Disappointing results for De la Rue

De la RueYesterday I wrote about disappointing results for the parent company of Landqart Paper but they are not the only banknote printer who has worried investors with their results. De la Rue, the worlds biggest commercial printer of banknotes, has also published disappointing figures. In response its shares dropped 7%.

De la Rue commented on the figures by pointing out that orders have been delayed and can't be added to this fiscal year. They won't tell which orders, but a persistent rumour says De la Rue has secretly been printing Greek drachma banknotes which could be issued right away in case Greece is forced to leave the euro.

De la Rue is the world's largest commercial banknote printer and responsible for 150 currencies. That means 1 in 5 of every type of banknote being used in the world right now, is printed by De la Rue. Other printers can be found here.

Steven Wednesday 14 November 2012 at 10:07 am | | news | No comments
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Paper Money Fair IBNS Netherlands

The IBNS Netherlands will hold its annual fair on the 8th of December this year. Admission is free for members and €2 for non-members. After the fair the annual meeting will take place at which time a new board will be elected.

The fair will be held from 10:00-16:00 at Hotel Lapershoek, Utrechtseweg 16 in Hilversum. The members meeting will start at 16:30 at the same location.

More info (in Dutch) here.

Steven Wednesday 14 November 2012 at 08:49 am | | news | No comments
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Landqart

There are rumours Swiss banknote printer Landqart could be hived off by its Canada based parent company Fortress Paper. It would then be seperately listed at the London Stock Exchange. These rumours arose due to disappointing results by Fortress: it's banknote printing business lost C$8,9 million in the third quarter (about € 7 million). Fortress CEO Chad Wasilenkoff hinted at radical plans to combat the bad results.

Landqart is one of many banknote printers in the world. To get more information on banknote printers, check this list I have.

Steven Tuesday 13 November 2012 at 08:54 am | | news | No comments
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Zombiecalypse in South Africa?

The new South African banknotes with Nelson Mandela continue to make the news. This time in the form of the painting below. Is it a representation of the coming zombiecalypse? According to artist Ayanda Mabulu his version of the new banknotes is a way to show how the gap between the rich and the poor of South Africa has widened.

I like the art of banknotes, but I'm not too sure about this one... I prefer the original version!

Steven Tuesday 13 November 2012 at 08:22 am | | news, fun | No comments
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How money is counted in different countries

Just for fun:

Steven Saturday 10 November 2012 at 10:48 am | | fun | No comments

The new Europa series

EuropaMore info has come available on the new "Europa" series of euro banknotes which I wrote about yesterday. We already know the new €5 will be released first and then the €10 etc. The new note will be presented in full on 10 January 2013 and will be issued in May 2013.

So what's new? A number of security features have been updated and some of the design will be changed though that's still a little bit shrouded in mystery. The artist chosen for the updated design is Reinhold Gerstetter, an independant banknote designer from Berlin. He is best known for his work on the last series of German Marks (example of his 200 Mark, P47) and on the last series of Spanish Pesetas.

1. The first new feature is the incorporation of the image of the mythological figure of Europa. She will first be visible as a hologram in the silver stripe on the banknote. Next to the hologram is an image of a window and the value of the note:

2. The second novelty is the same image of Europa in the watermark:

3. Last new item: the number 5 will be in emerald green and will shift color when you tilt the banknote.

To get more information you can visit the special website: http://www.new-euro-banknotes.eu/

And you can take a look at the presskit: http://www.new-euro-banknotes.eu/press/Press_Kit_EN.pdf

Below is a video presentation on the new face of the euro:

Steven Friday 09 November 2012 at 08:38 am | | news | No comments
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New euro banknotes in 2013

According to this tickerpost on EUobserver.com the European Central Bank will announce today that new euro banknotes will be issued in 2013.

The European Central Bank is Thursday to present a plan for replacing current euro notes with safer ones from 2013, Hessischer Rundfunk reported Sunday. The second generation euro notes will still have values from five to €500, but motifs will change and improved security features will make forgery more difficult.

Hopefully this means that the new banknotes will also be less boring.

If there's more news today, this article will be updated.

