Thursday, January 12, 2012

Bank of Thailand Launching New Banknote Series

The Bank of Thailand (BoT) will issue a new series of banknotes, its 16th series, next week after the current series has circulated in the market for more than 14 years, according to BoT Governor Prasarn Trairatvorakul.

Mr Prasarn said that the new notes comprise five denominations -- Bt20, Bt50, Bt100, Bt500 and Bt1,000. Their size and colour remain unchanged from the present notes.

First launches will be the Bt50 banknote on January 18, the date commemorating the glorious victory of King Naresuan the Great in traditional royal combat on elephant back in 1593, he said.

The BoT governor said that about 190 million Bt50 banknotes currently circulate in the system, and that the new issue would cost Bt5 higher then the currently used notes.

The central bank has applied newest technology as a security feature for the Bt50 note to prevent counterfeiting which included the watermark which HM the King's portrait will be shown on the right side and a watermark of Thai numeral 50 is especially transparent.

The current Bt50 banknote and those previously issued would also be legal tender by law, he said. (MCOT online news)

Tuesday, January 10, 2012

Kazakhstan New 5000 Tenge 2011 Note

The National Bank of the Republic of Kazakhstan has issued a newly-designed five thousand tenge banknote on December 30, 2011.

The size of the banknote is 144x76 millimeter. The front is in vertical format and is dominated by red color featuring images of Kazakh Eli monument, flying doves and panthers.

The back is in horizontal format and is dominated by red and blue colors featuring an outline of Kazakhstan map, Monument of Independence and Kazakhstan hotel building.

scans courtesy cleo phas

Monday, January 9, 2012

Oman Introduces New 50 Rials Banknote

The Central Bank of Oman (CBO) has introduced to the public a new upgraded banknote of the denomination RO 50. The new banknote, valid from today, January 10, is distinguished for additional security features. The apex bank said in a statement released yesterday that the new banknote will be in circulation as a legal banknote alongside the existing banknotes, which shall continue to remain valid and circulated side by side.

In addition to the general security features on the front of the upgraded new banknote, the front side is superimposed by the portrait of His Majesty Sultan Qaboos, along with His Majesty’s signature in the lower part of the note. A watermark picture of His Majesty appears on the left side of the note, while the national emblem (Khanjar) appears on top of the note.

The apex bank’s name in Arabic “Central Bank of Oman” also appears on top of the note, with serial numbers on the right and left sides of the note and the category denomination in Arabic on the right and left sides of the note. Special banknote identification features for the blind are inserted on the right side of the new note.

The reverse side of the note includes the phrase “Central Bank of Oman” in English on the upper part of the note, while the banknote’s denomination in English appears on the right and left sides alongside the logo of the 40th National Day. The security features on the front of the note represent in intaglio portrait of His Majesty, twin step window, a holographic element (CBO’s main entrance), a tactile feature for the blind, colour and other features.

Tuesday, January 3, 2012

Titanic Artifacts Headed to Auction

Currency, part of the artifacts collection of the Titanic, is shown at a warehouse in Atlanta. The owner of the largest trove of artifacts salvaged from the Titanic is putting the collection up for auction as a single lot in April.

Associated Press

The owner of the largest trove of artifacts salvaged from the Titanic is putting the vast collection up for auction as a single lot in 2012, the 100th anniversary of the world's most famous shipwreck.

More than 5,500 items including fine china, ship fittings and portions of hull that were recovered from the ocean liner have an estimated value of $189 million (146 million euros), according to Premier Exhibitions Inc., parent of RMS Titanic Inc. — the Titanic's court-approved salvor. That value was based on a 2007 appraisal and does not include intellectual property gathered from a 2010 scientific expedition that mapped the wreck site.

The auction is scheduled for April 1 by Guernsey's, a New York City auction house, according to filings by Premier Exhibitions Inc. with the Securities and Exchange Commission. Results of the auction won't be announced until April 15, the date a century ago the Titanic sank on its maiden voyage after striking an iceberg.

The auction is subject to approval by a federal judge in Virginia whose jurisdiction for years has given oversight to legal issues governing the salvage of the Titanic. The Titanic treasures were amassed during seven perilous trips to the wreck, which rests about 2 1/2 miles below the ocean surface in the North Atlantic.

A spokeswoman for the auction house and Premier Exhibitions declined to discuss the auction with The Associated Press until a formal announcement in January.

The Titanic's sinking claimed the lives of more than 1,500 of the 2,228 passengers and crew. An international team led by oceanographer Robert Ballard located the wreckage in 1985, about 400 miles off Newfoundland, Canada.

U.S. District Judge Rebecca Beach Smith, who has overseen the case from her Norfolk courtroom, has ruled that RMS Titanic has title to the artifacts and was entitled to full compensation for them. She has not determined how RMS Titanic will be compensated.

Smith, a maritime jurist who has called the Titanic an "international treasure," has approved covenants and conditions that the company previously worked out with the federal government, including a prohibition against selling the collection piecemeal.

The conditions, which accompanied a 2010 ruling, also require RMS to make the artifacts available "to present and future generations for public display and exhibition, historical review, scientific and scholarly research, and educational purposes."

Atlanta-based Premier Exhibitions has been displaying the Titanic artifacts in exhibitions around the world. The items include personal belongings of passengers, such as perfume from a manufacturer who was traveling to New York to sell his samples.

RMS recovered artifacts from the shipwreck in expeditions in 1987, 1993, 1994, 1996, 1998, 2000 and 2004.

In its SEC filing, Premier acknowledged any future owner of the Titanic treasures must abide by the covenants and conditions.

In accordance with court's conditions, "The Property will be sold as a complete collection and offered for sale as one lot," Guernsey's wrote in the SEC filing, which outlines the terms of the auction. The auction house's commission is 8 percent of a successful bid.

In 2010, RMS Titanic collaborated with some of the world's leading experts in the most technologically advanced expedition to the Titanic, undertaking the first comprehensive mapping survey of the vessel with 3-D imagery from bow to stern.

Some of the never-before-seen images were shown in Smith's courtroom. The most striking images involved the 3-D tour of the Titanic's stern, which lies 2,000 feet from the bow.

A camera in a remote-controlled submersible vehicle skimmed over the stern, seemingly transporting viewers through scenes of jagged rusticles sprouting from the deck, a length of chain, the captain's bathtub, and wooden elements that scientists had previously believed had disappeared in the harsh, deep ocean environment.

The cameras did not probe the interior of the wreck. But the expedition fully mapped the 3-by-5-mile wreck site, documenting the entire debris field for the first time.

The new images will ultimately be assembled for public viewing, scientists said, and to help oceanographers and archaeologists explain the ship's violent descent to the ocean bottom. It is also intended to provide answers on the state of the wreck, which scientists say is showing increasing signs of deterioration.

"Titanic" director James Cameron also has led teams to the wreck to record the bow and the stern.

The Titanic exhibit is among several operated by Premier Exhibitions, which bills itself as "a major provider of museum-quality touring exhibitions." Its offerings have included sports memorabilia, a traveling Star Trek homage and "Bodies," an anatomy exhibit featuring preserved human cadavers.