Friday, April 29, 2016

It's a big deal! Many news outlets are reporting on IBNS Banknote of the Year Award.

 

New Zealand $5 polymer note recently won the 2015 IBNS Bank Note of the Year Award. The note was nominated and chosen by members of the International Bank Note Society (IBNS). I'm surprised it received so much attention in the world news medias.

Coin World 05/07/16: New Zealand $5 note wins IBNS Banknote of the Year Award

Business Tech May 2, 2016: The most beautiful banknotes in the world - The International Bank Note Society (IBNS) has announced the winner of the “Bank Note of the Year Award” for 2015. The winner was New Zealand’s new five dollar note.

Oneindia April 29, 2016: New Zealand bank note chosen best for 2015; India misses out

Cumbria Crack 29/04/2016: New NZ$5 on Guardian® wins Banknote of the Year award

Jagran Josh 29 April 2016: New Zealand's $5 bill won IBNS Banknote of the Year Award

OurWindor.ca 29 April 2016: Canadian-designed New Zealand banknote named best of the year

Daily Mail 29 April 2016: It's arguably a world title with real value: New Zealand's new $5 note is named the best bank note in the world

CNBC 28 April 2016: New Zealand wins award you’ve probably never heard of. Although many may not have heard of these awards, New Zealand has just won the prize for best "banknote of the year" 2015.

CoinWeek 28 April 2016: World Paper Money – New Zealand’s New $5 Bill Wins International Banknote of the Year Award

Scroll.in 28 April 2016: Featuring Sir Edmund Hillary and a colour-changing penguin, NZ has the world's best banknote

The Hindu 28 April 2016: A winner to bank on - New Zealand’s five dollar note has been named the banknote of 2015

Khaleej Times 28 April 2016: New Zealand's $5 named best banknote of 2015

La Presse 28 Avril 2016: la Société internationale des billets de banque a dévoilé mardi le gagnant du meilleur billet pour l’année 2015. Le vainqueur est le nouveau 5 $ de la Nouvelle-Zélande (Translated: The International Bank Note Society on Tuesday unveiled the winner of the best banknote for 2015. The winner is the new New Zealand $5.)

FreeNews.xyz April 28, 2016: The international association of collectors of paper money, International Bank Note Society (IBNS), recognized the new banknote of five new Zealand dollars the best bill of 2015

adda 24/7 28 April 2016: New Zealand's $5 bill named best banknote of the year

BBC News 27 April 2016: There's a Bank Note of the Year award and New Zealand has won it

Stuff.co.nz April 27, 2016: Australia vs New Zealand: Taking a dive on the fiver

Gulf Today 27 April 2016: New Zealand's $5 named best banknote of 2015

Sydney Morning Herald April 27, 2016: Australia vs New Zealand: taking a dive on the fiver

Semana 2016/04/27: ¿Cuáles son los billetes más bonitos del mundo? Todos los años la Sociedad Internacional de Billetes Bancarios elige el "Billete del año". Entre todos los lanzados en 2015, el premio se lo llevó Nueva Zelanda. (Translated: Which is the most beautiful banknote in the world? Every year the International Banknote Society chooses the "Bank Note of the Year". Among all the entries in 2015, the prize went to New Zealand.)

Scoop.co.nz 27 April 2016: New Zealand Wins 2015 IBNS Banknote of the Year Award

World Economic Forum 27 April 2016: Which country has the best banknote? The International Bank Note Society (IBNS) has announced the results of the "Banknote of the Year Award 2015". The “clear winner” was New Zealand’s new $5 note

indy100 26 April 2016: New Zealand has the most beautiful banknote in the world

News Tribe 26 April 2016: New Zealand wins ‘Bank Note of the Year Award’

SBS 26 April 2016: New Zealand fiver voted world's best banknote

The Guardian 26 April 2016: New Zealand's 'stunning' $5 bill named best banknote of the year

Toronto Star April 26, 2016: Canadian-designed New Zealand banknote named best of the year

Radio New Zealand 26 April 2016: Notable $5: Sir Edmund's on top again

M2 magazine 26 April 2016: NZ Five Dollar Note Officially Confirmed For Best Note Of The Year

Sky News Australia 26 April 2016: NZ $5 note voted world's best banknote

Business Insider Australia April 26, 2016: New Zealand has the best bank note in the world

Secura Monde International 25/04/2016: New Zealand wins Bank Note of the Year 2015

Sunday, April 24, 2016

Money of the Future: Scientists Presents Quantum Banknotes Prototype

A group of physicists has reportedly presented what may well be a prototype for fraud-proof 'quantum money'.

