New banknotes Libya?

Could these be the new banknotes from Libya? There are several shown in this video which I found on Jay's World Banknotes.

Apparently the following images appear on the notes:

1 dinar - Front: Unknown. Back: Flag of Libya and peace doves.
5 dinars - Front: Ottoman Clock Tower. Back: Zeus Temple in Cyrene.
10 dinars - Front: Portrait of Omar Al Mukhtar. Back: Al Mukhtar horsemen.
20 dinars - Front: Al Ateeq mosque in the city of Oujlah in the oasis. Back: Traditional school in Ghdamis.
50 dinars - Front: Italian Lighthouse of Sede Khrebeech. Back: Stone arch in Tadrart Acacus.

Source

Update 6 December 2012: Banknotenews has published more pictures on their site. It's however pretty clear that these are other banknotes than the ones in the video. The Central Bank of Libya has put up a link to the above video claiming it's the Deputy Governor discussing the new banknotes (or that's what I got after translating the Arab text of the popup in Google Translate). So which one is the correct new set? More and more sites claim that it will be in fact the set below which will be issued in the beginning of 2013.

See the images of Banknotenews after the click:

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Steven Tuesday 04 December 2012 at 10:07 am | | news | No comments
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Anger over replacing Elizabeth II in Fiji

Remember when I wrote about the upcoming new banknotes in Fiji last week? And their plans to replace the image of Queen Elizabeth II with local flowers and perhaps the head of somebody else? Well, apparently not everyone is wild about this idea. The local chiefs have protested the decision, stating that she is still the queen of Fiji and has been given the title of highest chief in the country.

Still another 8 days to go before we are sure what the new notes will look like...

Steven Tuesday 04 December 2012 at 08:52 am | | news | No comments
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Dollars with high denominations

While many people today believe that the U.S. $100 note is the highest denomination, in reality there are 5 notes with higher values: €500, $1000, $5000, $10.000 and $100.000. These are however no longer used. The higher values were once used when there was still a lot of mining for gold in the U.S. To avoid walking around with hundreds of banknotes, higher values were added. The $100.000 note was meant specifically for traffic between banks and was never issued to the public. There are 20.113 of these banknotes with the highest value.

These notes were printed until 1945 and from 1969 the values higher than $100 were no longer being used in daily traffic. The notes which still exist belong to collectors and museum but have still kept their value and you could still use them to pay for things in the United States in theory.

500 Dollar

More pictures after the break!

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Steven Thursday 29 November 2012 at 3:58 pm | | articles | No comments
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John Pettit Rare Banknotes in trouble

John Pettit Rare Banknotes from Australia is in financial trouble, according to the Australian Financial Review. The losses are big it seems. Pettit claims he had become to much of a collector. Yeah, we all know that feeling...

Steven Thursday 29 November 2012 at 08:24 am | | news | No comments
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New banknotes for Fiji announced

The Reserve Bank of Fiji has today announced that a new series of banknotes and coins with new obverse designs will be officially unveiled by the president of Fiji, Ratu Epeli Nailatikau on 12 December 2012. Flora and fauna designs of Fiji will replace the portrait of Queen Elizabeth II across all denominations. Members of the British royal family have featured on Fiji’s currency since 1934. The reason given for this step by the Reserve Bank is  that it’s “time to move forward and promote our very own unique national treasure and the biodiversity that lies all around us.“ Along with the design changes, the Reserve Bank will also introduce a $2 coin to replace the $2 note. Governor Whiteside said that a number of the new flora and fauna designs selected are unique to Fiji. “Some clearly belong on the endangered species list and all Fijians must be made aware of this fact and how critical it is to preserve our heritage.“ The new 2012 flora and fauna design series notes and coins will come into circulation 2 January 2013. (Source)

Update 30 November 2012: The Telegraph reports that Fiji might also replace the Queen's head for that of the new dictator Commodore Frank Bainimarama or the military-appointed president Epeli Nailatikau. This news is denied at Fiji itself. We'll have to wait another two weeks to be sure!

Steven Thursday 29 November 2012 at 08:16 am | | news | No comments
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New additions week 48 - 2012 (2)

Yesterday a colleague returned from Hong Kong bringing the polymer 10 Dollar (P401b) with her. It's the first polymer banknote from Hong Kong and was introduced in 2007 for a 2-year trial period. Always nice to have good contacts when you're a collector of world banknotes!

