Recently I wrote a post about the Crimea, the Ukranian peninsula which has been annexed by Russia. In the past the Crimea had its own banknotes but since the decision has been made to adopt the ruble as its second official currency, that doesn’t seem to be needed anymore. But now it seems that they will get a Crimean banknote after all, only issued this time… by Russia!
According to an article (google translate) in Pravda, the Central Bank of the Russian Federation may issue a 100 ruble banknote commemorating the Crimea by the end of 2014. I wonder how that move will be perceived by the Ukraine?
Update 10 December 2014: the press service of the Central Bank has confirmed that a commemorative 100 ruble note dedicated to the Crimea will be issued in 2015.
Update 13 November 2015: first Deputy Chairman of the Bank of Russia Georgy Luntovsky has announced that the new note wille be issued in December 2015. It will have 'unusual colors' and 20 million pieces will be printed. The new banknote will show symbols from Crimea and Sevastopol but the denomination hasn't been announced yet.
The Central Bank of Turkmenistan has issued revised banknotes of 1, 50 and 100 manat. The updated notes have enhanced security features, including microprinting, pearlescent stripes, wider windowed security threads and holographic stripes.
The Monetary Authority of Singapore (MAS) has announced that from 1 October 2014 it will cease to issue any more 10,000 dollar banknotes. The notes which have already been issued will remain legal tender indefinitely. This decision has been made to combat money laundering and other forms of (financial) crimes. The large notes make it very easy to distribute large sums of money between criminals or carry cash across borders. In 2010, Britain's Serious Organised Crime Agency estimated that 90 percent of 500 euro banknotes sold from exchange bureaus in the country were in the hands of organized criminals. The MAS indicated that it's unlikely this decision will cause much inconvenience.
The 10,000 dollar note is at this moment the most expensive banknote in circulation in the world and is worth around 8000 US dollars or 5875 euro.
The State Bank of Pakistan (SBP) will start issuing banknotes bearing the signature of SBP Governor Ashraf Mahmood Wathra with effect from 2 July from the field offices of SBP Banking Services Corporation, according to a statement issued on Tuesday.
The banknotes bearing the signature of the previous governors will continue to remain in circulation as a legal tender.
Just one addition to my collection this week but for me a great one: the 10,000 gulden note from Suriname (P153). Why is this great? First of all I think the design of this note is beautiful (who doesn't like birds and flowers?). But this also means that I'm down to just one missing banknote from this beautiful series from the year 2000: the 25,000 gulden note. So if anybody has this on offer for a reasonable(!) price 
?
General Director Arkady Trachuk of Goznak (the Russian banknote printer) has stated in an interview that Russia won't be introducing polymer banknotes in Russia. "In the near future, I think, we are not going to surprise you with something radically new. We are not planning either a 3,000-ruble note, or plastic money," he said.
Surprisingly he also stated: "From the point of view of duration, price and quality, paper money is usually more effective than plastic money." I think not everyone will agree with him on this, apart from the price argument. The next statement seems to provide a more convincing argument for the Russians: "And given the problems of the disposal of plastic money and the fact that there is only one company in the world that manufactures the substrate, on which one can print these notes, the story turns out to be not so interesting at all." He also mentioned that polymer notes seem to be more suitable for countries with a humid climate.
The Reserve Bank of Malawi (RBM) has announced new and revised banknotes. The new banknote will be a special issue of 1000 kwacha in commemoration of the country’s 50 years of independence. This commemorative issue will be issued on independence day 6 July 2014 and it will have "50 Years of Independence" written on the right hand bottom corner. It will circulate alongside the current 1,000 kwacha note and both notes will be legal tender.
Besides the new note there was the announcement by RBM governor Peter Chuka that the current series, which was introduced in 2012, will get an updated design with features for blind people. This decision had been made in response to feedback from the public, especially the Malawi Union for the Blind. Some of the banknotes which will have enhanced blind features are the 50, 100, 200, 500 and 1,000 kwacha. This would mean that the 20 kwacha won't be updated?
Update: The new enhanced banknote series will be issued in August 2014.
Update (2): and here is the new commemorative note:
The Banque Central de Mauritanie has issued a new 500 ouguiya banknote. It resembles the old 500 ouguiya note very much (see old note and ). The new note is different in size however (making it smaller than the old version at 138 x 65 mm) and lacks the holographic patch on the front.
