Sunday, November 24, 2013

Lebanon New 50,000 Livre Polymer Commemorative Banknote

The bank of Lebanon issued a 50,000 Livre polymer banknote on November 22, 2013 to commemorate the 70th Anniversary of independence.

The design of the new note has drawn derision for its gaudy color scheme and spelling error. The bill became a national joke when a preview revealed that "Independence" written according to its English spelling rather than the French "independance" on the French side of the note.

The bank denied that it was to blame for problems with the note, faulting the Britain-based company (De La Rue) that printed it.

A limited edition of 50,000 notes went into circulation on the anniversary of the end of French colonial rule in 1943.

Friday, November 8, 2013

8 Bizarre Banknotes

Sault Star
November 7, 2013

Zimbabwe One Hundred Trillion dollar bill
In February 2006, the Reserve Bank of Zimbabwe said it printed ZW$20.5 trillion to buy foreign currency to pay off debts - a trend which continued.
Eventually political turmoil and hyperinflation eroded the value of the Zimbabwe dollar and it underwent a series of redenominations including a $100 trillion banknote.
In 2008 the government limited cash withdrawals to ZW$100 billion per day, which was less than the cost of a loaf of bread.
The massive bill denomination circulated for just a few months before the Zimbabwe dollar was officially abandoned in 2009.
Photo: Wikipedia Commons

£100,000,000 banknote
Banks in Scotland and Northern Ireland must be backed pound for pound by Bank of England notes.
Rather than holding huge amounts of currency they instead use massive £100,000,000 banknotes nicknamed 'Titans'.
You can't get your hands on one though - they only circulate internally within the bank.
Photos: REUTERS/Toby Melville

Quasi Universal Intergalactic Denomination
Not quite a coin and not quite a banknote the Quasi Universal Intergalactic Denomination or 'quids' were designed by scientists for long-distance cash transfers. Why there would be no computers able to do the transaction onboard remains a mystery to us.
The quid looks pretty cool too - it has no sharp edges and each one contains eight planets orbiting a sun, reflecting the position of the planets in Earth’s Solar System.
Photo: Handout

Linden Dollars in Second Life
An untold number of videogames have currency either in gold, widgets or fake dollars.
But the popular virtual reality online game Second Life gamers can actually exchange their in-game Linden Dollars for cold hard cash.
While the exchange rate fluctuates and might not bring in as much as a 'real' job - it's still a pretty bizarre currency.

In 2003 Prien am Chiemsee, Germany began producing a currency called Chiemgauer.
Intended to promote local commerce the bills are valued at par with the euro.
Started by a high school teacher as a project with his students, as of 2011 there were 600 businesses participating.

Canadian $1,000 bill
Have you ever seen a Canadian $1,000 bill?
Chances are you haven't because they were discontinued permanently - along with the $1, $2, $25, $500 bills. The last $1,000 was printed in 2000.
Popular with organized criminals, nevertheless the bills are still legal tender.
Photo: QMI Agency

Ithaca Hours
Another local currency that can only be used in Ithaca, New York are the Ithaca Hours - so-called to remind the user they represents someone's labour.
While you can't convert the 'Hours' into regular currency there are over 900 participants accept the bills for goods and services.

Canadian Tire money
It would be hard to ignore our very own Canadian Tire money. While not strictly legal currency, the loyalty program reward started in 1958 is as Canadian as, well, maple syrup.
A revision in 1962 included values of 1-4 cents and in 2012 the company began testing plastic versions of the cash.
Photo: Wikipedia Commons.

Wednesday, November 6, 2013

South Africa Issues Revised Mandela Series Banknotes

South African Reserve Bank issues a revised series of Mandela banknotes today. The first Mandela banknotes were introduced exactly 12 months ago. The new banknotes include additional security feature in the form of little dots that appear on the front and back.

Banknotes with this new security feature will gradually be introduced from November 6, 2013. All current Mandela banknotes and the “Big 5” banknotes remain legal tender and will continue to co-circulate.

Tuesday, November 5, 2013

Canada to issue 5 and 10 Dollar Polymer Banknotes

The Bank of Canada will release into circulation new 5 and 10 dollar polymer banknotes on November 7, 2013.

Front: Sir Wilfrid Laurier, Prime Minister from 1896 to 1911; The West Block of Parliament

Back: Mobile Servicing System; Astronaut

Front: Sir John A. Macdonald, Prime Minister from 1867–1873 and 1878–1891; Library of Parliament

Back: The train, The Canadian; The Canadian Rockies

Monday, November 4, 2013

Angry Spaniards using Banknotes to Send Messages to Bankers and Politicians

Fed up Spaniards are using a new and creative way to express their anger against bankers and politicians who they hold responsible for the current economic crisis: they are defacing euro banknotes with criticism.

Such small acts of graffiti are finding their way through pockets and cash registers as well as across social networks. Despite ‘putting their mouths where their money is’ the protesters can still use the money as legal tender.

One user wonders if his message written on a five-euro banknote will reach the Banco Santander’s President, Emilio Botin.

“Politicians and bankers are a disgrace for the Nation” says another five-euro bill.

