New commemorative 25 taka in Bangladesh

Bangladesh has released a commemorative note of 25 taka in celebration of the 25th anniversary of the Security Printing Corporation. The note has also been released in a special folder as a numismatic product and sold for 100 taka.

Steven Monday 28 January 2013 at 1:26 pm | | news | No comments

Dutch PvdA wants to abolish 500 euro banknotes

Some news from my own country, the Netherlands. The PvdA, the dutch Labour party which is also part of the government at the moment, has proposed a withdrawal of the 500 euro banknotes from circulation. According to MP Henk Nijboer the largest euro banknote is primarily used by criminals and not by common people like you and me. 

Nijboer also points to Canada and the United States where large denominations have been pulled from the market at the advice of crime fighting organisations. This results in the euro slowly replacing the dollar as the number 1 crime currency. Nijboer has asked the dutch Minister of Finance (and newly appointed chairman of the Eurogroup) Dijsselbloem to promote his idea at the European Central Bank.

Steven Monday 28 January 2013 at 1:00 pm | | news | No comments
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New banknote(s) for Syria?

Just recently I mentioned a possible new 2000 pound banknote for Syria. This was quickly unmasked as a fake design. But now Banknotenews has found a video from Morocco. This video by the Bank Al-Maghrib in Morocco contains brief images of a 1000 pound note as well as a 100 pound note (shown at the 2:40 mark). Neither of them has been issued yet.

© banknotenews.com

And here's the video:

Steven Friday 25 January 2013 at 3:41 pm | | news | No comments
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Russia to issue a commemorative Olympic note

The Russian Central Bank has announced it will issue a commemorative banknote of 100 ruble to celebrate the coming Winter Olympics in Sochi in 2014. No details have been released about the design of the note only that the note will differ in color from the regular red 100 ruble note. 

The last time a country issued a commemorative Olympic note was China for the Olympics of 2008. These notes can still be bought for very high prices on eBay.

Steven Wednesday 23 January 2013 at 12:56 pm | | news | No comments

New 2000 pound banknote for Syria (update: fake!)

Ynetnews.com reports that war-torn Syria will issue a new 2000 pound banknote. It will feature for the first time the image of president Bashar Assad where previously an image of his father was. The new banknote has probably been printed in Russia.

The note will be issued at the beginning of February 2013.

Update: It turns out that the picture shown here is actually a fabrication. Banknotenews has found out that the banknote is a modified Hungarian note of 2000 Forint. It seems that you can't even trust an internet source anymore... :-)

Steven Saturday 19 January 2013 at 08:17 am | | news | No comments
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Wrong maple leaf on Canada's 20 dollar?

A few days ago I wrote about the Canadian polymer banknotes which faced with all kinds of criticism and complaints. From serious ones to the more ludicrous. The list seems to grow longer every day. And now a new complaint has been made about the 20 Dollar note. 

Sean Blaney, senior botanist of the Atlantic Canada Conservation Data Centre, claims that the maple leaf shown on the banknote is not the sugar maple (which is featured on the national flag) but in fact the Norway maple. 

"It's a species that's invasive in Eastern Canada and is displacing some of our native species, and it's probably not an appropriate species to be putting on our native currency," Blaney told CBC News.

The central bank said the image on the new bills was purposefully designed not to represent any specific species but rather to be a combination of various kinds. "It is not a Norway maple leaf. It is a stylized maple leaf and it is what it ought to be," said Bank of Canada currency spokesman Julie Girard. Mr. Blaney doesn't buy this explanation and thinks the Bank has made an error.

Below are both leaves. On the left is the Norway maple leaf and on the right is the sugar maple. So who's right?

Steven Saturday 19 January 2013 at 08:00 am | | news | No comments
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No new signature on New Zealand banknotes yet

Radio New Zealand reports that banknotes bearing the signature of new Reserve Bank Governor Graeme Wheeler may not be in circulation till the end of next year. The Reserve Bank of New Zealand says all notes produced since Mr Wheeler took over the governor's position will have his signature on them.

But it will take some time to work through a stock of notes bearing the signature of previous governor, Alan Bollard, who left the bank after 10 years last September. A spokesperson said how quickly notes bearing the signature of the new governor will be in circulation, will depend on demand for new notes. Given expected levels of demand it could be late 2014 before the public see notes bearing Mr Wheeler's signature.

Graeme Wheeler was appointed Governor of the Reserve Bank of New Zealand in September 2012.

Steven Wednesday 16 January 2013 at 08:35 am | | news | No comments
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Banknotes and the Lunar New Year

Two stories about the preparation for the festivities in Singapore and Macau regarding the Lunar New Year (10 februari 2013). Traditionally people want new and special banknotes as a gift for loved ones... but also to speculate. 

Macau has authorised the Banco Nacional Ultramarino (BNU) and the Bank of China from 2012 to 2023 to issue a maximum of 20 million special notes with a face value of 10 patacas for the forthcoming Lunar Year of the Snake. Last year with the Year of the Dragon 'only' 10 million notes were printed which led to ridiculous speculation. Especially the banknotes with one or more 8's at the end of the serial number were sold for top prizes.

