Brazil's banknotes praise God, for now

In an article in the Brazilian newspaper Folha de S. Paulo a few weeks ago it's mentioned that Brazilian prosecutor Jefferson Aparecido Dias has filed a complaint about the nations banknotes and demands that everyone of them is replaced. The reason for this claim? The sentence "Deus Seja Louvado" (God Be Praised) which appears on the banknotes from Brazil.

His argument is that the Brazilian state is a secular one and should refrain itself from any religious manifestation. He does acknowledge that most of Brazil is Christian but he compared it to the situation where all of a sudden Praise Allah, Praise Buddah or God Doesn't Exist would appear on the banknotes. People would be angry then, so why not protect the minority of non-Christians in Brazil in this case?

The bank’s response to the prosecutor mentioned that the state, "not being atheist, anticlerical or antireligious, can legitimately make a reference to the existence of a higher being, a divinity, as long as, in doing so, it does not make an allusion to a specific religious doctrine."

© www1.folha.uol.com.br

Source 1, 2

Steven Tuesday 11 December 2012 at 1:28 pm | | links | No comments
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Trade in 'worthless' banknotes soars in Vietnam

Vietnam will withdraw the 10.000 and 20.000 Dong from 1 January 2013. This has sparked a trade in these banknotes in Vietnam. People want to buy them as a souvenir or because they think the notes will be worth much more in the future. They're being offered sometimes at four times the face value. Some people claim these banknotes are so popular because of the beautiful colors: "the VND10,000 paper note dubbed “The Queen of all VND banknotes” symbolizes luck thanks to its bright shade of red – a favorite color during Tet holiday."

You can read about this business in this charming article which also deals with collecting money (yaay, it's legal!) and the growing e-business in Vietnam.

© www.tuoitrenews.vn

Steven Tuesday 11 December 2012 at 1:18 pm | | links | No comments
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Turkmenistan modifies 1 and 5 manat notes

According to MRI Bankers’ Guide Turkmenistan has modified its 1 and 5 manat notes. The 1 and 5 manat notes dated 2012 have been improved by the addition of a transluscent band in the back.

I’ve tried to find the official press release on the site of the Central Bank of Turkmenistan but Google Translate doesn’t now the language yet which makes it hard to search. I’ll take MRI’s word for it though. Update: this seems to be it.

© Central Bank of Turkmenistan

Steven Monday 10 December 2012 at 10:05 pm | | news | No comments
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New additions week 50 - 2012

A lot of new additions this week after my visit to the IBNS Netherlands fair in Hilversum last Sunday! It was a great fair. Much smaller than the big fair in Maastricht but I was a lot happier when I left. A total of 18 new banknotes and 12 new countries added to my collection!

  • France: 5 Francs (P115a)
  • Eritrea: 1 Nakfa (P1)
  • Equatorial Guinea: 500 Francos (P20)
  • Botswana: 10 Pula (P30a)
  • Arctic Territories: 20 Polar Dollars
  • Angola: 100 Kwanzas (P126)
  • South Sudan: 1 Pound (P5)
  • United States of America: 2 Dollar (P461)
  • Suriname: 25 Gulden (P138a)
  • Mexico: 10 Pesos (PS535b)
  • Malawi: 10 Kwacha (P51a)
  • Yugoslavia: 5000 Dinara (P93a)
  • Jersey: 1 Pound (P32)
  • Japan: 50 Sen (P59b)
  • Ireland: 1 Pound (P70d)
  • Gibraltar: 1 Pound (P20a)
  • Lesotho: 10 Maloti (P21)
  • Laos: 100 Kip (P6)
The last note from Laos is one of my favorite notes ever. I think the design and colors are stunning. This has been on my wish list for a long time and I could finally get it for a good price this weekend.

Steven Monday 10 December 2012 at 2:48 pm | | new additions | No comments

British Pounds going abroad?

The Bank of England has put out a tender of 1 billion Pound for the printing of all its banknotes. This means that De la Rue could lose its contract but also that for the first time in history British Pounds could be printed by a foreign printer. De la Rue has been the printer of Britains notes since 2003. 

The new tender is for a 14 year contract: 2015 – 2029. Apart from De la Rue, the tender had been sent to a number of foreign printers. Among them Landqart and Note Printing Australia, a division of the Reserve Bank of Australia. There are a few demands in the tender:

  • Printing must take place in the Bank’s former facility in Debden, Essex. This facility is now run by De la Rue. If another party wins the contract, the facility with its 200 employees moves to the new owner.
  • Any bidder must have experience of banknote printing, having printed volumes of at least 500 million notes at a single site in a year within the last three years.
This could be another blow to De la Rue if they lose this contract. The orders from the Bank of England make up for 5% of their annual revenue.

Steven Monday 10 December 2012 at 1:35 pm | | news | No comments
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IBNS Netherlands annual fair today!