Another message bears a request that someone “go back to the past and ensure [Spanish Prime Minister Mariano] Rajoy’s parents never meet each other”.

The 50-euro bill reads: “As I know that certainly this banknote will end in your hands I take the occasion to leave you a private message” which is, invariably, an insulting one.

“This banknote is black money, please don’t make it circulate”.

Sunday, November 3, 2013

The Two Dollar Bill Documentary

John Bennardo of Delray Beach, Florida is producing a documentary film about the U. S. two dollar bill. The feature-length film explores everything about this unique denomination. If all goes well, the film is scheduled to be released in 2014.

For more details, Go to his website

Wednesday, October 30, 2013

Russia unveils new 100 Ruble banknote Commemorating 2014 Sochi Olympics

Russian Central Bank said Wednesday that it has issued a special banknote edition for the upcoming Sochi Winter Olympic Games.

With 100 days ahead of the opening ceremony of the Games, the bank said it would print 20 million bills of 100-ruble (about 3.1 U.S. dollar) denomination.

Unlike traditional Russian banknotes which have horizontal design, the Olympic bluish bill has vertical design. It depicts a snowboarder and several Sochi Olympic Park's sites.

The Central Bank did not tell if the Olympic banknotes will be in regular circulation or for collectors only as souvenir money.

The 22nd Winter Olympics are slated for Feb. 7-23, 2014 in the Black Sea resort of Sochi.

Friday, October 25, 2013

Iceland Issues New 10,000 Kronur Banknotes

The Central Bank of Iceland launched new 10,000 kr. banknote yesterday.

The new banknote is dedicated to poet Jónas Hallgrímsson and features a number of references to Jónas and his work. The banknote is similar in appearance to those already in circulation and will incorporate a greater number of new, more advanced security features. The background colour of the note is blue. The note was designed by Kristín Þorkelsdóttir and Stephen A. Fairbairn.

The security features of the new 10,000 kr. note are largely the same as those on other Icelandic banknotes. The main difference is that in place of the security thread and metal foil is a new security feature called Optiks. Optiks is an 18-mm wide thread with a see-through window. The Optiks thread is actually multi-dimensional, as it incorporates several different security features. Information on Optiks and other security features of the 10,000 kr. banknote can be found on the Central Bank of Iceland website.

A conventional feature for the blind can be found on the note, in the form of four raised horizontal lines on the obverse. The Optiks feature can be used as an identifier for the blind. The 10,000 kr. note is 70 x 162 mm in size and is therefore 7 mm longer than the 5,000 kr. note, helping users to distinguish between the two.

The new notes were printed by De La Rue Plc. in the UK. De La Rue and its predecessors have handled banknote printing for Iceland for 83 years. Four million banknotes were printed at a purchase price of 29 kr. each, whereas two 5,000 kr. notes would have cost 36 kr. (18 kr. each). In this context, it should be noted that the security features of the new banknotes, including the Optiks feature, are more expensive.

Tuesday, October 8, 2013

U. S. Releases $100 Banknote with New Security Features

The Federal Reserve has issued a new hi-tech $100 banknote comprising several new security features.

It includes a blue 3D security ribbon and a bell and inkwell logo that authorities say are particularly difficult to replicate.

These combine with traditional security features, such as a portrait watermark and an embedded security thread that glows pink under ultraviolet light.

The 3D security ribbon - which is woven into the note, not printed on it - features images of 100s that change into bells and move upwards or sideways depending on how you tilt the paper.

Tilting also reveals a green bell within a copper-colored inkwell to the right of the blue ribbon.

In addition, the 100 number in the bottom right-hand corner shifts from copper to green.

The redesigned banknote, which features a portrait of US founding father and scientist Benjamin Franklin, also includes raised "intaglio" printing that gives the notes a distinctive feel, and micro printed words that are difficult to read without magnification.

The 2010 design was delayed until now because of "unexpected production challenges".

Tuesday, September 10, 2013

Bank of England comtemplates on issuing polymer banknotes by 2016

Here is what the new notes will look like:

The Bank of England could introduce new plastic banknotes from 2016 onwards.

The smaller, wipe-clean plastic banknotes would match currency across the world.

The Bank, which has spent three years studying the impacts of a change from cotton paper, says that the new polymer notes stay cleaner, are more secure and should even survive a spell in the washing machine.

The switch could start with the new £5 note, featuring Sir Winston Churchill, with the £10 note to follow.

The Bank has organized a roadshow to gauge public opinion across the UK over the next two months before coming to a final decision in December.

The Bank believes the new notes would be:

- Cleaner, as they resist dirt and moisture. For example, red wine can be wiped off but would stain the current paper notes.

- More durable, as they last for 2.5 times longer than paper banknotes. However, they would still shrink under extreme heat - such as being put under an iron.

- Secure, because they could include more sophisticated anti-counterfeiting techniques. New Zealand reported a big fall in reported counterfeits after introducing polymer notes.

Sunday, September 8, 2013

The "SEX" note of Seychelles

This Seychelles 50 Rupees 1968 note is famously known as the "SEX" note. The leaves of the palm trees appear unintentionally spelling the word "SEX". This note was sold for $1400 at Lyn Knight auction in Memphis on June 13, 2013.