Using an image encoded in the polarization states of single photons, the researchers experimentally confirmed that it is possible to create a banknote that would be virtually immune to unauthorized replication due to the fact that unknown quantum information cannot be perfectly copied.

The idea of 'quantum money' was originally proposed by physicist Stephen Wiesner, who in a paper that was published in 1983 argued that by using quantum physics one could create banknotes that would be impossible to forge.

Nan Shepherd and Mary Somerville to appear on new Royal Bank of Scotland banknotes

 

 

Scottish poet and novelist Nan Shepherd will appear on a new batch of Royal Bank of Scotland (RBS) polymer 5 Pound notes.

The writer joins scientist Mary Somerville, who was chosen for the new 10 Pound note in a public poll, meaning women will feature on RBS main issue notes for the first time.

The reverse of the new notes have a nature theme with two mackerel displayed on the 5 Pound note and two otters on the 10 Pound.

The 5 Pound notes will come into circulation later this year, with the 10 Pound notes introduced in 2017.

Saturday, April 23, 2016

J. M. W. Turner to appear on new Bank of England 20 Pound polymer banknote

Bank of England Governor Mark Carney revealed JMW Turner, one of Britain's most celebrated painters, will be the latest to feature on the currency, replacing Scottish economist Adam Smith. The note, part of the new polymer series, is due to be released by 2020.

The design on the reverse of the new note will include Turner's self-portrait and one of his key works The Fighting Temeraire - a tribute to the ship HMS Temeraire which played an important role in Nelson's victory at the Battle of Trafalgar.

It will also include the artist's signature from his will, the document with which he bequeathed many of his paintings to the country.

Wednesday, April 20, 2016

Harriet Tubman to be on U. S. $20 bill

Treasury Secretary Jack Lew announces on Wednesday that abolitionist Harriet Tubman will replace former President Andrew Jackson on the $20 bill. It would make Tubman the first woman on U.S. paper currency in 100 years after President Washington's wife Martha — who was featured on a $1 silver certificate.

Alexander Hamilton, one of the U.S. founding fathers, will remain on the front of the $10 bill — though suffragists who fought to give women the right to vote will be added to the back of the bill, the Treasury Department confirmed.

Last year, the U.S. Treasury surprised advocates who were pressing to get a woman on the $20 bill, by announcing a woman would go on the redesigned $10 bill, instead. That plan met with criticism by those who pushed for Jackson to be replaced instead.

Alexander Hamilton, who has experienced a resurgence in popularity thanks to a hit Broadway musical "Hamilton", helped create the Treasury.

Treasury all together received more than 1.5 million responses to Lew's request for suggestions on the currency redesign. That prompted him to delay an announcement, which he had originally said would be made by the end of 2015.

An online group, Women on 20s, had been campaigning for a woman on the $20 bill. Jackson's critics say he should not be on U.S. currency because of the part he played in the relocation of Native Americans.

Still, the change is likely to inflame lawmakers from Tennessee, which Jackson represented in Congress before becoming president. The state also generally claims the former president was born in an area that is now part of Tennessee.

In a poll conducted last year by Women on 20s, Tubman, an African-American abolitionist and one of the leaders' of the Underground Railroad, was the top vote getter.

The new designs will be made public in 2020 to mark the 100th anniversary of women’s suffrage, although it might take another decade before the bills go into circulation.

