Saturday, December 24, 2011

Bangladesh 40 Taka Commemorative banknote

Bangladesh Bank will issue a new 40 Taka note to commemorate the 40th Anniversary of the country's victory in the War of Liberation on December 26, 2011.

Front: Mujibur Rahman (1920-1975), President of Bangladesh in absentia 1971-1972, Prime Minister of Bangladesh 1972-1975, President of Bangladesh 1975

Back: Six Freedom Fighters

Info and pictures courtesy Claudio Marana

Friday, December 23, 2011

New Serbia 2000 Dinar Banknote

The National Bank of Serbia introduced a new 2000 dinar banknote to bridge the denomination gap between 1000 and 5000 dinar banknotes. The new banknote will be placed in circulation on 30 December 2011. The note, designed in line with the latest world standards, contains contemporary anti-counterfeit security features.

The 2000 dinar banknote is the first new banknote put in circulation after more than seven years. Its front features the portrait of Milutin Milanković, a world famous Serbian scientist, and the back contains the figure of Milutin Milanković with stylised presentation of his works.

Info and pictures courtesy of cleo phas.

Thursday, December 22, 2011

Santa Claus as Depicted on Obsolete Bank Notes

By Kathy Lawrence
Heritage Auctions
December 22, 2011

Many countries have versions of St. Nicholas. The American version came to us by means of the early Dutch settlers in New York (then known as New Amsterdam). That version of Santa Claus was a much thinner man than what we're accustomed to today. The poem, "The Night Before Christmas," (originally published as "A Visit From St. Nicholas") by Clement Clarke Moore in 1823 forever altered our view of the man and led to an increased popularity of Santa. Moore wrote the Christmas poem for his children, but it was later widely published along with a representation of Santa that was painted by newspaper artist Thomas Nast in 1870 based on Moore's poem.

A number of Northern states designated Christmas as a state holiday in the mid 1800s. Since banks often chose vignettes that would lead customers to have faith in the bank, it is not surprising that Santa Claus vignettes were chosen by some banks to help acquire confidence and goodwill. The banks may have also hoped that customers would set a lower denomination note aside as a keepsake due to the Santa vignette as well. The vignettes found in this collection portray both the thinner Dutch version of Sinterklaas as well as the more Americanized version.

Heritage Currency is pleased to present The Roger H. Durand Santa Claus Notes Collection as part of our FUN Signature Currency Auction being held in Orlando from January 5 thru 8. Given the fact that most of the notes with Santa Claus vignettes are scarce to extremely rare, this is indeed a fabulous and noteworthy collection. Roger's initial purchase that began this collection took place in 1960 at a cost of $17 — several multiples of what most Obsoletes cost at that time. At that time, there was only one reference on the subject — a five page monograph by John A. Muscalus, Ph.D. published in 1959. That work was followed in 1973 by a publication from Larry L. Ruehlen that ignited the interest of collectors.

There were far fewer notes than there was demand for and the notes are generally prized and closely held, so building a collection was quite the challenge. Although that is still the case, the sale of the American Bank Note Company archives in 1990 did add more material to the marketplace along with Part VI of the Ford sale in October 2004, although the Ford sale consisted primarily of material he purchased at the 1990 sale. The continued interest in the Santa Claus vignettes is evidenced by the fact they took the number 23 spot on the list of The 100 Greatest American Currency Notes list, and the recent auction sale of a circulated Santa Claus note for over $40,000, an amazing price indeed for any obsolete banknote.

May your eyes twinkle and your dimples be merry this holiday season.

Wednesday, December 21, 2011

Malaysia Unveiled New Series of Banknotes

The Bank of Malaysia unveiled a new series of 1, 5, 10, 20, 50 and 100 Ringitt banknotes.

Commemorative sets of the new notes will be sold at a premium over face value beginning 22 December 2011. Notes for general circulation will be released by mid-2012.

The latest series of Malaysian banknotes draws its inspiration from elements which distinctively define the country's diverse culture, heritage and nature. Themed 'Distinctively Malaysia', the fourth series of Malaysian banknotes features traditional expressions in the art and craft, natural wonders, flora and fauna, economy and tradition.

On the obverse side, all banknote denominations in the new series retain the portrait of the first Seri Paduka Baginda Yang di-Pertuan Agong, Tuanku Abdul Rahman ibni Tuanku Muhammad, the national flower Rosa-sinensis hibiscus (known locally as the 'Bunga Raya') and patterns of traditional woven fabric - the 'songket'.

