Sunday, November 1, 2009

Yemen Unveiled New 250 Rial Note

Central Bank of Yemen News

The Central Bank of Yemen announces A new banknote, YR 250, to be put into circulation.

It is a pleasure for the Central Bank of Yemen to announce to the public the following:

Pursuant to the Provisions of Article 24 of Law number 14 of the year 2000 relating to the Central Bank of Yemen, a new banknote of a denomination of YR 250 (two hundred fifty) with high specifications will be put into circulation starting on Saturday, November 14, 2009.

This new banknote shall be legal tender for payment of any amount and shall have the following specifications:

First: the General and Technical Specifications:

A- The size is 158 mm x 75 mm.
B - There is a water mark depicting the coat of arms of the Republic of Yemen located on the right hand side of the face of the banknote.
C- The YR 250 banknote has many features and elements enabling easy detection of its authenticity. They include:
1. The script is prominently printed on the banknote (intaglio) , giving it a distinctive roughness to the touch. The banknote shows the denomination value, the name of the Central Bank of Yemen and the signature of the Bank Governor.
2. There is a star at the bottom of the face of the banknote, half of which is brown while the other half is white.
3. The dome of the mosque appears in a uniform pink color when looking at the banknote directly. But if the banknote is slightly tilted, the color of the background of the dome changes into the colors of a rainbow and shows the denomination value.
4. When light is shed on the back of the banknote the thread stripe changes from a winding zigzagging silver form into dark straight broad black filament and the denomination value appears in white bright color all along the filament.
5. There are modern methods of detecting the authenticity of the banknote, such as by using counting and sorting machines or when the banknote is exposed to ultra violet rays.

Second: Specifications of the Face of the Banknote:

A. A general view of Al-Saleh mosque with its name written at the bottom of the picture.
B. The phrase " Central Bank of Yemen" printed at the top center of the banknote, followed by "Central Bank of Yemen" then "Signature" above the word "Governor".
C. The denomination value is prominently printed in Arabic numbers at the bottom right hand side of the banknote. On the top right hand side of the banknote there are Islamic geometrical designs.
D. Letter-Press printing of the serial numbers printed in red ink at the top right hand side of the paper and in black ink at the bottom left hand side of the banknote.
E. Date of printing 1430 H - 2009 in Arabic.

Third: Specifications of the back of the banknote:

A. A picture of the Mukalla Khor with its name depicted at the bottom of the Khor.
B. The name of the Central Bank of Yemen in English at the top center of the banknote.
C. Printing of the value of the denomination (250) in Arabic numbers at the top left hand side of the banknote and the bottom right hand side of the banknote.
D. Decorative Islamic geometric designs.
E. The back of the banknote contains several advanced security features some of them can be easily recognized by the man in the street, but others can only be detected by counting and sorting machines or when exposed to ultraviolet rays.

Above is a picture of both the face and back of the banknote.

Info courtesy of cleo phas

Friday, October 16, 2009

Scotland's Clydesdale Bank Issues New Banknotes

By Nutmegcollector
October 16, 2009

Scotland issues a new series of banknotes to celebrate the best of Scotland’s heritage, people, and culture, coinciding with the 250th anniversary of the birth of Robert Burns and the Year of Homecoming 2009. The new notes will enter circulation very shortly.

The new family of banknotes celebrates famous Scots on the front and the five World Heritage Sites in Scotland on the back, drawing on the Homecoming themes of Burns, Great Minds and Innovation, Culture and Heritage. The new designs are:

£5: Scientist Sir Alexander Fleming and St. Kilda

£10: Poet Robert Burns and The Old and New Towns of Edinburgh

£20: King Robert the Bruce and New Lanark

£50: Suffragette Elsie Inglis and The Antonine Wall

£100: Architect Charles Rennie Mackintosh and the Heart of Neolithic Orkney

Scans courtesy ybnotes

Monday, October 12, 2009

Superb Set of Australian Banknotes sold by Spinks for £350,000

By Spink on Monday, October 12, 2009

On September 29th, Spink held a sale in London of A Superb Set Of The 1913 – 1914 Commonwealth of Australia Banknotes.

The notes were found in a chest of drawers in the North Yorkshire home of an elderly man when his home was being cleard out for an estate sale. He had been unaware of their existence until he was told by the auctioneer who was clearing his house, that a windfall might be coming his way.