Update:

ECB President Mario Draghi has indeed announced that the new series of euro banknotes will be released next year. This second series of the euro has been named the "Europa" series. It will include a portrait of the mythological figure Europa in the watermark and hologram. The new banknotes will be gradually introduced starting with the 5 euro note in May 2013. Apart from the watermark and hologram an emerald number and other modern security features will be incorporated in the new design. 

The Europa series will have the same denominations as its predecessor: €5, €10, €20, €50, €100, €200 and €500, and they will be introduced in ascending order. They will circulate alongside the first series of euro notes but these will gradually be withdrawn and cease to be legal tender. The final design of the 5 euro banknote will be unveiled on 10 January 2013. 

Steven Thursday 08 November 2012 at 08:00 am | | news | No comments
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Welcome to the new Canadian 20 Dollar

Today Barack Obama was re-elected as president of the United States but their neighbours to the north also have cause for celebration. Because today the new 20 Dollar banknote is released to the general public in Canada.

© Bank of Canada

Recent articles on this beautiful new note can be found here and here.

Steven Wednesday 07 November 2012 at 08:10 am | | news | No comments
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Release of the new South African banknotes

Today the new banknotes of South Africa featuring Nelson Mandela are released to the general public! Read more about them in a recent post or view the promotion material on the official site.

The new notes come in 5 different denominations with an image of Nelson Mandela on the front and the animals of the Big Five on the back.

To promote these beautiful new banknotes the South African Reserve Bank made this video.

Steven Tuesday 06 November 2012 at 2:42 pm | | news | No comments
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Sister Sarah

So BanknoteNews has a fun new challenge: identifying who Sister Sarah is on the Bahamas 1/2 dollar note (P42). When I was doing some research on my own collection I too ran into this problem. She is prominently featured on the banknote with her name next to her picture but I couldn't find any information on her.

But the readers of BanknoteNews have apparently found out who she is.  

IDENTIFIED: According to Paul Walters, "Sister Sarah is indeed a real person. I am not sure if she is still living, I don't think she is. She was a prominant figure at the straw market in the 1970s, when the market was located along the dock--before it moved to its present day location on Bay street."

They also found an article mentioning her as a local straw weaver. Has the riddle finally been solved?

Sister Sarah - © Banknotenews.com

Steven Tuesday 06 November 2012 at 2:18 pm | | articles | No comments
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New additions week 45 - 2012

Some rather odd new additions to my collection this week. Some collectors would even go so far by claiming this isn't even real money. Well, it isn't! 

  • From Spain I got this very interesting set of coupons. They were issued during World War II in Barcelona and were (mistakenly) sold on eBay as emergency money. On the front it depicts the Blue Division (División Azul in Spanish), the logo of the division, the iron cross and the swastika. The División Española de Voluntarios was a group of Spanish volunteers who fought with the German army at the eastern front. The backside of this piece shows several produces which could be bought with the note, like sugar and bread.
  • The Jason Islands are an archipelago in the Falkland Islands which used to be privately owned by Len Hill. To fund conservation work on the islands, Hill issued a set of collectors banknotes in 1979. Five different notes were issued with Len Hill as 'administrator' and his portrait on every note. Each denomination shows a different type of penguin which can be found on the islands: a Humboldt penguin on 50 pence, a Jackass penguin on 1 pound, a Rockhopper penguin on 5 pound, a Gentoo penguin on 10 pound and a King penguin on 20 pounds. Upon Len Hill's death the islands were eventually donated to the Wildlife Conservation Society. All banknotes can be found on my Jason Islands page.

Steven Monday 05 November 2012 at 8:10 pm | | new additions | No comments

Some site changes

As the regular visitor might have noticed I've implemented some changes on this blog. First of all it's wider. My blog has always been 750 pixels wide, but now it's grown to 900 pixels. Not much wider perhaps but it allows me to implement another change: advertisements...

Yes, that horrible evil phenomenon which will be the downfall of humanity as we know it!! Well, that's a bit over the top perhaps since it's an add for the great Banknote Book. This is by far the best catalogue on banknotes out there so if you want to check it out for yourself, please do so by clicking the banner at the right. That way I make a little bit of money as well.

Steven Monday 05 November 2012 at 7:31 pm | | site info |