watermerk who have just found me via the link in the latest magazine issue I bid you a warm welcome here!
As the name of my site sort of suggests this is my personal banknote site. The main reason why I began gathering and writing about banknote news was a personal frustration. Whenever I went to an auction, a papermoney fair or a shop and wanted to know something more about a new banknote I discovered, I had to go through several sites to find a particular piece of information I was looking for. So I decided to gather the info for my personal collecting preferences. You'll also find some info about my personal collection at the right for the exact same reason.
That also means I feel very comfortable giving my opinion on new banknotes. Of course I provide the bare facts like the issuing authority, denomination, color, etc. etc. but I also looooove to give my opinion. If I think a new note is beautiful I'll let you know. If I think it looks like the product of a kid painting with cat vomit I will definitely let you know. What if you disagree with my opinion? Great! Jut let me know in the comments.
So that's basically it. If you have any questions just let me know and as a final note I wish you lots of success with your own collection. Fijne dag verder!*
*(that's Dutch, don't worry)
Argentina has a new president, Mauricio Macri, and he has made a statement on the country's banknotes which is of course interesting for us collectors. He stated that the country needs a new 500-peso note but in contrast with his appointed Interior Minister he denied that the new note will be issued in January 2016.
The biggest problem for that plan is the fact that the new head of the National Bank of Argentina, Federico Sturzenegger, has to be appointed first. But the current head of the national bank has been appointed until 2019 so that's a bit of a problem.
The Bank of Guyana has plans to introduce a new 50-dollar commemorative note. The new note will commemorate the 50th anniversary of the country. The Bank of Guyana is expected to release the new note around April or early May 2016 in time for the country’s 50th Independence Anniversary on 26 May 2016. No news on the design yet I'm afraid.
Gizmodo has a very nice article (with beautiful pictures): The Illustrated History of American Money Design. Definitely worth a look.
The Central Bank of Oman has issued a new commemorative banknote of 1 rial on 18 November 2015 commemorating the 45th National Day. From the website: "On the occasion of the 45th National Day 2015, the Central Bank of Oman is pleased to announce to the Public the issue of a New Commemorative Banknote of R.O. 1 denomination with effect from Wednesday, 18th November 2015.
This new banknote shall be in circulation as legal tender along with the existing banknotes. Describing the technical aspects and the appearance of the newly issued RO 1 bank note, the press release from the bank indicated that the new note bears a portrait of His Majesty Sultan Qaboos Bin Said and the facsimile signature of His Majesty at the centre of the note.
In addition there’s a water mark portrait of His Majesty on the right side of the note, the National Emblem (coat of arms) at the centre, “Central Bank of Oman” in Arabic on top of the note.
Similarly, the serial numbers are seen on right and left side of the note with the denomination in Arabic on right and on left side of the note. The wording “45th National Day” in Arabic can be sighted at the right bottom of the currency note.
The Al Alam Palace is featured at the right side of the note, while the recognition feature for the blind persons can be seen on both sides of the note.
The vertical windowed security thread in two metallic colours is embossed at the left side of the note."
This note sure has interesting colors doesn't it? I really wonder what it will look like for real and at a face value of just over 2 euro or dollars this shouldn't be that difficult to get.
One new banknote this week with a big thank you to my traveling aunt who visited Lithuania recently: 10 Litu, P68.
From Wikipedia: "The reverse of the 10 litu banknote featured Lithuanian heroes, Steponas Darius and Stasys Girenas. In 1933 they flew from New York over the Atlantic Ocean with a small plane called Lituanica. However, the plane mysteriously crashed in Germany (now Poland). The duo did not survive.
The obverse depicts Lituanica flying over the Atlantic Ocean with visible shores of the North America and Europe. This banknote was noticed by the international press covering the introduction of the litas. Journalists made a metaphor that the litas should do better than the pilots, i.e. the litas, hopefully, would not crash. The most recent release clearly shows Darius wearing the cap with an insignia from the Palwaukee Municipal Airport located in Wheeling, Illinois. It attracted some attention from topic collectors.