Saturday, August 24, 2013

Mauritius issued new 25, 50 and 500 Rupees polymer banknotes

The Bank of Mauritius issued new 25, 50, and 500 Rupee banknotes printed on De La Rue's Safeguard polymer substrate.

The new polymer banknotes have almost the same design as the paper banknotes. They contain numerous security features, inter alia, a transparent window showing the image of the dodo, numbers printed with magnetic ink which become fluorescent under ultra violet light and swing features printed in iridescent ink, which change to a different color when observed in transparency or when tilted.

The polymer banknotes will be in circulation alongside the existing paper banknotes.

Wednesday, August 7, 2013

Israel to issue a new series of banknotes in 2014

The Bank of Israel has announced that the postponed issuance of the new 50 NIS and 200 NIS banknotes are scheduled to be released during the second half of 2014. The remaining two banknotes - 100 NIS and 20 NIS, respectively - will be issued a few months afterward.

Front: Citrus trees and fruit; Shaul Tchernichovsky; microprinted poem “Oh, My Land, My Homeland.”
Back: Capital of Corinthian column

Front: Fall leaves; Natan Alterman; microprinted poem “Eternal Meeting.”
Back: Moonlit flora

Thursday, July 25, 2013

Morocco to issue new banknotes

Bank Al Maghreb will issue a series of banknotes in denominations of 20, 50, 100 and 200 dirhams starting from August 15, 2013.

The new notes will be safer and more difficult to counterfeit.

The new banknotes reflect Morocco's cultural and geographic diversity by featuring cities of Casablanca and Rabat in the 20 dirhams note, the Argan tree of the Sous region and Ouzoud waterfalls of Azilal in the 50 dirhamsote, the sand dunes and desert life referring to the Moroccan Sahara in the 100 dirhams note and Tangier-Med port and Cape Spartel Lighthouse in the 200 dirhams note.

The 200 dirhams note will be circulated as soon as August 15, 2013 on the occasion of the Feast of the Throne, while the issue of the 100 dirhams is planned in conjunction with the celebration of Youth Day. As for the 50 dirhams note, it will be circulated on the occasion of the anniversary of the Green March. The last note of this series, the 20 dirhams will be issued on the occasion of the Independence Day.

Wednesday, July 24, 2013

Bank of England Unveiled New 10 Pounds Note Featuring Jane Austen

New Bank of England governor Mark Carney today unveiled the new design as a tribute to Jane Austen, one of the greatest writers in English literature. The Austen note will appear from 2017.

The move comes after the Bank faced criticism that a plan for Winston Churchill to feature on the new fiver meant there would not be a woman on any English note.

Wednesday, July 10, 2013

Belarus’ National Bank among winners of Watermark Banknotes Awards

Belarusian Telegraph Agency (BelTA)
July 7, 2013

The Br200,000-note of the National Bank of Belarus was recognized winner in the nomination "Best Design Showing the National Character” at the Watermark Banknotes Awards, BelTA learned from the information and public relations department of the National Bank of Belarus.

The National Bank of Angola became the winner in the nomination “The Best New Currency Series”. Banque du Liban was recognized best in the nomination “Harmony”. The diploma and commemorative medal were presented to a representative of the National Bank of Belarus during Watermark Conference, the fifth conference on secure printing, held in St. Petersburg in late June.

The contest was organized by the publishing house Water Mark and the Water Mark Journal (Russia). The council of experts evaluated the notes issued between 2011 and 2013 in three nominations: The Best New Currency Series, Harmony and The Best Design Showing the National Character.

The Br200,000-note of the National Bank of Belarus was issued into circulation on 12 March 2012. The front depicts the Mogilev Regional Art Museum. This building was constructed in the early 20th century. Originally it was the agrarian bank. The building has the features of modernism and classicism architecture styles. The back illustrates a decorative collage of architectural elements of the museum building.

“Design of all Belarusian banknotes is done by artists of the National Bank. Depicting the architectural landmarks and urban landscapes on banknotes has become traditional. We started with the architectural sites of Minsk, capital of Belarus. Then we turned to other regions of the country. The Br200,000-note shows the architecture of Mogilev Oblast. Now all regions of Belarus are represented on the Belarusian banknotes,” said the National Bank.

Sunday, July 7, 2013

Guernsey issued new £1 commemorative Banknote

Guernseyman Thomas De La Rue's name is synonymous with the printing of money around the world. The State of Guernsey issued a new £1 banknote on July 4, 2013 to mark the 200th Anniversary of his first commercial venture.

The commemorative note is similar to the existing £1 note but is enhanced by a special design featuring Thomas De La Rue on the reverse of the note. It is also the first series of £1 notes to feature the signature of States Treasurer Bethan Haines.

Saturday, July 6, 2013

Bangladesh to issue a new 100 Taka commemorative banknote

Bangladesh will release into circulation a new 100 taka banknote on July 9, 2013 to commemorate the 100th Anniversary of Bangladesh National Museum.