Tuesday, January 22, 2013

Canada prints 'wrong' maple leaf on bank notes

Mark Carney must have expected all sorts of criticism ahead of becoming the Governor of the Bank of England - but perhaps not from a bunch of botanists.

By Louise Armitstead
3:51PM GMT 21 Jan 2013

The boss of the Bank of Canada, who takes over from Sir Mervyn King this summer, is under fire for issuing new bank notes depicting the “wrong species” of maple leaf.

Rather than a native leaf from the national emblem, the currency team at the Bank of Canada have printed $20, $50 and $100 bank bills with a Norwegian maple instead.

Atlantic Canada Conservation Data Centre botanist Sean Blaney told reporters: “It’s really hard to deny the image is of a Norway maple.”

Julian Starr, a botany professor at the University of Ottawa said: “I would have said immediately that it would be best to make it look more like a native maple leaf. I mean this to me is just ... wrong."

Julie Girard, currency spokesperson at the Bank of Canada, insisted there had been no mistake.

She told The Daily Telegraph: “When we designed the maple leaf, we didn’t want to represent one species, we wanted a maple leaf that was not specific so that Canadians from all the different regions could identify it...It is a stylised representation of a maple leaf.”

She added: “I cannot comment on what Mark Carney may or may not think of the maple leaf. But it is not a Norwegian maple.”

Friday, January 11, 2013

European Monetary Union Unveiled New 5 Euro Note

European Central bank
10 January 2013

Mario Draghi, President of the European Central Bank (ECB), today unveiled the Europa series €5 banknote. The unveiling was the highlight of the opening of the “New Face of the Euro” exhibition, which is being held at the Archaeological Museum in Frankfurt am Main from 11 January to 10 March 2013.

The new €5 banknote has benefited from advances in banknote technology since the first series was introduced over ten years ago. It includes some new and enhanced security features. The watermark and hologram display a portrait of Europa, a figure from Greek mythology – and hence the name of this series of banknotes. An eye-catching “emerald number” changes colour from emerald green to deep blue and displays an effect of the light that moves up and down. Short raised lines on the left and right edges of the banknote make it easier to identify the banknote, especially for visually impaired people.

These security features are planned to be included in all the new banknotes. They are easy to check using the “feel, look and tilt” method.

The new series has the same “ages and styles” design and dominant colours as the first series. The €5 will be the first banknote to be issued, starting on 2 May 2013. The other denominations, i.e. €10, €20, €50, €100, €200 and €500, will be introduced over the next few years, in ascending order.

The first series will initially circulate alongside the new banknotes, but will gradually be withdrawn and eventually cease to be legal tender. The date when this occurs will be announced well in advance. However, the banknotes of the first series will retain their value indefinitely and can be exchanged at euro area national central banks at any time.