Saturday, December 26, 2015

Ukraine to issue modified 500 Hryven notes in 2016

The National Bank of Ukraine will issue a modified 500 Hryven note with enhanced security features. Although the note is dated 2015, the actual date of release will be April 11, 2016. The major features of the note remain the same as previous issue: Ukrainian philosopher Grigoriy Skorovoda on the front; Kiev-Mohyla Academy building on the back.

New note

 

Old 2006 issue

 

Wednesday, December 23, 2015

Russia issued new 100 Ruble Crimea commemorative banknotes

The Central Bank of Russia is issuing new 100 ruble commemorative bank notes that feature the federal cities of Sevastopol and the Republic of Crimea.

Nearly two years ago, the Ukrainian peninsula of Crimea was controversially "reunified" with Russia by way of well equipped, organized, and trained "self-defense units" that were actually Russian special forces.

The operation to seize Crimea began on February 27, 2014, when an unidentified task force captured several government buildings including the parliament in Simferopol. Within a month, a treaty was signed to annex Crimea and turning the peninsula into a Russian forward operating base.

Front: The "Swallow's Nest" castle, a Crimean landmark

Back: Scuttled ships in Sevastopol Bay

Monday, December 14, 2015

Hungary issues new 20,000 Forint banknotes

 

The National Bank of Hungary has released a new 20,000 forint banknote. The new note features a revised color scheme, a slight design change, and additional security features, i.e., OVI ornament, electrotype watermark, and UV printing.

The 20,000 Forint, face value about $72.00, is the largest denomination Hungarian banknote. It features the portrait of legendary 19th-century statesman Ferenc Deák (1803-1876) who is remembered in Hungary as the "Wise Man of the Nation" due to his major political role in the creation of the Austro-Hungarian Monarchy in 1867. The first 20,000 forint banknote was issued in 1999, and the design had changed only once before when Omron rings were added as security feature in 2008.

Friday, December 11, 2015

Thailand 1000 Baht banknote shares regional award

Thailand’s new 1,000-baht banknote issued as part of the country’s Series 16 notes has been jointly awarded "Regional Banknote of the Year 2015” along with a new series of New Zealand banknotes at the High Security Printing Asia 2015 conference in Jakarta, Indonesia, on Tuesday.

The banknotes, put into circulation in September 2015, have the latest security features to facilitate authentication by machine as well as the general public. They also have tactile features for the visually impaired.

New Zealand shared the same award for its "Brighter Money" series of new polymer banknotes, the first redesign of the country's currency notes since 1999.

The first two denominations, of $5 and $10 New Zealand currency, have already gone into circulation, and will be followed by new $20, $50 and $100 notes next year.

 

 

 

Wednesday, December 9, 2015

Libya issues new 5 and 10 Dinar notes

 

The Central Bank of Libya (CBL) announced today that it has issued new LD 5 and LD 10 notes.

The new notes will start to go into circulation as of 13 December 2015.

The design of the new LD 5 note in light brown depicts the Ottoman clock tower in the Old City in Tripoli on the front and the Greek ruins of Temple of Zeus in Cyrene on the back side.

The new LD 10 note in light blue depicts the face of Libya’s anti Italian colonial era resistance hero Omar Mukhtar on its front and the same hero with fellow resistance fighters riding in motion on horseback on the back side.

Tuesday, December 1, 2015

New Eritrea Bank Notes

The National Bank of Eritrea recently issued a legal notice No. 124/2015 that all Nakfa currency notes in circulation must be exchanged for new government-issued notes. This decision by the country's central financial institution is expected to have a major positive impact on the economy.

The nationwide currency replacement program is not meant to change the value of the money, as the exchange will be on a one-to-one basis. Instead, it was aimed at stimulating the economy by regulating circulation of the national currency.

The redemption program have started since 18th November and will continue until the end of this year. Effective the first day of January 2016, the old Nakfa currency notes will have no value.

The new Nakfa notes have similar designs but less color contrast than the old notes. With some added security features, the new currency notes have a printing date of 24 May 2015 while the 100 Nakfa bills are printed on 24 May 2011.

Eritreans overwhelmingly welcome the introduction of the new currency notes. However, individuals and organization who were working outside of the formal economy by hoarding large sums of money for informal foreign currency exchange, money laundering, counterfeiting, and contraband purposes have reasons to worry as the new measures will squeeze them out and turn their Nakfa empire into a worthless pile of paper.