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

APA
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.