50 and 1000 Krona will become invalid after 2013

Tuesday I wrote about the 50 and 1000 Krona from Sweden which will become invalid after 31 December 2013. More news is available now from the website of the Swedish Central Bank, the Sveriges Riksbank. This is part of the preparations for the replacement of the current banknote series which will begin in 2015. From the website:

Schedule for the introduction of Sweden’s new banknotes and coins

  • 31 December 2013 is the last date you can make payments using 50-krona and 1,000-krona banknotes that do not have foil strips.
  • October 2015 is when the new 20-krona, 50-krona, 200-krona and 1,000-krona banknotes will be issued.
  • 30 June 2016 is the last date you can use the current 20-krona notes and the 50-krona and 1,000-krona banknotes that have foil strips.
  • October 2016 the new 100-krona and 500-krona banknotes will be issued, along with the 1-krona, 2-krona and 5-krona coins.
  • 30 June 2017 is the last date you can pay using the current 100-krona and 500-krona banknotes with foil strips and the current 1-krona, 2-krona and 5-krona coins.
© Banknoteworld

Steven Thursday 22 November 2012 at 08:03 am | | news | No comments
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Short news

Sweden: 50-krona and 1,000-krona banknotes without foil strips will become invalid after 31 December 2013. Source: Sveriges Riksbank.

United Arab Emirates: the new 50 Dirhams note which was announced on 23 July 2012 has been issued dated 2011. It has  a new 3-mm wide color-shifting security thread and it bears the new coat of arms which was adopted on 22 March 2008. Source: MRI Bankers' Guide.

Source: Central Bank of the United Arab Emirates

Steven Tuesday 20 November 2012 at 2:49 pm | | news | No comments

New banknotes for Israel announced

The Bank of Israel has announced new banknotes. In the second half of 2013 the first two new banknotes will be issued: 50 NIS and 200 NIS (NIS = New Israeli Shekel). Two other notes of 20 NIS and 100 NIS will be released in the beginning of 2014. The following list shows the new design features and links to additional information on the people who's portraits are used:

 
NIS 20
NIS 50
NIS 100
NIS 200
Portrait
Dominant color:
Red
Green
Orange
Blue
Size (in mm)
129x71
136x71
143x71
150x71
 

Steven Friday 16 November 2012 at 06:21 am | | news | No comments
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Larger denominations for Azerbaijan

Azerbaijan is planning to issue new and larger denominations into the country. Right now they have banknotes of 1, 5, 10, 20, 50 and 100 manat but notes of 200 and 500 manat have now been announced by the Central Bank of Azerbaijan. You can find more info on this website.

Steven Thursday 15 November 2012 at 08:40 am | | news | No comments
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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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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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