Wednesday, July 6, 2016

European Monetary Union will issue a new 50 euro Europa series banknotes in 2017

 

The European Central Bank unveiled the design of the new 50 euro banknote of the Europa series. The note is to be released into circulation on April 4, 2017. Three other denominations of this series have previously been released: €5 in May 2013, €10 note in September 2014 and €20 note in November of last year.

Monday, July 4, 2016

Making art out of the U. S. currency

Money may well have made many a political career but one American artist has now forged his own success crafting politicians themselves out of cold hard cash.

Meticulously handcrafted using small pieces of money -- mostly U.S. one dollar bills --Mark Wagner's currency collages reconfigure the familiar green and black paper into mythical creatures, fantastical garden scenes and US politicians past and present.

Originally a printer and specialist book binder who has long dabbled in collage, Wagner first started cutting up dollar bills as material for his art in 1999 after he went looking for the most "common" paper he could find to use for one particular piece.

He soon came to realize the versatility money gave him as a medium, as well as the possibilities to explore what money means to people and the essential part it plays in everyone's life.

Each collage is created using small pieces of deconstructed bills, carefully glued into place using a brush, and Wagner uses every single part of the bill, whether it be for Abraham Lincoln's nose, Barack Obama's ears or for decorative framing around the edge.

 

The artist doesn't normally track how many bills he uses to create a collage, but says he did do a full accounting of the money used for one 17 foot tall collage he created of the Statue of Liberty -- which took 1,121 one dollar bills and 81,895 individual scraps of those bills.

This may sound expensive, but Wagner is extremely careful with his money, painstakingly positioning each small piece of money so it doesn't overlap too much, which makes his currency a cheaper artistic material than oil paint. The egalitarian nature of the bills also appeal to him, which he translates into the way its sold through posters, prints and other renderings.

And although cutting up U.S. tender is technically illegal, Wagner says he has never had any problems with law enforcement.

The U.S. Federal Reserve itself recently acquired some of his now highly-collectible art while the National Portrait Gallery, which is part of the Smithsonian Institution, once displayed a piece of his just three blocks from the Federal Bureau of Investigation (FBI) headquarters.

 

Extracted from original article by Georgia McCafferty for CNN July 4, 2016

Sunday, July 3, 2016

Colombia issued a new 20,000 Pesos note

 

Colombia has issued a new a 20,000 Pesos note on June 30, 2016. The note features Former President Alfonso López Michelsen in the front. The back shows Sombrero vueltiao (turned hat); standing farmer wearing hat, carrying sheaf of caña flecha (Gynerium sagittatum); canals at La Mojana where the Zenú people settled; Zenú earring; Benjamin Puche Villadiego poem about sombrero vueltiao; Liberty head bank seal.

Argentina introduced a new 500 peso note

 

The Banco Central de la República Argentina introduced a new 500-peso note on July 1, 2016. This note is the first in a new series of banknotes featuring the native fauna of various regions of the country.

Friday, July 1, 2016

Belerus redenominated it's currency, dropping four zeros

 

 

 

 

 

 

 

The Belarusian ruble was redenominated with the existing notes (2000 series) exchanged for new ones (2009 series) at a rate of 10,000:1. A total of seven denominations (5, 10, 20, 50, 100, 200, and 500 rublei) were introduced on 1 July 2016.

The theme of the new notes is “Belarus is my country,” with each denomination dedicated to one of the regions of Belarus and the city of Minsk: 5 rubles dedicated to Brest region, 10 rubles to Vitebsk region, 20 rubles to Gomel region, 50 rubles to Grodno region, 100 rubles to Minsk region, 200 rubles to Mogilev region, and 500 rubles to the city of Minsk.

The National Bank of the Republic of Belarus ordered the "new" notes from De La Rue in 2008, but due to the global economic crisis of the time, the redenomination was postponed and the freshly printed notes were stored in the bank's vaults. As such, the notes to be issued in 2016 bear the series date of 2009 and the facsimile signature of Petr P. Prokopovich, the then chairman of the board of the bank. Also, the new 50-ruble note carries an inscription which is inconsistent with currently applicable Belarusian spelling rules. These inconsistencies will be addressed as new notes are ordered from the printer.