Wednesday, May 5, 2010

Bermuda $2 Bill is the Banknote of the Year

The Royal Gazette
May 5, 2010

Bermuda's $2 bill has been named the 2010 Banknote of the Year by the International Banknote Society (IBNS).

The bill was chosen for its attractiveness and its "interesting array of security features".

The $2 note was first issued by the Bermuda Monetary Authority (BMA) last year as part of the Island's redesigned currency series the first major redesign of Bermuda banknotes in 40 years.

"The Authority is delighted to have received the IBNS award for this year," said BMA CEO Jeremy Cox. "Our currency team worked diligently over a number of years to produce and introduce the new banknote series to the Bermuda public. The new notes are distinctive, modern and secure, and have made a great impression locally. We congratulate our currency team on this accomplishment."

Part of the idea was to showcase Bermudian flora, fauna and places of historical interest, said Marcia Woolridge-Allwood, the BMA's director of corporate and financial services.

The $2 note shows the Bermuda Bluebird on the front and the Dockyard Clocktower and Statue of Neptune on the back.

"It is gratifying that our $2 banknote has been recognised by the IBNS for its combination of beautiful design and state-of-the-art security elements," Ms Woolridge-Allwood said.

Security features remarked on by the judges include various watermarks, an embedded metallic thread, and a special feature "portraying a compass which fluoresces in two colors under UV light".