Sunday, April 17, 2016

Infamous #8894 Bank of the United States $1000 1840 Note

D. Mortenson wrote: Hello. In 1972 I was working for this company, , our company was moving. There was a two draw safe in the basement. It had been there for years and nobody know the combination. They ask me if I want it. So I loaded in my pickup truck and took it to a lock Smith. He unlock the combination. This 1000 note was inside the safe. It was stapled to a letter dated 1932 promise to pay for equipment that he was buying. I guess he never came back. The note #8894. Please advice. Thank you. D

Nice story. It's a joke. An April Fools' Day prank? 1932 was in the height of Great Depression. Tens of millions lost their savings and their jobs. $1000 then worth many times more in today's $. You probably could buy a brand new car for less than that. Who would put $1000 of real money in a safe and forgot about it?

This is the infamous serial number 8894 reproduction printed on fake parchment. The Bank of The United States was a private bank and the United States of America was their biggest customer. Corruption and fraud were rampant and after quite a battle between President Andrew Jackson, Congress and the bank’s supporters the bank was finally put out of its misery in the 1840’s.

From the late 19th Century to the 1950’s, reproductions of Bank of the United States currency were distributed, often with an advertising message printed on the back. Since the notes are not official U.S. issues, it isn’t considered counterfeiting to reproduce them. Genuine examples of these notes are valuable (see below).

The infamous “8894” serial number comes from a firm that copied the original with the above serial number to use for advertising purposes.These notes were reproduced before Congress passed the “Hobby Protection Act” requiring the words “copy” or “Replica” on reproductions of coins or paper money. The “8894” copies today are commonly found in packages of play money along with other reproductions of private issue currency.

Thursday, April 14, 2016

IBNS Bank Note of the Year 2015

Each year members of the International Bank Note Society (IBNS) nominate and elect the best banknote issued during the previous year based on artistic merit and innovative features. The winner of 2015 Bank Note of the Year is the New Zealand $5 polymer note.

 

Personally, this note is not my first choice. I think the note is not original enough. The design is too similar to the older one (shown below) also currently in circulation.

 

Wednesday, April 13, 2016

Russian Public to Choose Design of New Ruble Banknotes

The Russian public will be able to participate in choosing the design of the new ruble banknotes, according to Central Bank chief Elvira Nabiullina, the rusnovosti.ru news website reported Tuesday.

Public discussions on the new 200 and 2,000 ruble banknotes — which will come into circulation next year — are set to take place in the coming months.

“Currently Russian banknotes bear the images and symbols of Russian regions. We would like to preserve this tradition but also start a new tradition and choose a symbol to be the image on the new notes together with the public. This means the nation can make its own decision,” Nabiullina said, rusnovosti.ru reported.

Nabiullina added that the Central Bank will begin discussions on the matter with one of the national television stations.

Courtesy The Moscow Times

Monday, April 11, 2016

Australia unveiled the design of the 5 dollar polymer note of the new series

 

The Reserve Bank has unveiled the design of Australia's new $5 polymer banknote. The new note, which will be issued into circulation from September, will keep the same basic color, size, and people portrayed as the old fiver, but the design is a bit different.

When the series is complete, each New Australian banknote will depict a different species of Australian wattle and a native bird, RBA Governor Glenn Stevens announced today.

"On the $5 banknote, these are the prickly Moses wattle and Eastern Spinebill," he said in a statement.

Those are the yellow caterpillar looking things and the little bird, drawn in the middle of the note next to the slightly aged and more surly-looking queen.

The design took in research involving focus groups, and a "culmination of a process of extensive consultation with subject-matter experts and the cash-handling industry", the RBA said.

The release of the $5 notes will be followed by updated designs for each of the higher denominations.

The introduction of the new notes marks the 50th anniversary year of Australia’s conversion to the decimal currency system.

Sunday, April 10, 2016

New Zealand new 20, 50 and 100 dollar polymer notes to be launched on April 11, 2016

 

 

 

The Reserve Bank of New Zealand will launch the new $20, $50 and $100 polymer banknotes on April 11, 2016.

The new notes were designed by the Canadian Banknote Company, and feature a native bird icon that changes color as the note is tilted.