Recognising that these notes were a rare find indeed, an astute Rodney Tennant of Tennants of Leyburn asked London coins and banknote specialists Spink to sell the six notes – all with early serial numbers and all marked Cancelled.

Spink offered them (in the separate catalogue) as lot number one of their banknotes sale of September 28. They did not quite make their £400,000-450,000 estimate, but the vendor’s family was delighted to learn that they had sold to an Australian private collector at £350,000.

Background from the Catalog:

From May 1913, the first distinctive Commonwealth of Australia banknotes were issued. They were controversial in that no portrait of the reigning monarch, King George V, was included in the design. It was also feared that the release of a ten-shilling denomination (reportedly the first by any government within the British Empire) would spread diseases from the lower to middle and upper classes. Specimen notes were prepared from regular note stocks by perforating them horizontally with the word ‘CANCELLED’. Such notes were taken at random from the print runs as required, so many bear relatively high serial numbers. It wasn’t until the issuance of the 1923 series bearing George V’s effigy that low numbers were reserved for specimen notes.

Distribution of the early specimens was strictly limited, generally to reciprocating government banks, law enforcement agencies including Scotland Yard, and major museums within Australia. In 1922, a set was even laid under the foundation stone of the new Commonwealth Bank in Collins Street, Melbourne. However, the allocation of such specimens to private individuals was almost non-existent.

10 shillings, ND (1913), red serial number M 010056, blue, value in orange, lilac & green central panel, crown and serial number above, value at right, arms at left, signature of James Richard Collins the Assistant Secretary low left, and of George Thomas Allen the Secretary to the Treasury low right, low centre margin is the imprint of the printer T.S HARRISON AUSTRALIAN NOTE PRINTER, reverse blue, Goulburn Weir, Victoria at centre, value at left and right, (Vort-Ronald type V.1, McDonald 3, Renniks 1c).

Vort-Ronald states approximately 502,667 printed. Early serials of this note were hand-numbered in a special ceremony at the King’s Warehouse, Melbourne on 1 May 1913. Judith Denman, daughter of Governor-General Lord Denman, was presented with note number ‘M 000001’. Lord Denman received number ‘2’, and son Thomas number ‘3’. Prime Minister Andrew Fisher purchased ‘4’ and ‘5’. Notes from ‘6’ through to ‘500’ were allocated by ballot to Members of Parliament, although not all were taken up. Approximately 25 of these early numbers are known to collectors. Notes from serial ‘M 000501’ onwards are known to have been released for circulation. In 1915 the design was modified to include an elaborate underprint on the back of the note so as to deter forgers. This example is very rare as a cancelled specimen.

£1, ND (1913), red serial number P 008055, blue, value in orange, green & lilac central panel, arms at centre, crown above, value at left and right, Collins signature low left, Allen signature low right. T.S. Harrison imprint low centre, reverse blue, central vignette is a mining scene taken from a photograph produced in 1908 (Victoria Quartz mine, Bendigo, the deepest gold mine in the world at the time) (Vort-Ronald V.17a, McDonald 26, Renniks 18a). 1,000,000 printed.

Due to the uncertainty of supply and wartime conditions, five different serial number combinations exist on the Collins/Allen one pound. The red serial number variety is the first and scarcest. Extremely rare as a cancelled specimen.

£5, ND (1913), black serial number U 067927, blue & pale green, value in pink, orange & green at centre, crown above, arms left centre, value at each corner, Collins signature low left, Allen signature low right, T.S. Harrison imprint low centre, reverse blue, at centre oval vignette depicting the Hawkesbury River at Peat’s Ferry near Brooklyn, New South Wales, value above and below and at left and right (Vort-Ronald V.31, McDonald 53, Renniks 35).

Vort-Ronald states approximatley 693,442 printed. Like the 1913 ten-shilling note, the first issue of the five pounds was short-lived due to extensive forging. In 1914 an elaborate underprint, or ‘mosaic’, was added to the back of the note. This example is the ‘non-mosaic’ variety and is very rare as a cancelled specimen.