The banknote was designed and redesigned by Giedrius Jonaitis. The very first draft of new Lithuanian currency had Darius and Girenas on the 5 litai banknote. It was released in different designs four times (in 1993 (twice), 1997, and 2001). The first banknote design started an international scandal. In 1992, these banknotes were printed and ready to be released to the public. However, it was discovered that they were virtually unprotected. It delayed the introduction of the litas as the banknotes had to be reprinted. The banknotes bearing the date "1991" were released for a very short time and were quickly replaced by the 1993 issue. The major design ideas have not changed throughout the issues."
The Banco Central de Reserva del Perú (Central Bank of Peru) has issued the last three banknotes from the revised and updated new series. The design has basically been kept the same but the security features have been updated. One new feature is a special security thread with moving parts that can be seen when the note is tilted.
The new notes will circulate side-by-side with the old notes.
The Central Bank of Iraq announced it has issued a new 50,000-dinar banknote.
From Iraq Tradelink News: "In a statement, the bank said that the issuance of the new banknote is to "restructure the Iraqi currency and providing a high value currency in circulation"." Earlier the CBI had already announced its intention to issue high-value currency in both Arabic and Kurdish languages. Update: The press release and its translation can be read here (thank you to John Raine!).
The front of the note shows a water wheel on the Euphrates river and the Gali Ali Beg waterfall in Kurdistan. The back has fishermen on canoes, ducks, water buffalos and a reed house. One of the security devices is the Malwiya Tower, a spiral minaret at the Great Mosque of Samarra.
MRI Bankers' Guide reports that the National Bank of the Republic of Macedonia is still going to issue the new denominations of 200 and 2,000 denara. The new note were announced in November 2014 but won't be in the Macedonian wallets until the end of 2016. The National Bank held a competition for the design of the notes. From the press release:
"Leitmotif of the obverse of the conceptual, and art and graphic design of the 200 denar banknote is the relief with a presentation of the 41st Psalm of David from the Old Testament, which belongs to the infamous terracotta icons from Vinica, one of the most important early medieval archaeological discoveries on the territory of the Republic of Macedonia. On the same side, in the left center field, there is a presentation of an early medieval bow bronze fibula from the beginning of the VII century, found near Prilep. The reverse of the banknote contains a presentation of an architectural and art element of the frontal facade of the "Colorful (Aladzha) Mosque" in Tetovo, one of the most attractive monuments of architecture and art from the Ottoman period in the Republic of Macedonia, complemented by floral elements taken from the decoration of the marble floor tiles of the famous "Isaac Mosque" in Bitola, built at the beginning of the XVI century.
Leitmotif of the obverse of the conceptual, and art and graphic design of the 2000 denar banknote is the presentation of Macedonian bridal costume from Prilep Field, as an impressive reflection of the richness of the folklore heritage of the Republic of Macedonia. On the same side, in the left center field, there is a presentation of a pendant in the form of a poppy head, which was discovered in Suva Reka, Gevgelia. It is an artifact dated to the VII century BC and belongs to the well-known group of Paionian-Macedonian bronzes. The reverse of the banknote contains a presentation of the decoration of the inside of a gilded vessel, which originates from the XVI century and whose central field shows two affronted peacocks near the "source of life" surrounded by lavish floral decoration."
The People's Bank of China has announced that a new commemorative 100-yuan note will be issued. The beautiful blue note commemorates the Chinese space program. The banknote will be issued from 26 November 2015, measures 155 x 77 mm and 300 million pieces will be printed.
The front of the note depicts the Shenzhou 9 spacecraft docking with the Tiangong 1 space station, which occured on 18 June 2012. To the left we can see the Dongfanghong 1, China's first satellite launched in 1970. On the right side is the Chang'e 1 lunar-orbiting spacecraft. The back of the note shows a sort of ladder with the different stages of flight, starting at the bottom with a bird, above that an early plane by Chinese aviation pioneer Feng Ru. Next we have a fighter jet, then the future Tiangong 3 space station which will be launched in 2020 and at the top we see the Chang'e 1 lunar-orbiting spacecraft again.
I like commemorative banknotes and I love them even more when they have a space theme (check out my space and astronomy notes blog). So this is one I'm definitely getting for my collection!
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