The reverse side of each banknote denomination features different elements of nature, tradition, culture, flora, fauna and the economy that are distinctively Malaysian.

RM1 polymer banknote
Traditional Sport

Kite-flying is a popular traditional sport in Malaysia especially in Kelantan and Terengganu. Kite-flying is also traditionally a celebration of a good harvest which brings together the local communities in these states.

Amongst the best-known and most iconic Malaysian kites is the 'Wau Bulan' or Moon Kite which is featured on the new RM1.

The Wau Bulan, which is hand crafted from bamboo and paper, is also a popular decorative item that adorns the walls of Malaysian homes.

RM5 polymer banknote

Featured on the new RM5 polymer banknote is the Rhinoceros Hornbill (Buceros rhinoceros), one of the largest and most magnificent hornbill species in the world.

Found in low densities throughout various rainforests in the country, this beautiful, broad-winged and long-tailed forest bird plays an important role in the customs and traditional ceremonies in Sarawak which is known as 'Bumi Kenyalang' or 'Land of Hornbills'.

Hornbill is also seen as a symbol of strength and courage by the native communities of Sarawak.

RM10 banknote

Malaysia's lush tropical jungle, which is one of the world's oldest living rainforest, is home to a spectacular variety of flowering plants. Most iconic amongst them is the Rafflesia, the world's largest flower.

The Rafflesia Azlanii species featured on the new RM10 banknote is indigenous to Peninsular Malaysia and was first discovered in the Royal Belum Forest Reserve of the state of Perak in 2003.

To commemorate its discovery, this majestic flower was named after the Sultan of Perak, Sultan Azlan Muhibbuddin Shah ibni Almarhum Sultan Yusuff Izzuddin Shah Ghafarullahu-Lah.

RM20 banknote
Marine Life

As ambassadors of the rich and colourful marine life found in our tropical waters, two of the most well-known species of sea turtles endemic to Malaysian waters are on the new RM20 banknote - the Hawksbill Turtle (Eretmochelys imbricata) and Leatherback Turtle (Dermochelys coriacea).

The Hawksbill is easily identified by its curved beak and scaly shell while the Leatherback has a leathery skin and seven ridges on its shell.

These gentle turtles are a reminder that their existence rests in the delicate balance of human activity and marine life conservation.

RM50 banknote
Agriculture and Technology

Oil palm and biotechnology are featured on the RM50 banknote as Malaysia's thriving economy icons. Oil palm has become the country's most valuable agricultural crop as Malaysia is one of the largest producer and exporter of palm oil in the world.

Biotechnology continues to drive this commodity up the value chain, supporting the nation's economic transformation towards higher value-added activities in the agriculture, manufacturing and services sectors of the economy.

Crude palm oil is also used as the underlying commodity to facilitate Islamic financing.

RM100 banknote
Natural Wonders

The magnificent beauty of Malaysia's two prominent natural wonders, declared 'World Heritage Sites' by the United Nations Educational, Scientific and Cultural Organization (UNESCO) are portrayed on the RM100 banknote.

These are the Kinabalu Park in Sabah, home to the majestic Mount Kinabalu (the highest mountain in Southeast Asia) and the spectacular limestone pinnacle rock formations of Gunung Api valley, found within the Mulu National Park in Sarawak.

Together, they represent the many natural wonders of Malaysia that provides visitors a unique experience.

Wednesday, December 14, 2011

Mauritius New 200, 500 and 1,000 Rupee Banknotes

The Bank of Mauritius has issued new 200, 500 and 1,000 Rupee banknotes. The notes, dated 2010 (issued in 2011) are similar to previous issues but with different colors and new Multi Image Hologram security features.

The Multi Image Hologram appears on the design of the dodo and the face value of the 200 Rupee note, on the deer and the face value of the 500 Rupee note, and on the key and face value of the 1,000 Rupee note.

Scans courtesy of Claudio Marana

Tuesday, December 13, 2011

Patra Maharaj Thai Banknotes

Bank of Thailand exhibition "Patra Maharaj Thai Banknotes", organised for the King's 84th birthday until January 13, showcases the Kingdom's history and development of paper currency from 1902 that well depicts the King's hard work for Thai people's happiness.