Reminder for anyone who wants to visit: IBNS Netherlands holds its annual fair TODAY in Hilversum. You can read more about it in this post. The fair will be held from 10:00-16:00 at Hotel Lapershoek, Utrechtseweg 16 in Hilversum.

Steven Saturday 08 December 2012 at 06:49 am | | news | No comments
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Uganda demonetizes the 1987 series

The Bank of Uganda has announced it will demonetize the 1987 series of their banknotes on 30 March 2013. This includes the 1000, 5000, 10.000, 20.000 and 50.000 Shillings as well as the 10.000 Shillings commemorative note. Only the 2010 series will remain legal tender in Uganda. The 1987 series can be viewed in this PDF.

The 50.000 Shillings from the 2010 series which will remain legal tender:

© Ron Wise Banknote World

Steven Friday 07 December 2012 at 09:29 am | | news | No comments
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Rare Watford Bank 1 Pound note up for auction

After the Creede banknote, I found another article with an old banknote from a bank which no longer exists today. This is the 1 Pound note from the Watford Bank issued in the UK in 1823. It is part of the collection of property investor David Kirch. His collection will be auctioned in 4 parts at Spink.

Watford Bank was founded in 1823 - during the reign of King George IV, formerly the Prince Regent - and went bust in 1826, as many of the English provincial banks did at this time. It was run by three local businessmen - Joseph Pike, William Horwill and Thomas Pike. In fact, it is Joseph Pike’s handwritten signature which appears in the bottom right hand corner of the pound note coming up for sale next week.

The note is expected to sell for around £300-£400.

Source

© Watford Observer

Steven Thursday 06 December 2012 at 2:35 pm | | links | No comments
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Oscar Niemeyer 1907-2012

Today came the news that famous Brazilian architect Oscar Niemeyer died at the age of 104 years old. His work in the new capital Brasília is pictured on this 100 Cruzados banknote from 1986 (P211). On the back of the note you can see Catetinho and the Palácio da Alvorado (Palace of Dawn). More info from banknotes.com:

Catetinho (designed by architect Oscar Niemeyer) is the first building ever built in Brasilia. Catetinho is the house where [president] Juscelino Kubitschek lived while the city was built from 1956 to 1960. Brasilia is one of the only cities in the world that was completely planned, and the building of the city in just 4 short years is a first in the world. Catetinho is now open to the public, and has been turned into a mini-museum about the city's history and the life of Juscelino Kubitschek. Palácio da Alvorada (Palace of Dawn) is the official residence of the President of Brazil. The palace was designed, along with the rest of the city of Brasília, by Oscar Niemeyer and inaugurated in 1958.

Steven Thursday 06 December 2012 at 08:42 am | | news | No comments
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Rare 1892 Creede banknote goes up for auction

Its face value is $5, but an 1892 bank note issued by the National Bank of Creede could sell for $90,000 or more when it is auctioned next week [SB: 13 December 2012]. The extremely rare note is likely to generate a good deal of interest from collectors, especially those in Colorado, said Paul Song, director of coins and medals for the auctioneer, Bonhams of New York City. Song said Bonhams' value estimate of $70,000 to $90,000 is just an educated guess, because no other bank notes from the long-defunct Creede bank are known to exist.

If only more people cleaned up their attic we would have much more of these beauties available perhaps.

Source

© Bonhams

Steven Thursday 06 December 2012 at 08:19 am | | links | No comments
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Forgery with a kitchen tool

© Amazon.comDo you think you need state of the art equipment and the latest technology to counterfeit modern banknotes? Think again.

A home-made tool resembling a meat tenderiser is being used by counterfeiters to create a security feature on fake 100 yuan banknotes, police say after studying almost 4,000 of such bills seized this year. "An investigation found that an instrument with spikes was used to pound images of the counterfeit notes so that the bills would have an embossed effect," a police source said. (...) more bogus HK$1,000 bills were seized this year, police said. A total of 943 were seized in the first 10 months of the year, compared with 328 for the whole of last year and 220 in 2010. A total of 726 fake HK$100 notes was seized in the first 10 months of this year, compared with 1,806 for the whole of last year.

Source

Steven Thursday 06 December 2012 at 08:13 am | | links | No comments

A History of the World in 100 Objects

Ming Banknote (© British Museum)So I was browsing through the podcast section of iTunes yesterday when I stumbled upon the BBC program The History of the World in 100 Objects. I love shows like that. Especially when I found out one of the objects used in the series, is a Ming banknote from 14th century China. They talk about the history of banknotes and how the first ones like these were used. Really interesting, even if you already know most of the story like a lot of collectors probably do. You can listen to the episode via iTunes or on the BBC website. The banknote being discussed is this one in the British Museum.

Steven Wednesday 05 December 2012 at 08:30 am | | fun | No comments
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