Saturday, May 30, 2015

Myanmar to Issue New 10,000 Kyat Notes

The Central Bank of Myanmar (CBM) announced on Thursday that a modified 10,000 kyat note will be issued next month to prolong circulation life and prevent forgery.

The new note will not affect any legal tender status of existing notes issued in June 2012, according to a CBM press statement.

The size, basic design and color of the note remains unchanged, but the new bills will have reflective numerals, protective varnish and a watermark picturing a lotus visible upon holding the bill against light.

The new bill will retain security features of the old version, such as a holographic thread that changes from magenta to green when viewed from different angles.

Courtesy THE IRRAWADDY Friday, May 29, 2015

Long-lost watermarked Ottoman banknote found

A 50-kuruş, watermarked Ottoman banknote, the existence of which has been discussed for more than a century, has been found among banknotes sent by a collector for valuation. The banknote is dated 1876.

Numismatist Mehmet Tezçakın, a consultant to a London-based international auction company, said that a collector based in Germany had sent him some Ottoman banknotes for valuation.

About examining the banknote and seeing the watermark, Tezçakın said, “I was very excited when I saw it. It has been said for more than a century that watermarked-banknotes were printed in the Ottoman era but we have never found them. All numismatists in the world want to have this banknote. Watermarking was forbidden in the Ottoman era due to religion the; that is why it cannot be seen in other banknotes…Under the light, it is seen that this banknote has a crescent-shaped-moon portrait. Its nose and eyebrows resemble Abdulhamid II.”

He said that with the permission of the collector in Germany, he has publicized the banknote.

“This priceless piece will be put up for sale abroad soon. Particularly, U.S., Arab and Israeli collectors will show interest in it. This most valuable banknote of Turkish finance history should be brought to Turkey and displayed at a monetary museum,” he added.

Courtesy Daily News, May/29/2015

Tuesday, May 19, 2015

Guinea Issues New 20,000 Francs Banknote

The Central Bank of the Republic of Guinea has introduced a new 20,000 Franc banknote on May 11, 2015. The new denomination is twice as large as the current 10,000 Franc note.

The front of the note features a Guinean woman in honor of the role women play in the economy; two pigeons taking flight, symbolizing the modernity and the opening of Guinea to the world.

The back features image of the new Kaleta Hydropower Station which is scheduled to put into operation on May 31, 2015.

Tuesday, May 12, 2015

Women on 20s Nominates Harriet Tubman as Andrew Jackson's Successor on Currency

A feminist group that wants to boot Andrew Jackson from the $20 bill has chosen a female hero to replace him — abolitionist Harriet Tubman.

On Tuesday morning, Women on 20s revealed the results of a 10-week poll for a possible Jackson replacement and emailed a petition — addressed to President Barack Obama — to the White House Council on Women and Girls.

By midday, the council’s chair, Valerie Jarrett, and executive director, Tina Tchen, responded, saying they “would like to continue the conversation.”

“We’re waiting for some kind of meeting with the White House, and I can tell you that we are already in conversation with them,” Susan Ades Stone, executive director for Women on 20s, said first to Yahoo News.

The nonprofit argues that the year 2020, the centennial of women’s suffrage, would be the perfect time to add a woman to our U.S. banknotes.

Tubman is most remembered for her role as a conductor along the Underground Railroad, a secret network of houses leading slaves to freedom in the North.

Born into slavery in Maryland sometime between 1820 and 1825, she fled to Philadelphia via the Underground Railroad in 1848.

This circa 1860-75 photo shows Harriet Tubman. (Photo: Library of Congress)

Before the Civil War, as one of the country’s leading abolitionists, Tubman traveled to the South an estimated 19 times to rescue family members and strangers.

Later, with her knowledge of Southern geography, she became a valuable spy and guide for the Union Army.

“Harriet Tubman had an extraordinary life despite the amazing challenges she had to overcome,” Stone said. “She was an inspiration to our voters despite the fact that the field was full of extraordinary women.”

Jackson, on the other hand, has long been a controversial president because of the Indian Removal Act of 1830, which forced Native Americans off their ancestral homes in the southeastern United States.

As a result, thousands of Native Americans died on their journey to designated “Indian Territory” west of the Mississippi River. This dark chapter in American history is known as the Trail of Tears.

Andrew Jackson was the seventh president of the United States. (Photo: AP)

In February, Women on 20s presented many female candidates its members thought could replace Jackson on American currency. Their list included Alice Paul, Betty Friedan, Shirley Chisholm, Sojourner Truth and others.

For the final round, the candidates were narrowed down to Tubman, Eleanor Roosevelt, Rosa Parks and Wilma Mankiller — the last of whom was added halfway through the campaign.

“There was a particularly strong desire to see a Native American replace him,” Stone said. “Wilma Mankiller, the Cherokee nation chief, had a great showing in the final round. Someone who was relatively unknown got almost 59,000 votes.”

On Tuesday, the petition was also sent to the White House Office of Media Affairs and the Office of Correspondence, as well as the office of U.S. Treasurer Rosie Rios.

Women on 20s plans to follow the emails and online submissions with physical packages containing additional materials, such as letters from schoolchildren and campaign statistics.

Courtesy Michael Walsh, Reporter, Yahoo News May 12, 2015

Saturday, May 9, 2015

2014 International Bank Note Society (IBNS) Bank Note of the Year


The IBNS Banknote of the Year award is an initiative of the IBNS to recognize an exceptional banknote issued each year.

IBNS members nominate and vote a Banknote issued the previous year for the award based on the artistic merit, design, use of color, contrast, balance, and security features.

Winner of the 2014 award goes to Trinidad and Tobago 50 Dollars, 2014 Polymer banknote commemorating the 50th Anniversary of the Central Bank of Trinidad and Tobago