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existing £50 note featuring the first Bank of England governor Sir John Houblon, but the older note will gradually be withdrawn.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