It also has a larger clear 'window' with a detailed metallic element, and a small number which lines up when the note is held up to the light.

New $5 and $10 notes were put into circulation last year.

Saturday, April 9, 2016

‘Lady Lavery’ Irish Free State £50 banknote

An old “Lady Lavery” Irish Free State £50 banknote is expected to sell for up to 360 times its face value at auction in London on Monday.

Auctioneers Dix Noonan Webb’s specialist auction of paper money at the saleroom in Bolton Street, central London, includes “a rare 1928 Irish £50 note – one of only about 20 surviving examples available to collectors” which is expected to sell for up to £18,000 (€22,800).

Following the establishment of the Irish Free State in 1922, a Currency Commission was set up to advise the government on a monetary system for the new country.

The first series of banknotes for the Irish Free State was issued on September 10th, 1928.

They were issued in denominations of 10 shillings, £1, £5, £10, £20, £50, and £100, in the colours orange, green brown, blue, red, mauve and olive respectively.

The renowned Irish portrait painter Sir John Lavery was commissioned to produce an image of the female personification of Ireland for the banknotes and he used his wife, Lady Hazel Lavery, as his model. Her image appeared on the front of all the notes.

The reverse of each note featured an image of a stone river mask of a god representing one of the major Irish rivers based on the sculptures on the facade of Dublin’s Custom House.

The mask used on the reverse of the £50 note was that representing the Shannon. The notes were much loved and remained in circulation until the 1970s when new designs were introduced and Lady Lavery was replaced – on the £50 note by Turlough O’Carolan, the blind harpist and composer.

Lady Lavery’s image survived as a paper watermark – until she was banished forever with the introduction of new euro notes in 2002.

The auctioneers say the 1928 Lady Lavery £50 note was “the most difficult of the series to find”.

Although some 10,000 of the £50 notes were printed only “approximately 20 are thought to have survived outside public collections” and the example to be sold “is in unusually good condition.

Courtesy Michael Parsons, The Irish Times, April 9, 2016

Wednesday, April 6, 2016

The Swiss central bank unveiled its new 50 franc note

The Swiss central bank unveiled its new 50 franc note today.

The design shows the major 4,000-meter plus Alps peaks in Switzerland which turn to colors if you look at the note the right way. You can see little Swiss crosses in the number 50.

It’s the first of the new series of bank notes that will eventually goes from 10 to 1000 Francs.

Tuesday, April 5, 2016

Vietnam central bank to issue commemorative 100-dong bill

The State Bank of Vietnam (SBV) announced on Monday that it will issue a souvenir 100 Dong banknote on May 6, 2016 in commemoration of its 65th anniversary (1951-2016). Not intended for circulation, the notes will be sold to collectors for 20,000 Dong each, or 25,000 Dong with a commemorative cover.

 

The front features Ho Chi Minh and "65" logo SPARK patch; The back shows State Bank of Vietnam headquarters building in Hanoi

Argentina issues new 10 Peso notes

The Central Bank of Argentina issues a new 10 Peso banknote on April 4, 2016.

 

Saturday, April 2, 2016

Colombia starts issuing new series of banknotes

 

Colombia has issued the first note in the new series, the 100,000 Pesos, on March 31, 2016. The note features Former President Carlos Lleras Restrepo in the front. The back shows Valle del Cocora and "Palma de cera", the national tree of Colombia.

The schedule for the remaining of the new series are as follows:

2nd quarter of 2016
20,000 pesos - Former president Alfonso López Michelsen, with canales de La Mojana, and a "sombrero vueltiao" which is a traditional hat on the back

3rd quarter of 2016
50,000 pesos - Writer Gabriel García Márquez, with "Ciudad Perdida" on the back

4th quarter of 2016
2,000 pesos - Painter Débora Arango, with Caño Cristales River on the back
5,000 pesos - Poet José Asunción Silva, with a view of the "páramos colombianos," an eco-system on the back
10,000 pesos - Antropoligist Virginia Gutiérrez, with the Amazonian forest on the back