£20, ND (1914), black serial number X 000018, blue, green & pale orange-pink, value in blue and orange low centre, crown above, arms left centre, value at left and right, Collins signature low left, Allen signature low right, T.S. Harrison imprint low centre, reverse blue, a circular vignette at centre depicting timber cutting in Tasmania, value in eight pointed star top left and right, (Vort-Ronald V.55, McDonald 87, Renniks 64). Vort-Ronald states approximately 40,743 printed.

The high-value twenty, fifty and hundred pound notes were withdrawn during World War II to deter black-marketeering. Issued examples are all very scarce to rare, and specimens even more so. This example is one of two known in private hands, the other bearing consecutive serial numbers ‘X 000017’.

£50, ND (1914), black serial number Y 005495, blue, green, pale orange & pink, value in blue at centre, arms top centre, crown left centre, value at left and right, Collins signature low left, Allen signature low right, T.S. Harrison imprint low centre, reverse blue, a central vignette depicting a flock of sheep at Bungaree, South Australia, value at left and right and low centre. (Vort-Ronald V.57, McDonald 90, Renniks 66). Vort-Ronald states 83,845 printed.

No issued Collins/Allen fifty pound notes are known in collectors’ hands, and only three cancelled specimens – this example, a consecutive note number ‘Y 005494’, and a third number ‘Y 146511’, are recorded. The latter is additionally cross-cancelled in black to prevent fraudulent use.

£100, ND (1914), dark blue serial number Z 006944, blue & green, value in pale orange low centre, crown at right centre, arms at left centre, value low centre and at left and right, Collins signature low left, Allen signature low right, T.S. Harrison imprint low centre, reverse blue, two oval vignettes at centre, left centre is the upper Yarra River, Victoria, right centre is the Leura Falls, New South Wales, value top and low centre and at left and right. (Vort-Ronald V.59b, McDonald 94, Renniks 68b).

Vort-Ronald states approximately 24,000 printed. No issued Collins/Allen hundred pounds of this variety (small blue serials) are known in collectors’ hands, and only two cancelled specimens – this example, and another with consecutive serial number ‘Z 006943’, are recorded.

The general grade is excellent, there are signs of light handling, all are perforated CANCELLED and pinholed, but the notes are fresh and original, a truly exceptional group.

Tuesday, October 6, 2009

Morocco Issues New 50 Dirham Commemorative Note

By Nutmegcollector
October 6, 2009

Morocco is expected to issue a 50-dirham note next week to commemorate the 50th anniversary of the central bank. This will be the first commemorative banknote issued in Morocco

Front shows portraits of kings Mohammed VI, Hassan II and Mohammed V. The kings also appear on a holographic stripe. The crown on top left corner was printed with ink that changes color depending on the angle of view.

The back depicts the Bank Al-Maghrib building in Rabat.

Info courtesy of cleo phas.

Wednesday, September 23, 2009

Scottish £1 Goes for Record Price

BBC News
September 23, 2009

A Scottish banknote from 1836 has sold for a world record price at auction.

The £1 note sold for £9,000 ($US14,800) at the charity auction held by the Clydesdale Bank, beating the old record of £7,000 ($US11,500) set in 2001.

The note was issued by the North of Scotland Bank, which became part of Clydesdale Bank in 1951.

Saturday, September 19, 2009

Jamaica New $5000 Notes

Jamaica Information Service
September 19, 2009

The Bank of Jamaica says it will be issuing a high security $5,000 banknote on Thursday (September 24).

The note will be legal tender for all monetary transactions, and will complement the existing family of banknotes; namely $50, $100, $500 and $1,000.

The portrait of the late former Prime Minster of Jamaica, the Rt. Hon. Hugh Lawson Shearer, appears on the front of the note.

The reverse features blossoms of the Frangipani and an aerial view of Highway 2000.

In addition to the standard security features on the existing banknotes - magnetic thread and ink, iridescence, florescence and watermark- this high value banknote will have a special security feature known as OptiksT. This is a wide security thread which features the Jamaica coat of arms. When held up to the light, the complete thread with "BOJ $5000" will become visible.

The many features of the note are detailed in posters which will be displayed in prominent public places. The new note is dated January 15, 2009 and bears the signature of the Governor of the Bank, Derick Latibeaudiere.

The note will be available at the Bank of Jamaica and at all commercial banks as of next Thursday.