The exhibition is at the Somdej Residence at the Bang Khun Prom Palace. The Currency Museum is in the adjacent building.

Achara Deboonme
The Nation
December 13, 2011 1:00 am

Thai kings' portraits first appeared on banknotes in 1934 - several decades after paper money was introduced here - and that royal presence continues today.

While the monarch has ever since taken pride of place on the notes, the surrounding patterns and notation is constantly in flux, as is the imagery on the bill's reverse, which usually features architecture, landscapes or scenes of cultural interest. His Majesty's personal projects have been depicted since 1992, illustrating his effort to improve people's wellbeing.

This deep connection between the monarchy and our paper money is evident in the Bank of Thailand exhibition "Patra Maharaj Thai Banknotes", organised for the King's birthday and continuing through January 13.

"The main concept is 'The Sustainable Happiness of Thai People Originated from Behind the Picture'," says Amara Sripayak, the Planning and Budget Office's deputy governor.

"Viewers will appreciate the great mercy of the King, who has worked very hard to build real happiness for Thai people."

The exhibition has four zones.

"From His Heart to the People" includes a large mirror engraved with the same portrait of His Majesty that appeared on banknotes commemorating his 84th birthday. Along the side are passages from his 2008 speech to BOT executives, when he instructed them "to manage the national fund and not spend all of it".

In "The Unique Banknotes of the Ninth Reign" you can view an archive of royal projects as depicted on bills of various denominations, including one that showed in detail how a commemorative banknote was printed.

The third zone, Bank of Thailand Governor Prasarn Trairatvorakul points out, offers a wider view of the King's efforts during his 65 years on the throne, from water management and soil conservation to protecting the environment in other ways.

A note issued on June 3, 1987, represented a new initiative to honour the King on his 60th birthday. It's 15.9 centimetres square: The "1" represents the first banknote ever created, the "5" is for the fifth birthday cycle, and the "9" stands for King Rama IX.

Similarly, in 1996, a banknote marking the 50th anniversary of His Majesty's accession to the throne was 9.1cm wide, the "9" for Rama IX and the "1" to signify the first Thai king to have reigned so long.

The Bt1,000 note in the 14th series, issued on June 30, 1992, honoured the King for his benevolence to citizens. It depicts the King and Her Majesty the Queen surveying a reservoir in Narathiwat.

The Bt1,000 note in the current series, the 15th, which came out on September 1, 1999, featured images of the King with a camera around his neck, one of his farming innovations and the Pasak Jolasit Dam.

Other royal projects illustrated on the bills have included a plan for diverting freshwater from Narathiwat's Khlong Sungaipadee and the Pasak Cholasit Dam.

The illustrations are doubly impressive considering the craftsmanship required in modifying photos and artwork for use on counterfeitresistant paper currency. Drawings must now be blended with computer graphics, rather than on printing machine as in the old days.

Artist Prasit Chanitrapirak says each piece takes him nearly four months to complete, but the achievement leaves him quite proud. "It's hard keeping my hand so steady all the time, but I have no intention of making a mistake!"

The prototypes for each series, normally kept in a vault, are on display in Zone 2, while Prasit demonstrates his technique in Zone 4.

Nearby him are specimens of banknotes along with rare pieces, such as notes bearing the "lucky number" 9. You won't often see so many different types of circulated notes with just 9s in the serial number. The Bank of Thailand had commercial banks withdraw these notes for safekeeping.

The fourth zone is a double treat for collectors. Also on view are banknotes bearing the signatures of various finance ministers and Bank of Thailand governors, and if they were in office just a short time, those notes are worth far more than the face value.

Collectors hunt them down, along with the signatures of renowned figures, such as Puey Ungpakorn, one of the most successful BOT governors, who served for 12 years.

My favourite item in the exhibition is a Bt1,000 note issued more than half a century ago. That was a lot of money back then, when a bowl of noodles cost less than Bt10. Thailand had never seen such a high denomination.

The Finance Ministry ordered these notes in 1949 and 500,000 were printed by 1952 - only for authorities to balk at the risk of inflation and have the whole shipment incinerated. Except for this miraculous survivor.

In the end, Bt1,000 notes didn't appear until 1996.

The show further reveals that, despite Thailand having paper currency since 1902 and having gone through 15 series, the Bank of Thailand only established its own printing house in 1969. Before that, all of the printing was done in England, Japan and the US, and then later by the Royal Thai Army's mapprinting unit.

