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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No 3000 Ruble banknote

And then the banknote that will not be issued: the 3000 Rubel from Russia. Officials dismissed the rumors which had started on a website of a local politician. The idea was that this banknote would fill the gap between the 1000 and 5000 Rubel banknote. The 5000 Rubel being the last new banknote to be issued in Russia. But this banknote is virtually useless in daily payments due to lack of change in shops. The 3000 Rubel banknote might be a solution but not in the near future. A professor in graphic design made a design of the proposed banknote with scenes of Yekaterinburg on it. Quite a good looking note to be honest.

Design for the 3000 Ruble

Steven Monday 26 November 2012 at 1:26 pm | | news | No comments
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Zambia to delete three zeros

The Bank of Zambia has announced that the kwacha will be rebased by dividing it by 1,000, dropping three zeros off the currency, on January 1. Now Zambia has a K50,000 note, but this is worth less than $10. The Bank of Zambia said this resulted in inconvenience and risks in carrying large sums of money for transactions. It has also led to increasing difficulties in maintaining bookkeeping and statistical records, ensuring compatibility with data-processing software and higher costs in the payment system.

Zambia currently has banknotes for K20, K50, K100, K500, K1,000, K5,000, K10,000, K20,000 and K50,000. It has coins for K10, K5, K1, 50 ngwee and 25 ngwee. After January 1 there will be a new note series for K100, K50, K20, K10, K5 and K2 and coins for K1, 50 ngwee, 10 ngwee and five ngwee.

From July 1 next year, the old currency will not be accepted, but it will be exchangeable for a year thereafter for the new currency at the Bank of Zambia, commercial banks and designated agents. The new currency will get the symbol K. From July 1 2014 to December 31 2015, exchanges will be at the Bank of Zambia only and thereafter old currency will have no value. Click the popup to see the new banknotes:

The new banknotes

Source

Steven Monday 26 November 2012 at 08:40 am | | news | No comments
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More short news from India

First is the ten Rupees banknote from India. The Reserve Bank of India has announced that these will be gradually replaced by coins. The average life span of the 10 Rupees banknotes is 9-10 months. To have banknotes with such a short life span is not cost effective. At the same time they will begin to experiment with polymer banknotes to prolong the life of especially the lower denominations. Source

Steven Monday 26 November 2012 at 07:36 am | | news | No comments
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Short news

Short news from India:

The Reserve Bank of India will shortly issue `10 denomination Banknotes with Rupee Symbol (`) on the obverse and the reverse, inset letter ‘A’ in both the numbering panels, in the Mahatma Gandhi Series-2005 bearing the signature of Dr. D. Subbarao, Governor , Reserve Bank of India, and the year of printing ‘2012’ printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the `10 Banknotes in Mahatma Gandhi Series- 2005, issued earlier. All the Banknotes in the denomination of `10 issued by the Bank in the past will continue to be legal tender.

Source

Steven Saturday 24 November 2012 at 08:28 am | | news | No comments
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Banknote calendars

Owen Linzmayer of Banknotenews.com (every collector should have this site in his bookmarks) has designed a few calendars with the most beautiful banknotes depicting aircraft, beasts, beauties, birds, boats, bridges, and fish. 

You can order them here for $24,99 but if you use the code DELIRITAS you get a 51% discount. This code expires 27 November so get them while you can! I just ordered a calendar with the beasts theme.

Steven Saturday 24 November 2012 at 08:13 am | | fun | No comments
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New additions week 47 - 2012

Two new notes arrived yesterday which I won on eBay. The first one is an ECU-testnote which I remembered from 20 years ago and which sparked my interest in banknotes. A year later I started collecting. The second note came as a gift with the first one and is from Burundi. Such a nice gesture!

Steven Friday 23 November 2012 at 08:54 am | | new additions | No comments