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Showing posts from October, 2022

Tonga Introduces New Series of Banknotes into Circulation

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The National Reserve Bank of Tonga (NRBT) unveils new series of banknotes featuring Polymer substrates and enhanced security features. On December 4, the National Reserve Bank of Tonga (NRBT) marked a significant milestone with the launch of Tonga's new series of banknotes. The chosen date for the release holds special significance as it commemorates the birthday of King Tupou I, a key modernizer who reigned from 1845 to 1893. Produced in collaboration with De La Rue, the new banknote series incorporates both paper and polymer substrates, introducing updated security elements to enhance durability and deter counterfeiting. This redesign represents Tonga's first use of polymer in its currency since 2015. The series comprises 2-, 5-, 10-, 20-, 50-, and 100-pa’anga notes, with the colors remaining unchanged. Notably, the 5- and 10-pa’anga denominations have transitioned to polymer due to its proven durability, particularly for extensively circulated notes. With one pa’anga being e...
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Newly Printed Afghani Banknotes To Enter Circulation Soon

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The issuance of new banknotes will be based on reasonable monetary policies that are balanced with economic growth and market necessity, according to the central bank’s announcement, which was released on Saturday, October 22. The old banknotes will be systematically accumulated and withdrawn from circulation in accordance with already existing procedures, the announcement said.  The new banknotes’ printing location and process are undisclosed. However, Thomas West, the US Special Representative for Afghanistan, stated during a virtual meeting that Washington is collaborating with international organizations, particularly the World Bank and the Asian Development Bank, to develop the framework for printing Afghan currency. He added that the decision to transfer and replace old currency with new currency was made on Thursday, but he added that he was unsure of the precise date that it would be made available to the public.
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Inspiring Banknote Collection: Cricket and Its Players

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Paper money collectors often focus on a specific nation or even a particular series. This column is designed to offer ideas for building a collection of notes from around the world centered on a cricket theme. While cricket stands as the most popular sport globally, engaging approximately a quarter of the planet's population as fans, it's interesting to note that there are relatively fewer banknotes featuring both its players and the sport. Exploring this niche can add a unique dimension to your collection, capturing the essence of a sport cherished by millions worldwide. Consider seeking out these distinctive banknotes to enrich your collection and showcase the diverse ways in which cricket is celebrated across different cultures and regions. Most of the $5 banknotes from Barbados feature the bust of Sir Frank Worrell on the obverse. However, the banknotes issued in the 2013 series showcase the 3Ws Oval cricket field in Barbados on the reverse side, honoring three leg...
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Bank Al-Maghrib Officially Releases New MAD 200 Banknote

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Morocco’s central bank, Bank Al-Maghrib, has officially declared the issuance of the new MAD 200 banknote. The announcement aligns with the commemoration of the 80th Independence Manifesto, marking the formal manifesto for independence in 1944. Issued under the leadership of King Mohammed VI, the new MAD 200 banknote aims to showcase Morocco’s economic and industrial progress. On the front, the banknote features the portrait of King Mohammed VI, accompanied by the striking image of the Mohammed VI bridge. Turning to the reverse side, the banknote highlights the construction of the Mohammed VI Tower and the Marrakech Menara International Airport. It also pays homage to Morocco’s industrial development and advancements in digital technology. Bank Al-Maghrib emphasized that the new banknote incorporates state-of-the-art security features, including a "three-dimensional dynamic security thread," color-changing magnetic ink, and front and back registration patterns, along with pro...
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₹2000 Banknotes to be Phased Out in 5 Days!

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The Reserve Bank of India (RBI) has issued an order to withdraw the highest denomination banknote, the 2,000-rupee note, on May 19, 2023. This move comes almost seven years after its introduction in November 2016 to remonetize the economy, following Prime Minister Narendra Modi's sudden decision to invalidate 1,000 and 500 rupee notes as legal tender overnight, as part of an anti-corruption initiative. Despite the majority of the 3.56 trillion rupees being deposited, approximately 7 percent of these notes were still in circulation as of September 1, 2023, amounting to ₹24,087 crore ($2.9 billion). The pink-hued 2,000-rupee note quickly became a popular choice for storing value and conducting significant cash transactions. In its withdrawal notice, the RBI explained that the 2,000-rupee banknotes had served their intended purpose and were no longer in widespread circulation. The central bank also referenced its 'clean note policy,' which mandates the replacement of worn or s...
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