Images of new Libyan banknotes are NOT correct

Well, here’s a surprise nobody could see coming (yes, I’m using irony here). 

An adviser to Libya’s Central Bank has said that although the Central Bank has worked for quite a while to issue a new paper currency, “the new currency had not been issued yet”. He said that images of the new currency published on social networking sites are not correct. He also indicated that the new currency would be issued at the end of the year, and will be traded in the market early in 2013.

I already wrote about this upcoming issue in this post in which I noted that the circulating images differ from the ones being shown in the video. I’ll still put my money on the ‘video notes’.

Update 8 January 2013: It appears like I was wrong with my predicition. Al Watan has published pictures of the new currency and they show the pictures which actually HAVE been been circulating in the social media. This publication has been copied by the MRI Bankers' Guide which gives the claim a lot of credibility.

The suspense is killing me! Just publish the official press release already...

Steven Friday 14 December 2012 at 9:43 pm | | news | No comments
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More delays for new banknotes Switzerland

Draft by Manuela Pfrunder © www.snb.ch

The Swiss National Bank has announced (PDF) that the new series of banknotes has again been delayed. The new series will be issued in 2015 at the earliest with the 50-francs banknote as the first banknote of the series and the 20-francs the second. From the press release:

The development of the new banknote series began in 2005 with a design competition. In the planning phase for the technical feasibility and during initial production tests in 2010, it became evident that the complexity of the new security features necessitated a postponement of the issue date to autumn 2012. In autumn 2011, during an early phase of the serial production, technical difficulties arose which had not been discernible in the testing phase, whose results were positive. For this reason, the SNB this year decided to conduct a comprehensive re-assessment of the entire project together with the industrial partners producing the new banknote on its behalf. As a result, several mostly technical measures were defined and in some cases have already been implemented. These measures should ensure that the series can go into long-term industrial production.

The decision to postpone has been made easier because of the high standard of security of the current series. About the design the SNB has previously (PDF) made the following remarks:

As mentioned in previous announcements, the new banknote series depicts Switzerland as a meeting place and platform for organisation, creativity, adventure, humanity, progress and dialogue. The current denominations of CHF 10, 20, 50, 100, 200 and 1,000 and the familiar colours of the individual denominations will remain unchanged, although the new notes will be slightly smaller than the current series.

The designer of the new banknotes is Manuela Pfrunder who entered the competition for the new design with this series of drafts. The final banknotes will differ however from these drafts. The final design will not be published until shortly before the issue date.

Steven Friday 14 December 2012 at 08:56 am | | news | No comments
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MAGnite - new security feature

© Giesecke & DevrientBanknote printer Giesecke & Devrient has developed a new (and pretty cool) security feature for banknotes. In the future you can check if a banknote is false using your mobile phone! It’s called MAGnite and will be introduced at the Banknote conference in Washington D.C. where the latest trends are introduced to the banknote industry.

From their website: “MAGnite uses high-performance pigments that allow reversible changes between two color states. Highly resistant micro capsules enclose these pigments, without in any way limiting their flexibility. The alignment of the pigments and the colors perceived can be controlled externally simply with magnetic effects.“ You can read more about it in this article at the website of Giesecke & Devrient.

Steven Wednesday 12 December 2012 at 12:43 pm | | news | No comments
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New banknotes for Fiji presented

Today Fiji announced the design for the new banknotes. Queen Elizabeth II has indeed been removed but not replaced by dictators or other people as some feared, but by birds, fish, flowers and an insect. The new currency will be issued to the public on 2 January 2013.

The design of the new banknotes:

$5     Red-throated lorikeet (bird) – this will be a polymer note
$10   Lever’s goby (fish)
$20   The Fiji petrel (bird)
$50   Tagimoucia (flower) 
$100 Cicada (insect)

Update: you can view the presentation of the new banknotes in this video, skip to 56:00 for the notes. I've finally managed to find decent high resolutuon pictures of the new banknotes. I think the design by De la Rue is beautiful! 

Steven Wednesday 12 December 2012 at 09:36 am | | news | 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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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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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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New banknotes announced in Norway

Norway has announced on 4 December 2012 that they started a project to design new banknotes. This will be their 8th series of banknotes. The main reason for designing the new series is to enhance the security of the notes. They expect it will take several years before the new notes will be issued in Norway. The first step is choose a theme for the new series. Once the theme has been approved, the national bank will choose the main elements of the banknotes' design. You can read more about this announcement in the press release by the Norges Bank.

The 1000 Kroner from the current issue:

© Banknoteworld.com

Steven Wednesday 05 December 2012 at 08:17 am | | news | No comments
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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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