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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Unveiling of the new 5 euro today

Set your clocks to 16:30 CET when the new 5 euro will be unveiled by Mario Draghi of the ECB

Steven Thursday 10 January 2013 at 06:40 am | | news | No comments
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150th Anniversary Currency Set

I just saw this great numismatic product mentioned at banknotenews. It's a special currency set commemorating the 150th anniversary of the United States Bureau of Engraving and Printing.

This information is from their website:

This limited edition two-note set features a Series 2009 $2 note from the Federal Reserve Bank of New York and a Series 2009 $5 note from the Federal Reserve Bank of Chicago. The Series 2009 $2 note bears a serial number beginning with "2012," to commemorate 150 years of pride, craftsmanship, and innovation. The Series 2009 $5 note begins with serial number "1862," to symbolize the origin of the BEP. For each set, the last four digits of the serial numbers on the $5 and $2 notes match.

This exquisitely crafted set includes a 52 page booklet, "150 Years of Pride, Craftsmanship, and Innovation." This informative booklet traces the Bureau of Engraving and Printing’s rich history and evolution, and includes a certificate authenticating the enclosed notes as genuine United States currency.

Each note is protected by a clear, acid-free polymer sleeve and encased in an attractive folder.

Drawing: All customers who purchase the 150th Anniversary Currency Set during the first month of release will be entered into a drawing to win the opportunity to purchase one of the first 150 sets based on serialization. These first 150 sets will feature personally signed $2 and $5 notes by Treasurer of the United States Rosie Rios. Customers will be enrolled into the drawing equal to the number of sets purchased during the one month enrollment period (December 11, 2012 – January 10, 2013). A quantity restriction of two sets will be imposed for drawing winners. Customers who win the drawing will not be permitted to return previously purchased sets in lieu of any set won and purchased via the drawing. Drawing winners will be contacted after January 11, 2013, via phone/email. Drawing winners are not obligated to purchase the signed 150th Anniversary Currency Sets.

The 150th Anniversary Currency Set is limited to 10,000 total units. 

Bulk pricing is available for the 150th Anniversary Currency Set at a price of $44.95 per unit for quantities of 10 or more.

Sounds like a great gift to me!

© US Department of Treasury

Steven Wednesday 09 January 2013 at 08:30 am | | news | No comments

New numismatic product from the Philippines

The Bangko Sentral ng Pilipinas (BSP) has recently issued an overstamped note to commemorate 100 years of Masonry in the Philippines. This note was originally available only in sheets of four uncut notes packaged in a folder. Since then, the BSP has begun issuing individual notes into circulation.

There have been several commemorative issues of this 100 Peso note. The list can be found here.

Steven Tuesday 08 January 2013 at 09:23 am | | news | No comments
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New banknotes Angola postponed

And after Somalia now Angola has also announced it will postpone the introduction of the new 5000 and 10.000 kwanza notes. They were initially scheduled for January 2013 but they will be issued later this year.

You can read more information about these notes in this post I wrote last month. A translation of the article mentioned above can be found here.

Steven Tuesday 08 January 2013 at 09:00 am | | news | No comments
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New currency in Somalia postponed

A story from war torn Somalia today. The Somali federal government announced that it would postpone the introduction of new Somali Shilling. These banknotes were printed in Sudan and were ordered by the previous Transitional Federal Government. The introduction has been postponed to "a later date".

This probably has something to do with the lack of centralized financial institutions in Somalia which has been plagued by civil war and unrest for so many years. Currently the only Somali currency in use is the 1000 Shilling note first issued in 1990 and as a second issue in 1996. Somaliland and Puntland, which are autonomous parts of Somalia, have introduced or tried to introduce new banknotes but the central government hasn't. For many years you couldn't even speak of a central government. The Somaliland currency is not internationally recognized (though the region is recognized as an autonomous region). Puntland announced last year it would introduce its own currency but hasn't yet. The lack in Somali currency even prompted local warlords and businessmen to print their own currency. The US dollar is also widely used in Somalia.

Steven Tuesday 08 January 2013 at 08:24 am | | news | No comments
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New 25 dirham for Morocco issued

The central bank of Morocco has issued the new 25 dirham. According to this press release posted on 28 December 2012 (in french, or in the english translation by Google) 4.2 million notes have been issued to commemorate the 57th anniversary of Morocco's independance and also the 25th birthday of the inauguration of Dar-Assikkah (Mint). 

A limited series of 200.000 notes numbered 00001000 to 20000000 have been reserved for collectors. The new banknote is the first to be printed on Durasafe. More information can be found in this post.

Steven Friday 04 January 2013 at 08:58 am | | news | No comments
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Revised 50 Dollar for Bermuda

Do you sometimes have that feeling that you've made something really pretty like a painting of your dog and after it's done, somebody comes along and mentions that you've forgotten to paint a tail? That must have been the feeling the Bermuda Monetary Authority (BMA) had when they unveiled their new 50 Dollar banknote with beautiful pictures of local birds on it.

Local birds? Not according to ornithologist David Wingate who stated that the bird on the banknote was in fact NOT the local white-tailed tropicbird but rather a red-billed tropicbird. So what did the BMA do? Did they destroy all the wrong banknotes and quickly issued the right ones? No. They stated that it was indeed the wrong bird but that this one looked much nicer against the background than the right bird...

I had the exact same feeling with our former dutch 250 Gulden banknote. Instead of a firehouse, they should've put the Eiffel Tower on it. It's not a dutch building but that's just a minor detail of course.

Apparently the BMA had a change of heart because revised banknotes have been issued. This time with the right local bird on it and with a slightly different colour scheme. The prefix of the serial number has also been changed. The issue date for the old and new banknote remains the same: 1 January 2009.

On the left is the old banknote and on the right the revised version.

Source

Steven Thursday 03 January 2013 at 11:20 am | | news | No comments
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New banknotes for Fiji issued

As announced in this previous post, Fiji has issued its new banknotes yesterday 2 January 2013. The colourful notes have all been issued except for the 5 Dollar banknote. This is the only polymer note in this series and has been delayed until April for unknown reasons. But no worries: the Fiji people have plenty to admire in their new money. 

More information and images can be found in this post.

Steven Thursday 03 January 2013 at 11:09 am | | news | No comments
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New banknotes for Zambia

As announced Zambia issued new kwacha banknotes on 1 January 2013. Basically they kicked three zeros from their previous notes. This rebasing of their currency leaves with them K100, K50, K20, K10, K5 and K2 notes and coins for K1, 50 ngwee, 10 ngwee and 5 ngwee.

From 1 July 2013, the old currency will not be accepted anymore, 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. And what do the new notes look like? Click:

The new banknotes

Update: sadly this rebasing of the kwacha has prompted some people to deceive others, particularly with the old and new K100 notes, as can be read in this article.

The old K100 banknote is a low value banknote and is now equivalent to 10 Ngwee in the redenominated banknotes while the new K100 banknote is equivalent to K100, 000 in the current family of banknotes.

Steven Wednesday 02 January 2013 at 08:13 am | | news | Two comments
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New design for Tajikistan's 5 and 10 Somoni

On 25 December 2012 the National Bank of Tajikistan introduced new 5 and 10 Somoni banknotes. The design is the same as the previous versions (P15 and P16) but in the new design a Kinegram stripe has been introduced on the front. The notes of 20, 50, 100, 200 and 500 Somoni already have a Kinegram stripe.

Unfortunately, the National Bank only has these two small images available but I'm looking for larger images.


You can read more about Kinegrams on this wikipedia site or in my list of security features.

Steven Thursday 27 December 2012 at 10:15 pm | | news | No comments