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".