Friday, September 11, 2009

Hong Kong Launched World's First $150 Banknotes

By Nutmegcollector
September 11, 2009

A bank Wednesday marked its 150th anniversary in Hong Kong by launching what it claimed to be the world's first 150-dollar bank notes.

Standard Chartered Plc, one of three note-issuing banks in the wealthy city of seven million, has printed 1 million of the 150-Hong-Kong-dollar notes, worth $19.35 each.

It invited people to apply for the new notes from Wednesday, offering them as collectors items with prices of 280 Hong Kong dollars each and up.

Some notes bearing what are considered lucky serial numbers, such as 888888, are to be auctioned in October with a minimum bid of 3,000 Hong Kong dollars per note.

Money from the sale of the notes is to go to local charities in what Standard Chartered has described as a "creative tribute" to the people of Hong Kong.

Standard Chartered began operations in Hong Kong in 1859, six years after it was founded, and is the oldest of the three note-issuing banks in the city. The other two are HSBC Holdings Plc and the Bank of China Ltd.

Thursday, August 27, 2009

Bangladesh Issued New 500 Taka Banknote

By Nutmegcollector
August 27, 2009

Bangladesh issued a new 500 Taka banknote. The note is similar to the previous 2000 issue except with new date and new signature.

Mujibur Rahman on front right and High Court building in Dhaka on the back.

Scans courtesy ybnotes

Armenia New 100,000 Dram Banknote

August 26, 2009

YEREVAN -- An Armenian Central Bank official says the introduction of a 100,000 dram banknote does not increase the risk of inflation or delay an imminent devaluation of the national currency, RFE/RL’s Armenian Service reports.

Central Bank board member Vakhtang Abrahamian told RFE/RL that specialists studied the issue and concluded that the introduction of this large banknote -- worth about $265 -- does not threaten any major devaluation of the national currency.

The 100,000 dram bill came into circulation on August 24. Before that, a 50,000 dram bill was Armenia's largest banknote.

Abrahamian said the new banknote will make up only 3 percent of the cash circulating on the market and "cannot have a significant impact" on the economy in terms of the value of the national currency or any inflation risks.

Economist Vahagn Khachatrian, of the opposition Armenian National Congress, regards the move as a sign of a possible depreciation of the Armenian currency.

He told RFE/RL that, "It is an accepted practice in all countries that banknotes of a higher nominal value are printed when devaluation takes place."

Saturday, August 15, 2009

Azerbaijan’s National Currency Marks 17th Year In Circulation

15 Aug 2009 15:03

Baku. Vahab Rzayev-APA-ECONOMICS. Azerbaijan’s national currency, manat, marks the 17th year in circulation.

First issued on 15 August 1992 after the country regained independence from the Soviet Union, the notes came in denominations of 1, 5, 10, 250 manat and coins (a manat is subdivided into 100 kopecks). After hyperinflation amid political turmoil in early 1990s, note in denomination of 50 000 was issued and small nots became useless.

On 1 January 2006, a new manat (ISO 4217 code AZN, also called the "manat (national currency)") was introduced at a value of 5000 old manat.

Since 1 October 2005, prices have been indicated both in new manats and in old manats to ease transition. Coins denominated in kopecks, which had not been used from 1993 onwards due to inflation, were reintroduced with the redenomination.
The former manat (ISO code 4217 AZM) were invalid from 31 December 2006.

Current banknotes in circulation are 1, 5, 10, 20, 50 and 100 manat. They were designed by Austrian Robert Kalina, who was also responsible for the current euro banknotes. The notes look quite similar to those of the euro and the choice of motifs was inspired by the euro banknotes. Coins in circulation are 1, 3, 5, 10, 20 and 50 kopecks.

Thursday, August 13, 2009

Poland to Issue New 20 Zlotych Commemorative Banknote

By Nutmegcollector
August 13, 2009

The Polish National Bank will issue a new 20 Zlotych banknote on September 23, 2009 to commemorate the 200th anniversary of the birth of Julius Slowacki.

The front shows a bust of Julius Slowacki, and view of the manor Krzemieniec, which for several years had been the Julius Slowacki Museum.

The reverse shows the head of the column of Zygmunt III Vasa at Castle Square in Warsaw, and the reproduction of a portion of the poem "sedation".