Several new security features have been added though: electrotype 500 added to the watermark, a windowed security thread, iridescent PEAK (Printed Embossed Anticopy Key) and LOOK (Laser Originated Optical Key) on three digits of the serial number.
The president of Argentina, Cristina Fernandez de Kirchner, has unveiled a new 10 peso note on 21 June. The new note shows images of General Manuel Belgrano in military uniform and of Juana Azurduy. The new note will be issued by the Central Bank of Argentina in the next six months, possibly along with the new 50 peso note which was unveiled some time ago.
Just after the news that Scotland will issue the first British polymer banknote next year, the Scots have another novelty with the introduction of the first hybrid banknote in Europe. This time the Royal Bank of Scotland has the honour with a commemorative 5 pound note celebrating the Ryder Cup.
The prestigious golf competition between teams from Europe and the United States will take place at Gleneagles in Perthshire from 23-28 September. The memento will be is on sale online as part of official Ryder Cup commemorative packages, which cost £20. The notes will not be in general circulation, however they will be legal currency.
The bank note will be printed on hybrid paper, a mix of traditional cotton paper and polyester plastic materials, which should make it more durable and resistant to staining. On the front of the note, the design includes a see-through window in the shape of The Ryder Cup. The banknote will be the first to contain the signature of new RBS chief executive Ross McEwan. The banknote is printed by Giesecke and Devrient.
Last January I wrote an article on the new Somali banknotes and why they were postponed. Today I read some news on these new notes on Raxanreeb.com. It seems the new notes could still be issued. Right now the Somali government (or what's left of it) is in talks with the IMF on the introduction of new notes or a whole new currency. It is however still unclear when the final decision will be taken.
While Croatia is licking its wounds after being screwed by the Japanese referee defeated by Brazil last night at the World Cup 2014, the National Bank of Croatia has issued a new commemorative note on 30 May 2014. The 20 kuna note commemorates the 20th anniversary of the introduction of the Croatian currency kuna and lipa.
On the commemorative motif: "on the left side of the banknote, at the position of the watermark with the portrait of Josip Jelacic, the microtext "DVADESETA OBLJETNICA HRVATSKOGA NOVCA KUNE I LIPE 2014." runs in thirty-four continuous vertical lines, creating a rectangle with some letters and numbers bolded to form number "20" and the inscription "OBLJETNICA" printed in iridescent colour in three lines over the rectangular base; the dominant colour of the background is reddish violet."
Via
Update: the National Bank also has a commemorative set for sale with the 10 and 20 kuna banknotes!
Recently I wrote an article about the Mujand Trading Company which designs and produces fantasy banknotes. These are not just banknotes with a nice design but they are part of a whole story and mythology centering around the planet Blissdane where several 'countries' exist. Three sets have been issues so far and four more will be issued in the future.
I was so lucky to receive a package this week with the complete set of Series C in it from the Kuninganna Territory. It really showed why I like these particular sets of fantasy banknotes. This set of notes is completely different from the Series B I recently received in terms of design, paper and overall feel and look. The notes reminded me of the white notes the Bank of England issued in the first half of the 20th century. Considering the 'country' which issued these fantasy banknotes has a monarchal history, this may not be a coincidence: the notes honour the myhical queen Anya Qesh whose story you can read here.
If you're interested in buying this set or other sets, please visit the Mujand Trading Company website.
The Central Bank of the island state of Vanuatu has introduced three new banknotes for a new polymer series according to this article in the local Daily Post. The switch to polymer has been made mainly due to the humid climate and to prevent counterfeiting. The first three notes which have been issued are the 200 vatu (themed family), 1,000 vatu (themed agriculture) and 2,000 vatu (themed flora and fauna). The notes of 500 and 5,000 vatu are planned to be issued in the next two to three years. The new series is produced by the french company Oberthur on a polymer substrate from Innovia from Australia.
I haven't been able to find pictures of the new notes yet but they will follow soon I hope.
On the 1st of January this year Latvia became the 18th country to adopt the euro. Its neigbor Lithuania is poised to be the 19th euro nation, maybe even as soon as 2015.
The European Commission has issued a press release following an investigation into the readiness of eight countries to join the euro. Out of those eight (Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania, Sweden and Lithuania) only Lithuania meets the criteria for joining.
The Commission is therefore proposing that the EU Council of Ministers decide that Lithuania can adopt the euro on 1 January 2015. The Council will take the final decision on the matter in the second half of July, after EU Heads of State and Government have discussed the subject at the 26-27 June European Council, and after the European Parliament has given its opinion.
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