New MPO trade fair

MPODutch organization MPO will hold a trade fair in Wassenaar (near The Hague) on 9 December 2012. There will be stamps, coins and (most important for us) banknotes. You can also get free valuation of your banknotes. A couple of times a year they also organise auctions which can be a real bargain hunt. The catalogue of the latest auction can be found here and the winning bids can be found here. Some really good deals!

Steven Tuesday 04 December 2012 at 6:26 pm | | news | No comments
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Thailand 20 Baht to be issued?

According to this site with news on Thai and other Asian banknotes, the new 20 Baht from Thailand (series 16) should be issued tomorrow 5 December 2012. I have no news about this at the moment and the Bank of Thailand is also silent on the topic. As is stated in this press release, the size and colors of the new banknote will be like series 15 (pictured below).

If there are any new developments, I will of course report on it. It would be nice to have a new Thai banknote!

20 Baht, series 15

More info: all series of Thai banknotes on this great site of the Bank of Thailand.

Steven Tuesday 04 December 2012 at 1:02 pm | | news | No comments
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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:

Read on

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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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 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

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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