The banknotes have been produced by the Polish Security Printing SA. Only 80,000 notes issued.
Banknote is a legal tender with a nominal value of 20 €.

Juliusz Słowacki was born on September 4, 1809 in Kremenets, Volhynia, Russian Empire, now in Ukraine. He died on April 3, 1849 in Paris. Słowacki was a noted Polish Romantic poet, considered to be one of the "Three Bards" of Polish literature. His works often feature elements of Slavic pagan traditions, mysticism, and Orientalism.

Thursday, July 23, 2009

Iran Issues New 5,000 Rials Banknote with OMID Satellite

By Nutmegcolllector
July 23, 2009

Iran issued a new design 5,000 Rials banknote with image of OMID, Iran's first domestically-produced research and telecommunications satellite, which was launched into space on February 3, 2009.

The note has signatures of Dr. Mahmoud Bahmani and Dr. Shams-Al-din Hosseini.

Saturday, May 30, 2009

Steam Giants On New £50 Bank of England Note

BBC News
May 30, 2009

Two giants of the industrial age are to appear on a redesigned Bank of England £50 note.

Scottish engineer James Watt and his business partner Matthew Boulton, from Birmingham, developed the steam engine.

Bank of England governor Mervyn King said their 18th Century innovations were essential in driving Britain's Industrial Revolution.

It is the first time two portraits have appeared together on the note. An image of the Queen appears on the other side.

Inventor and mechanical engineer James Watt was born in Greenock in 1736 and carried out some of his first experiments with steam power in Glasgow.

His partnership with Matthew Boulton, who owned the Soho Foundry in Birmingham, gave him access to the latest metal working techniques.

The resulting Boulton and Watt engine proved far more efficient than previous designs, and was soon being used in coal mines and cotton factories.

The new banknote, to be launched in 18 months, includes an image of a steam engine and the Soho factory.

Mervyn King said: "So many of the advantages society now enjoys are due in large part to the vital role of engineering and the brilliance and foresight of people such as Boulton and Watt, whose development and refinement of steam engines gave an incredible boost to the efficiency of industry."

He added: "The unique and rare opportunity that the bank has through its banknotes to acknowledge and promote awareness of our nation's heritage of artistic, social and scientific endeavour is an honour for us.

"The bank's choice of Boulton and Watt, a reminder of the invaluable contribution from engineering and the entrepreneurial spirit to the advancement of society, I think, well reflects this."

The new note will circulate initially in tandem with the existing £50 note featuring the first Bank of England governor Sir John Houblon, but the older note will gradually be withdrawn.

Saturday, May 9, 2009

Nepal Issued New 20 Rupee Banknote

By Nutmegcollector
May 9, 2009

The Nepal Rastra Bank (NRB) has put into circulation a new 20 Rupee banknote in 2009. The new note removed King Gyanendra’s name, image, and royal symbols from the country’s currency.

India Issued New 100 Rupee Banknote

The Times of India
10 April 2009

The Reserve Bank of India will shortly issue Rs 100 denomination bank notes with 'R' inset letter in both numbering panels in Mahatma Gandhi
series-2005 bearing the signature of Dr D Subbarao, Governor.

Except for the changes in the inset letter, the design of these notes to be issued now is similar in all respects to the bank notes in Mahatma Gandhi series-2005, with additional /new security features issued on August 24, 2005. All bank notes in the denominator of Rs 100 issued by the Reserve Bank in the past will continue to be legal tender.

Scans courtesy of Claudio Marana

Tuesday, March 24, 2009

Nansha Islands Banknotes

By Nutmegcollector

Chinese 1, 2 and 5 Jiao, 1, 5 and 10 Yuan notes overprinted "FOR USE ONLY IN NANSHA ISLANDS" in Chinese and in English have recently surfaced. The reverse of each note also bears a red chop that refers to the South China Sea Fleet.
Nansha Islands, also known as Spratly Islands, are a group of more than 100 small islands or reefs in the South China Sea. The islands are surrounded by rich fishing grounds and sit atop of potentially large gas and oil deposits.

These islands are claimed in whole or in part by the Peoples Republic of China, Taiwan, Vietnam, the Philippines, Malaysia and Brunei. About 45 islands are occupied by relatively small numbers of military forces of the various claimants.