Update 30 November 2012: As a suprise there were two more banknotes! Two 20 Dollar notes. One from the Bank of China (P335) and the other from the Hong Kong and Shanghai Banking Corporation (P207e). Both can be found on my Hong Kong page.

Steven Thursday 29 November 2012 at 08:06 am | | new additions | No comments
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New additions week 48 - 2012

A new banknote arrived yesterday by mail. It's the Russian 250 Rubles (P36) issued in 1917 by the Soviet government. The note was also issued by the provisional government but the fact that the serial number starts with AB points to the Soviet issue.

Closer inspection of the note reveals some strange designs: there are swastikas visible! To the uninformed this is somewhat baffling since the note was issued in 1917 at a time when Hitler was still fighting in the trenches of WW I and the Nazi party was still some years away from being formed. The swastika however is not only a Nazi symbol. As you can see in this list from Wikipedia the swastika was used all over Europe prior to it becoming a dominant symbol of the Nazis. The Nazis also used swastikas on their banknotes by the way (like in this complete series which was issued in the occupied territories in Europe). So no worries for the Russians but it's another great addiction to my collection.

The swastikas are on the front and the back of the note but at the back it's most visible:

Steven Wednesday 28 November 2012 at 09:13 am | | new additions | No comments
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New 5000 Ougiya from Mauritania

The Banque Centrale de Mauritanie issued a new note of 5000 Ougiya on 22 November 2012. The notes are printed by Giesecke & Devrient.

Source

Steven Wednesday 28 November 2012 at 08:21 am | | news | No comments
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New issues Netherlands Antilles

Banknotenews reports that the 2012 series of the 10, 50 and 100 Gulden notes have been confirmed. Nothing special about that but here is an odd twist however:

10, 50, and 100 gulden notes (BNA B25, B27, and B28, respectively) have been confirmed dated 1 juni 2012 with the same signature combination as the preceding issues (Jerrald M. Hasselmeyer and Emsley D. Tromp). These notes are rather unusual in that they bear the issuer name as the Bank van de Nederlandse Antillen, even though the Netherlands Antilles was dissolved as a unified political entity on 10 October 2010, and the old bank became the Centrale Bank van Curaçao en St Maarten which had plans to introduce a new common currency, the Curaçao St Maarten guilder (CMG) in 2012.

Steven Wednesday 28 November 2012 at 08:04 am | | news | No comments

The power of banknotes

A very nice article from South African writer Mlungisi Ngubeni which shows the symbolic power banknotes can have for a nation.

"Let these new banknotes be a symbol that the power of change lies in our hands and the power of prosperity for the country and the people lies in our hands."

Read the whole article on The Times website.

Steven Tuesday 27 November 2012 at 12:37 pm | | links | No comments
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Mark Carney new governor Bank of England

Mark CarneyTo a lot of people’s surprise Canadian Mark Carney has been named as the new governor of the Bank of England. He is currently the governor of the Bank of Canada and will be the first non-Brit to hold the position in England. 

Update: A thoughtful remark by Banknotenews on the same subject: "The move will likely mean new signature varieties for Canada's banknotes, but not for those in Great Britain, where the notes are signed by the chief cashier."

Steven Monday 26 November 2012 at 9:45 pm | | news | No comments
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Syrian banknotes from Russia

Some months ago there were questions being asked where Syria gets its new banknotes from. The 2009 issues (P112-P114) were printed by Oesterreichische Banknoten- und Sicherheitsdruck in Austria but due to sanctions by the EU against the Syrian regime, that printer was no longer available. Most people believed that the new printer would be Goznak, Russia’s biggest security printer. A fact flatly denied by the governor of the Syrian Central Bank (update: ...but which in the mean time has been confirmed by Goznak themselves). 

But now new evidence has surfaced. Flight records show that massive amounts of cash have been flown from Russia to Syria. About 240 tons of banknotes to be precise! These are needed by the Syrian regime to cope with the international sanctions and to pay the war effort.

The plane being named in the documents (© Flickr user Jerome_K)

Steven Monday 26 November 2012 at 7:50 pm | | news | No comments
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