Without the keen enthusiasm of a collector, I was able to tour the exhibition in half an hour, but even in that short period I learned a great deal about the inseparable connection between kings and banknotes.

And I came away with a deeper appreciation for the bit of paper we toss around with so little thought every single day.

Saturday, December 3, 2011

Lao Issues New 2000 Kip Banknotes on December 1, 2011

The Bank of the Lao PDR issues new 2,000 Kip banknotes on December 1, 2011. The release of the new banknotes marks the 36th anniversary of the founding of the Lao People's Democratic Republic and the birthday of the late President Kaysone Phomvihane.

Front: The late President Kaysone Phomvihane; Xiengthong temple, one of the oldest temples in Luang Prapang

Back: Seset 2 Hydropower Plant

Tuesday, November 29, 2011

The Two Dollar Bill Space Travelers

Astronauts, ground support crews, and even a few cosmonauts, have sometimes carried or sent U.S. $2 bills into the deep, black void of space during many historic missions that span manned spaceflight history.

They took or sent these bills home as mementos, good luck charms, or simply favors for family or friends.

This 1953 Series A $2 bill, serial number A60730193A, is hand signed by Lt. Col. John Glenn, his backup pilot, mission capsule communicator and fellow Mercury Astronaut Scott Carpenter, and Joe Trammel, the launch crew member who placed the bill in the capsule and wrote "Good Luck, John" on it before the flight.

This series 1953 bill, with serial number A10241591A, was first taken into orbit by Gene Cernan on Gemini 9A as a favor to his father, who made the habit of carrying this bill with him in his wallet for good luck. Gene’s father died in January of 1967, before he could return the bill to him. In memory and in tribute to his father, Gene later flew the bill into lunar orbit on Apollo 10, coming within just 8.4 miles of landing on the lunar surface. He also took it with him on the historic Apollo 17 mission, the last lunar landing of the Apollo program – and the bill made its way to the lunar surface, traveling with Gene and Harrison Schmitt in the spacecraft Antares to the Taurus Littrow Valley. It is the only such bill flown on each of these flights, and the only known bill of any denomination flown on three separate space missions. It is one of the few rare space artifacts in private hands to have achieved low Earth orbit, lunar orbit, and to have landed on the lunar surface. Additionally, the bill was exposed to the vacuum of space twice – once during the EVA of Gemini 9A, and again during the trans-Earth EVA of Ron Evans during the return trip of Apollo 17. Finally, the Apollo 10 mission holds the Guinness Book of World Records title for the fastest speed attained by a manned vehicle at 24,791 miles per hour – making this bill the only such bill to ever experience such a high rate of speed. As such, it is the rarest and most significant space flown bill of any denomination in existence.

Many of these $2 bills, some with signatures of the astronauts, are on display at the Jefferson Space Museum

Friday, November 18, 2011

Thailand issues 100 Baht Commemorative Banknote for the King's 84th Birthday

The Bank of Thailand will issue a Commemorative Banknote on the Auspicious Occasion of His Majesty the King's 7th Cycle Birthday Anniversary 5th December 2011.

Front: The portrait of HM the King over the background pattern printed with metallic gold ink . The silver foil bearing the inscription of HM the King’s initials “Bhor Por Ror”, the royal crest commemoration the 7th cycle birthday anniversary of HM the King on December 5,2011 the royal garuda emblem, and the Thai design.

Back: The portrait of HM the King during his visit to Mae Roem Reservoir Project under the royal initiative of HM the King. The other elements, The royal activities are demonstrated by the image of the King visiting the Thai people to ease suffering and bring happiness to them and the image of the King planting an experimental plot of vetiver grass, which signifies his contribution to the soil conservation. The images of Kwai Noi Bamrung Daen Dam in Phitsanulok Province and Chaipattana Low Speed Surface Aerator represent the royal activities regarding water resource development and management.

Size: 164x84mm

Notification Date: June 24, 2011

Issue Date: December 2, 2011

Courtesy of cleo phas

Tuesday, November 15, 2011

Poland to Issue 20 Zlotych Marie Curie Commemorative

The Polish National Bank will issue a 20 Zlotych banknote on December 9, 2011 to commemorate the 100th Anniversary of Marie Skłodowska-Curie's Nobel Prize for Chemistry.