It’s unusual for Nansha Islands to issue their own currency since they have no indigenous inhabitants . I suspect these notes are spurious, an attempt by the Chinese to legitimize their sovereignty claim.

Thursday, February 26, 2009

New South Korea 50,000 Won Banknote

By Nutmegcollector

South Korea plans to released a new 50,000 Won note in May or June 2009. Worth only about US$35, this note, however, is 5 times more than current highest denomination, the 10,000 Won note featuring King Sejong.

Also, for the first time, a woman is featured on a South Korean banknote. The note features Shin Saim-dang (1504-1551), painter, author, and mother of the great philosopher Yul-gok, also known as Yi I (1536-1584).

The sizes of the Korean bank notes have recently been changed. They don't share the same dimensions anymore. Now, the higher the denomination, the bigger the size. The new 50,000 Won will be 6mm bigger than the 10,000 Won note.

Monday, February 2, 2009

Zimbabwe Chops Off 12 Zeros From Currency

By Nutmegcollector

As inflation continues to spiral out of control in Zimbabwe, the country's central bank Monday chopped off 12 zeroes from the national currency to make transacting more convenient.

This is the second time in less than six months that the country has had to remove zeroes from the Zimbabwe dollar.

In August last year, the central bank cut off ten zeroes from the dollar, and introduced a series of new smaller denomination bank notes.

But the new notes soon lost value as inflation, estimated to be in the billions of percent, soared unabated.

Only two weeks ago, the central bank introduced new Z$10 trillion, Z$20 trillion, Z$50 trillion and Z$100 trillion in an effort to easy financial transactions.

The denominations of the new banknotes are Z$1, Z$5, Z$10, Z$20, Z$50, Z$100, Z$500.

South Korea Activists Launch 5,000 Won Notes Tied to Balloons

By Michael Ha
Staff Reporter
The Korea Times
February 2, 2009

Activists said Monday that despite government objections, they will launch more anti-Pyongyang propaganda leaflets across the border to the North.

And this time they are raising the stakes: The activists say they will attach North Korean banknotes to some of the leaflets to encourage citizens to pick them up.

The new leaflets will be launched around Feb. 16, the birthday of North Korean leader Kim Jong-il, the activists said.

But the government, which has been criticizing the activists' leaflet campaign as unnecessarily provoking the North, said it may conduct an investigation into the plan on how the activists got hold of North Korean currency.

The Ministry of Unification said that it would announce its official stance on the controversial issue sometime today.

President Lee Myung-bak also made it clear last week that he disapproves of the leaflet campaign. During a nationwide television appearance last Friday, he called on local activists to stop the campaign, saying, ``It is better to avoid inciting North Korea over trivial issues.''

According to Seoul, there is no law that prohibits launching anti-Pyongyang leaflets to the North, but attaching North Korean money could be a different matter.

Since state approval is required to bring North Korean currency into the South, the government may be interested in finding out how the activists acquired their North Korean banknotes and whether they were involved in any illegal activities.

The ministry, which handles cross-border ties, said importing North Korean currency without approval is punishable by up to three years in jail, or heavy fines.

The activists said they are planning to send some 300,000 leaflets tied to balloons, along with North Korean banknotes worth two-to-three million won in total to be launched across the border. Each 5,000 North Korean-won note can buy two kilograms of rice or one kilogram of pork, according to local news reports.

Anti-North Korean leaflet drops have been going on for years. The flyers openly disparage North Korean leader Kim and anticipate the regime's eventual fall. But Pyongyang has renewed complaints about them since last year as inter-Korean ties continued to worsen under the conservative Lee administration.

Friday, January 23, 2009

Barack Obama Inauguration Novelty Notes - An Incredible Story

By Nutmegcollector

I created a series of Barack Obama Novelty Notes to commemorate the Inauguration of the 44th President of the United States.

These notes turn out to be selling well on my website and at eBay.

One customer bought a set of four notes like the ones shown here for $7.99.

He had the bright idea of taking them to the post office on the day of inauguration to have them post marked individually by hand.

There was a man waiting behind him at the post office counter. The man saw what was going on, and offered him $200 cash on the spot to buy these notes.

My customer wrote me about this incredible story.