Singapore in the meantime has a tradition of presenting clean crisp new banknotes to family and friends for Hong Bao, the Lunar New Year. The Monetary Authority of Singapore (MAS) has urged the people of Singapore to use "good as new" notes instead of the crispy new ones. In the past MAS would print and issue an additional 50 million notes to meet the temporary demand for uncirculated notes, but this was much more than the economy actually needed to function. By encouraging the public to accept these "good as new" recirculated notes, MAS hopes to cut its production costs and is also marketing the effort as good for the environment.

Happy Lunar New Year!

Steven Monday 14 January 2013 at 2:21 pm | | news | No comments

Samoa: new type 100 Tala

Samoa has issued a new type of their 100 Tala note. The image is more are less the same as the old note but this one has new signatures (Faumuina Tiatia Faaolatane Liuga and Maiava Atalina Ainuu-Enari) and there is pattern visible at the top and bottom of the note which wasn't there before.

Is it just me or does Samoa always nail it with their design? The last series of banknotes is stunning! 

Pictures from another site, I'm looking for a 'clean' version without a link on it.

Steven Monday 14 January 2013 at 1:56 pm | | news | No comments
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New polymer banknote for Paraguay

Banknotenews reports that Paraguay is going to issue a new 5000 guarani note made from polymer. This will be the first polymer note for Paraguay.  According to this post the note will be issued on 14 January 2013. The new banknote appears to be dated 2011, and is probably printed by Canadian Bank Note Company.

Video after the click

Read on

Steven Sunday 13 January 2013 at 2:08 pm | | news | No comments
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Number of euro counterfeits drops

Besides the presentation of the new 5 euro yesterday the European Central Bank also had other news to report. The ECB said it removed 12,4% fewer counterfeit euro banknotes from circulation in 2012 than in the previous year. The bank withdrew about 531.000 forged notes compared with 606.000 in 2011.

The 20 euro and 50 euro notes continue to be the most forged (together 82,5% of all discovered fakes). The 100 euro banknote was the third-most counterfeited denomination (13%). A complete breakdown of the numbers:

"When compared with the number of genuine euro banknotes in circulation (on average 14.9 billion during the second half of 2012), the proportion of counterfeits remains very low" according to the ECB.

The majority (97.5%) of counterfeits recovered in the second half of 2012 were found in euro area countries, with only around 2% being found in EU Member States outside the euro area and 0.5% being found in other parts of the world.

Steven Friday 11 January 2013 at 09:17 am | | news | No comments
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New 5 euro presented

All has been revealed!

© European Central Bank
© European Central Bank

 

Mario Draghi, President of the European Central Bank (ECB), today unveiled the Europa series €5 banknote. The unveiling was the highlight of the opening of the “New Face of the Euro” exhibition, which is being held at the Archaeological Museum in Frankfurt am Main from 11 January to 10 March 2013.

© European Central Bank

The new €5 banknote has benefited from advances in banknote technology since the first series was introduced over ten years ago. It includes some new and enhanced security features. The watermark and hologram display a portrait of Europa, a figure from Greek mythology – and hence the name of this series of banknotes. An eye-catching “emerald number” changes colour from emerald green to deep blue and displays an effect of the light that moves up and down.

© European Central Bank

Short raised lines on the left and right edges of the banknote make it easier to identify the banknote, especially for visually impaired people.

© European Central Bank

These security features are planned to be included in all the new banknotes. They are easy to check using the “feel, look and tilt” method.

© European Central Bank

The new series has the same “ages and styles” design and dominant colours as the first series. The €5 will be the first banknote to be issued, starting on 2 May 2013. The other denominations, i.e. €10, €20, €50, €100, €200 and €500, will be introduced over the next few years, in ascending order.

The first series will initially circulate alongside the new banknotes, but will gradually be withdrawn and eventually cease to be legal tender. The date when this occurs will be announced well in advance. However, the banknotes of the first series will retain their value indefinitely and can be exchanged at euro area national central banks at any time.

Further information is available in a press kit and at www.newfaceoftheeuro.eu. This website also includes the “Euro Cash Academy”, a learning module which takes a playful approach to the new €5 and other euro banknotes. In addition, leaflets about the new €5 will be distributed to banks, shops and other businesses across the euro area in April 2013. All these measures should give the public and professional cash handlers an opportunity to learn about the new banknotes in good time and this should ensure a smooth introduction of the Europa series.

Another new security feature is the introduction of a security thread. The € symbol and the value of the banknote can be seen in tiny white lettering in that stripe:

© European Central Bank

Some downloads:

  • Pictures (zip - < 1 MB)
  • Press Kit (pdf)
  • Footage of the new €5 banknote (design and security features) (zip - 357 MB)
  • Footage of the production of the new €5 banknote (zip - 918 MB)

Steven Thursday 10 January 2013 at 8:32 pm | | news | No comments
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