Front: Marie Skłodowska-Curie and a view of the building of the Sorbonne in Paris

Back: The image of the medal awarded to Nobel Prize winners, a quotation from Marie Skłodowska-Curie's comment on radium and a view of the Radium Institute in Warsaw

Pictures courtesy of Claudio Marana

Wednesday, November 2, 2011

Tunisia Issued Two New Notes for 2011: 20 Dinars and 50 Dinars

The Central Bank of Tunisia had released a new 20 Dinars note last month.
The front of the new note is similar to the preceding issue, but with pinkish red and brown color instead of purple. The back of the note shows an entirely new design.

The new 50 Dinar note to be released tomorrow has a totally different design from previous issues.


Indonesia Issued New 20000, 50000 and 100000 Rupiah Commemorative Notes

Bank Indonesia issued new 20,000, 50,000 and 100,000 Rupiah bank notes on October 28, 2011 to commemorate the Youth Pledge Day.

The new notes feature "rainbow printing" which allows several colors to be printed using a single plate in specially modified equipment, resulting in a natural blending of the colors that is difficult to reproduce using commercially available printers.

Oto Iskandar di Nata (1897–1945), Fighter for Indonesia's liberation from Dutch rule, a national hero

Tea harvest

I Gusti Ngurah Rai (1917-1946), an Indonesian National Hero who commanded Indonesian forces in Bali against the Dutch during the Indonesian War of Independence

Pura Ulun Danu Beratan at Lake Beratan

Achmed Sukarno (1909-1970), first President of Indonesia 1945-67

Mohammed Hatta (1902-1980), first Vice President of Indonesia 1945-56

Parliament building, Jakarta

Sunday, October 30, 2011

Ukraine Issued New 50 Hryvnia Commemorative banknote

On October 5, 2011, Ukraine released into circulation banknotes commemorating the 20th anniversary of the establishment of the National Bank of Ukraine.

The notes are similar to the 2004 issue, except with the phrase "НБУ 20 років" (NBU - 20 years) printed in special ink on the front. When the banknote is held at different angles, the inscription changes color from golden to green.

The notes will have serial numbers from НБ0000001 to НБ0001000.

Pictures courtesy of Claudio Marana.

Tuesday, October 25, 2011

Bhutan Royal Wedding Commemorative Banknotes

The Royal Monetary Authority of Bhutan has issued a 100 Ngultrum banknote to commemorate the royal wedding of King Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema on October 13, 2011. The notes are on sale for 500 Ngultrum at Bank of Bhutan, Bhutan Development Bank Limited, and at the BOB counter in Paro Airport from October 13 until November 4, 2011.

Front: Mythical angel carrying the Raven Crown; national emblem; royal wedding logo consisting of khorlo (wheel) signifying royalty, circles with dhar (ceremonial scarf) signifying eternal union of thap (method) and sherab (wisdom), and the dham tshig tsangma and lotus, symbolizing purity of union; King Jigme Khesar Namgyel Wangchuck and Queen Jetsun Pema.

Back: Dragons; Punakha Dzong (aka Pungtang Dechen Photrang Dzong, meaning “the palace of great happiness or bliss”). Solid security thread with demetalized ROYAL WEDDING.

Saturday, October 22, 2011

Uganda Won 2011 Best Banknote Series Award at IACA Conference

The Bank of Uganda has won the 2011 Best Series Award and its 50,000 Shilling note, the Best Note award at the International Association of Currency Affairs (IACA) Conference that took place in Singapore from October 3-7, 2011.

All notes issued within the past 18 months were eligible for the competition.

This is the first time that a Central Bank wins both the Best series Award and the Best Note award.

According to Bank of Uganda Deputy Governor Louis Kasekende, Uganda beat stiff competition from the Philippines and Sri Lanka to win the coveted banking award that is intended to promote and recognize excellence in the currency industry. Kasekende says the banknotes were recognized for excellence in harmonizing aesthetics with security features.

This is the second international award the country receives for its banknotes coming shortly after winning the award for the Uganda 50,000 Shilling banknote as the Best banknote of the Year 2010 by the International Banknote Society. Kasekende says that this is the first time a central bank wins both honours.

The 2010 banknote series was designed along the dual themes of “Gifted by Nature” and “Uganda Through the Times” depicting Uganda’s unique natural endowment, cultural heritage and history. This was the first time Uganda’s banknotes were atheistically designed by indigenous artists.