New banknotes Libya announced. Again.

An article from the Libya Harald: "The Central Bank of Libya (CBL) has announced that it will launch the new Libyan banknotes on the second anniversary of the 17 February Revolution. It had earlier announced that it would start issuing new Libyan banknotes as of 31 January.

The new notes have values of one, five, ten, twenty and fifty dinars. Apparently, the LD 50 notes, previously shelved to try and control the black economy, will now be issued. The total value of the new banknotes is understood to be LD 116 billion. The Governor of the Central Bank, Saddek Elkaber, said yesterday that the new money had been printed in a record time of just ten months.

He added that the new banknotes had been modernised and improved, even including "a property that allows blind people to identify their financial value." He added that the new notes would reduce forgeries because of features such as security tags and the use of four  colours. Once the new banknotes have been issued, there will be a phased withdrawal of the old ones."

So another announcement in the neverending saga (1, 2, 3) from Libya. This time around though we also have pictures from the front of the notes!


Steven Tuesday 05 February 2013 at 08:41 am | | news | No comments
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New banknotes Libya today?

The Libya Herald reports that the long awaited new banknotes will be issued today.

The Central Bank of Libya says that it will start issuing new Libyan banknotes as of thursday. The notes have face values of one, five, ten and twenty dinars. There were plans to bring in a 50 dinars note but the Bank decided against it in a bid to control the black economy. According to the Bank’s Facebook page, there will be a special event at the Bank in the morning to launch the new notes attended by the chairman, Saddek Elkaber, the vice chairman, members of the board and  CEOs of other banks. The new notes arrived on Wednesday at Mitiga airbase and will slowly replace the old ones.

Given the bad information in the past about the Central Bank and the new banknotes, I will only believe it when I see it.

© Banknotenews

Steven Thursday 31 January 2013 at 09:18 am | | news | No comments
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Cambodia issues a new commemorative banknote

The Chinese website Gobal Times reports: The National Bank of Cambodia officially issued a new 1,000-riel banknote in order to remember and dedicate to late King Father Norodom Sihanouk. A sub-decree on the issuance of the new 1,000-riel currency was signed by Prime Minister Hun Sen on Tuesday.

The new note displays a portrait of late King Father Sihanouk on the obverse and a picture of a golden swan-shaped float that transported Sihanouk's body on the reverse. It main colors are pink and blue.

During his life time, Sihanouk's photos were printed on the current banknotes of 5,000 riels, 10,000 riels, 50,000 riels, and 100,000 riels. Sihanouk died of illness at the age of 90 in Beijing on October 15 last year. His body is now lying in state at the Royal Palace in Phnom Penh for the public to pay tribute. The body will be moved from the Palace to a custom-built crematorium at the Veal Preah Meru Square next to the Palace on February 1 and kept it for another three days at the site before it is cremated on February 4. About 1.5 million mourners are expected to attend the funeral, which will be safeguarded by some 11,000 security forces.

Born on October 31, 1922, Sihanouk ruled Cambodia from 1941 to 1955 and again from 1993 until his voluntary abdication on October 7, 2004 in favor of his son, the current King Norodom Sihamoni.

Steven Wednesday 30 January 2013 at 12:41 pm | | news | No comments

New security features for UAE banknotes


News from the United Arab Emirates. The National AE reports: "the UAE Central Bank has announced plans that it will put into circulation newly reprinted 100 dirham and 1000 dirham banknotes with fresh security features on Saturday.

The new features include a replacement of the metallic ink surrounding the UAE emblem by multi-coloured ink on the upper half of the front side of the two bills. A multi-coloured 3mm-wide security thread with "AED100" written on the front will also replace the current silver security thread at present. A similar multi-coloured thread will appear on the back side of the 1000 dirham bill.

The Central Bank said the overall design and other specifications of the two notes will stay the same."

Below are the new banknotes. You can see the security features in more detail here for the 100 dirham and here for the 1000 dirham. More information about security features in general can be found in this article.


Steven Wednesday 30 January 2013 at 12:23 pm | | news | No comments

Year of the Snake banknotes from Macau

Recently I wrote the following text in a post about the Lunar New Year.

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.

According to this article the rush for special banknotes has still overwhelmed the servers of the Banco Nacional Ultramarino. To be honest: the special banknotes do look very nice.

Steven Wednesday 30 January 2013 at 11:01 am | | news | No comments

New banknotes Angola announced (updated)

Luanda Angola Reserve Bank (BNA) announced it will release officially a new banknote series on Tuesday.

Update: From March to June the new series will be gradually introduced in the economy and will circulate simultaneously with the current ones. The new series has notes of  50, 100, 200, 500, 1000, 2000 and 5000 Kwanzas. The 10.000 Kwanza note will only be released "as necessary".

Steven Tuesday 29 January 2013 at 08:10 am | | news | No comments
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Draghi signature also confirmed for 100 euro

The new signature on the euro banknotes by Mario Draghi has now also been confirmed for banknotes of 100 euro. More info on the signatures on the euro banknotes can be found in this post


Steven Monday 28 January 2013 at 4:28 pm | | news | No comments
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Congo releases new note

The Banque Centrale du Congo has released the 20.000 francs note into circulation. 

Steven Monday 28 January 2013 at 4:25 pm | | news | No comments
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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.


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