Thursday, September 8, 2011

(North) Sudan Issued Revised 10, 20 and 50 Pound Notes in 2011

The Central Bank of Sudan (North) released in circulation revised 10, 20 and 50 Pound notes in June 2011 in response to the independence of the southern part of the country. The new notes are similar to previous issue but with new color schemes, new date, new signature, and with the 2-mm wide windowed security thread moved to the back. A revised 5 pound note, courtesy of Claudio Marana, has also been issued recently.

Seychelles issued Upgraded 50, 100 and 500 Rupee notes for 2011

The Central Bank of Seychelles released in circulation upgraded 50, 100 and 500 Rupee notes on June 7, 2011.

The new banknotes consist of a very attractive hologram that replaces the gold and silver sailfish foil.

On the 50 Rupee banknote, the silver holographic sailfish foil security feature reflects the Aldabra Rail and the figure 50 when the banknote is held at different angles.

On the 100 Rupee banknote, the gold holographic sailfish foil security feature reflects the Seychelles Giant Tortoise and the figure 100 when the banknote is held at different angles.

On the 500 Rupee banknote, the gold holographic sailfish foil security feature reflects the Seychelles Scops-Owl and the figure 500 when the banknote is held at different angles.

Additional security upgrades include 2.5mm fluorescent security thread on the 50 Rupee, 2.5mm color shifting security thread on the 100 Rupee and the 3.0mm shifting security thread on the 500 Rupee; The GEMINI feature on all three denominations is a novel ultra-violet teller assist feature that fluoresce under ultra-violet light but appear normal under daylight.

The general color distinction between the different denominations has been further improved by the introduction of the colored denominational text. The 50 Rupee is more greenish, the 100 Rupee is more red and the 500 Rupee is more orange in color compared to the original banknotes currently in circulation.

Another new feature on the banknotes is that they all indicate the year in which they are printed. Moreover, the new banknote are all signed by the current Central Bank Governor, Mr. Pierre Laporte.

The current 50, 100 and 500 Rupee banknotes remain legal tender.

Top 10 world's most beautiful banknotes
Thursday, Sep 8, 2011

Where are the world's most beautiful banknotes to be found? Surely our dowdy pound notes or the equally boring US dollar bills won't make the top ten, let alone the top twenty. Even the euro notes, a brand new currency, hardly set the world on fire, despite coming with many different designs that vary from country to country.

No, to find more colourful banknotes you have to look further afield, to African and Asian countries and obscure island states. Here is Walletpop's selection of the best.

#10 Cook Islands

This slightly racy one comes from the Cook Islands.

#9 Poland

This Polish 50 zloty note depicts the Polish pope John Paul II (or Jan Pawel II in his native language), who died in 2005.

#8 Yemen

Yemen unveiled this new 250 rials note last year, which also features a mosque.

#7 Egypt

Egyptian banknotes usually feature a mosque on one side and pharaos, sphinxes and temples on the other. This one pound note shows Qaitbay Mosque and the Abu Simpel temples.

#6 China

A man holds up the new 10-yuan banknote in Wuhan of Hubei Province, China. To commemorate the Beijing Olympic Games, China's central bank issued a commemorative 10-yuan (95p) note in 2008, which features the National Stadium, or 'the Bird's Nest,' and the emblem of the Beijing Games.

#5 Faroe Islands

A crab's claw graces Denmark's Faroe Islands' 500 kronur note, with the view from Hvannasundi on the reverse. A large cracked rock rests in an area just north of Hvannasund. According to an old legend, that rock broke the very moment that Jesus was born.

#4 Canada

Canada proves that even a major economy can produce pretty banknotes, featuring early ice hockey players, and puts its bigger neighbour to shame.

#3 Suriname

Colourful birds and other animals are another popular motif in some parts of the world. This 2 1/2 gulden note from Suriname depicts a bird on one side and a lizard on the reverse.

#2 French Polynesia and New Caledonia

Some of the best-looking banknotes feature beautiful women. This one is a case in point. It is from the French Pacific Territories including French Polynesia and New Caledonia.

#1 São Tomé and Príncipe

A Portuguese-speaking island nation in the Gulf of Guinea, off the west coast of Africa. It is the second-smallest African country in terms of population, after the Seychelles. The two islands are just north of the equator. São Tomé, the southern island, was named in honour of Saint Thomas by Portuguese explorers who arrived at the island on his feast day. Both islands were uninhabited then.

Saturday, September 3, 2011

Italian Town Filettino Declared Independence and Printed Its Own Banknotes

A small town in central Italy has declared its independence and started to print its own banknotes.

The authorities in Filettino, 100km (70 miles) east of Rome, are protesting against austerity measures.

It has only 550 inhabitants and under new rules aimed at cutting local administration costs it will be forced to merge with neighbouring Trevi.

Town mayor Luca Sellari, who stands to lose his job because of the eurozone crisis, came up with the idea.

He created his own currency, called the Fiorito, and they are already being used in local shops and being bought as souvenirs by tourists who have started to throng the normally quiet streets.

A banknote worth 10 fioritos - or exactly €20 - as is now used in the Principality of Filettino. The face on the note is that of mayor Luca Sellari.

Friday, September 2, 2011

How (U. S.) Money is Made

By Ricky Carioti
The Washington Post
September 2, 2011

At the U.S. Bureau of Engraving and Printing, each weekday, around the clock, men and women walk into the rumbling belly of the C Street building to print what the rest of us are laboring for: greenbacks.

This is where the money comes from: the U.S. Bureau of Engraving and Printing.

A book binder uses a vibrating table to bind sheets of $20 bills.

A sign reads the value of the money in each stack of packaged $20 bills.

A stack of $20 bills consisting of 10,000 sheets, which after a federal and Treasury seal are imprinted will be worth $6.4 million, is shown at the Bureau of Engraving and Printing.

Securities pressman William Bolden loads sheets of $20 bills into the COPE-pak machine for their Treasury and federal seals. “I don’t think of it as money. Right now, it’s just paper,” Bolden says.

Bolden loads sheets of $20 bills into the COPE-pak machine for their Treasury and federal seals. Bolden is a securities pressman at the Bureau of Engraving and Printing, where he handles millions of dollars a day as he operates the COPE-pak printing machine.

Bolden watches as sheets of $20 bills have the Treasury and federal seals printed on them. His eyes scan for tiny details most people wouldn’t notice, such as whether every word on the seal is readable. “Here, we’re producing a commodity that the country needs and it has to be correct.”

A $20 bill is seen through a loupe at the Bureau of Engraving and Printing.

Bolden cleans the federal seals printer on the COPE-pak machine. He worked for 16 years in the CIA’s print shop before coming to the Bureau.

Bolden works with the COPE-pak printing machine at the Bureau.

Bolden inspects sheets of $20 bills for imperfections. “I’m proud,” he says, “that I print something that is used around the world.”

Bolden, right, and fellow pressman Delheart Avery inspect sheets of $20 bills for imperfections.

Bills are bound together in $2,000 bundles.

Bills are bound together in $2,000 bundles.

The bills are strong enough to withstand 4,000 double folds — forward and backward — before they tear.

Lydia Washington, a spokeswoman for the Bureau, says there are 1,368 employees at the D.C. facility who in a day might produce $974 million. “We set a global standard in currency production,” she says. “Our currency has never been recalled or devalued.”

Several millions of dollars consisting of covered stacks of $20 bills are shown ready for shipment at the Bureau of Engraving and Printing.