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Showing posts from December, 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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Bank of Central African States Launches Redesigned Banknotes

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The Bank of Central African States (BEAC) put into circulation a new series of redesigned XAF (franc) banknotes on 15 December 2022, to celebrate the bank’s 50th anniversary. The new notes will circulate in the Central African States of Cameroon, the Central African Republic, Chad, Congo, Equatorial Guinea, and Gabon. Five denominations of the banknotes 500, 1000, 2000, 5000 & 10,000 are issued. All five denominations of the franc banknotes (XAF 500, 1000, 2000, 5000 and 10,000) have been redesigned and upgraded.  For the first time, the notes will represent all four official languages spoken in the BEAC region: French and Arabic (on the front sides), English and Spanish (on the reverse sides).  The 2002 series of BEAC banknotes will be gradually withdrawn from circulation as they are returned to BEAC counters starting January 2024. Until then, they will continue to be valid legal tender.
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Bank of England to Issue New Banknotes with King Charles III Portrait

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The Bank of England recently issued a press release unveiling the new portrait of King Charles III. This transition marks an unprecedented shift from one monarch to the next. Queen Elizabeth II was the first monarch to be featured on Bank of England notes, starting with the £10 and £1 notes in 1960. The introduction of King Charles III on the banknotes signifies a historic change in the visual representation of the British monarchy on the country's currency. As you can see that the King is wearing the Order of the Garter robes. The overall designs and the historical characters will remain the same on each of denominations, except the Monarch’s portrait, the clear window portrait, and his royal monogram (CIIIR). With a few adjustments around his portrait that differ slightly from the current designs, the new banknotes featuring King Charles III are expected to be in circulation by mid-2024. All polymer banknotes with a portrait of HM Queen Elizabeth II will remain legal tender, and
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Bangladesh to Issue New 50 Taka Commemorative Banknote

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Bangladesh Bank is set to release a 50 Taka commemorative note in celebration of the Golden Jubilee of the Constitution and the Supreme Court of Bangladesh. Prime Minister Sheikh Hasina is scheduled to unveil the commemorative Tk50 banknotes during a discussion program organized by the Supreme Court of Bangladesh on December 18, 2022, as stated in the press release. According to officials from the Bangladesh Bank, the new commemorative notes will be made available at the Bangladesh Bank's Motijheel office starting from December 19, 2022, and will subsequently be distributed to other branch offices. The banknote features the portrait of Sheikh Mujibur Rahman on the obverse side, with a photograph of Jatiya Sangshad Bhaban in the background, while the logo of the Golden Jubilee of the Constitution and the Supreme Court of Bangladesh is positioned on the right side.
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US Banknotes will Include the Signatures of 2 Women for the First Time

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Treasury Secretary Janet Yellen made a historic announcement as she revealed the new $1 and $5 bills, which bear the signatures of two women for the first time in American history. Yellen’s signature will appear alongside that of National Treasurer Lynn Malerba, the first Native American to hold this position. Both officials signed sheets of bills in denominations of $1 and $5, marking a historic moment. The new banknotes are set to be delivered to the Federal Reserve this month and will enter circulation next year. The Fort Worth facility, one of two in the United States, is responsible for printing over 50% of US paper currency each year. The other facility, located in Washington, will commence printing the new bills in January or February, according to a senior Bureau of Engraving and Printing (BEP) official. "We’ve made progress in providing greater economic opportunity for women at Treasury and in the economics profession. But we know that much more needs to be done," Ye
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New Peru Banknotes For 2022

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Peruvian banknotes and coins serve as compelling repositories of history, capturing the essence of the nation's rich heritage. Each denomination bears witness to the narrative of Peru through the inclusion of portraits of distinguished Peruvian figures, iconic historical sites and buildings, as well as depictions of the diverse flora and fauna that characterize the country. In this way, the currency becomes a tangible reflection of Peru's cultural and natural legacy, offering a visual journey through time and showcasing the nation's identity on a global stage. Earlier this year, the Central Reserve Bank of Peru introduced newly designed 20 and 50 Soles banknotes. Building on this initiative, in the preceding year of 2021, the bank also unveiled updated 10 and 100 Soles banknotes. These notes showcase a fusion of ultra-modern designs, seamlessly integrating historical elements with contemporary, visually striking aesthetics. The innovative approach in the design captures a h
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Barbados to Issue a New Series of Redesigned Polymer Banknotes

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Barbados to issue a new series of redesigned polymer banknotes into circulation on Dec 5, 2022 in the denominations of 2, 5, 10, 20, 50, 100 Dollars.  The upcoming banknotes bear a striking resemblance to the current paper currency in circulation, maintaining a design continuity. However, a notable shift is introduced with a new vertical orientation, aligning with the popular trend in recent years. The color schemes remain consistent with the existing series, and the portraits continue to feature figures of significance. Specifically, the $2 note in blue showcases scientist and agronomist John Redman Bovell, while the green $5 note highlights senator and cricketer Frank Worrell. The $10 note in brown features physician and politician Charles Duncan O'Neal, and the purple $20 note portrays Samuel Jackman Prescod. Moving on, the orange $50 note pays tribute to Errol Barrow, the first prime minister of Barbados, and the grey $100 note features politician Sir Grantley Adams.  On the re
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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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Sir Vivian Richards on $2 Banknote for ECCB's 40th Anniversary

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In honor of the esteemed West Indian cricketer Sir Vivian Richards, a commemorative $2 banknote featuring the image of the former batting star has been produced and is set to circulate throughout Eastern Caribbean countries. Starting on December 6, these notes will be available at banks across the Eastern Caribbean. The tribute currency was unveiled during an event marking the 40th anniversary of the Eastern Caribbean Central Bank in Antigua, Sir Vivian Richards’ birthplace. Meanwhile, Sir Vivian Richards expressed his gratitude for the recognition. “To be honored in such a manner is something dreams are made of,” Richards stated, as reported by islandpressbox.com. He was presented with the inaugural $2 bill featuring his likeness. Camillo Gonsalves, Chairman of the ECCB Monetary Council, emphasized that individuals prioritizing financial gain over representing West Indies or enhancing West Indies Cricket may not attain the same level of success or stature as Sir Vivian. The front of t
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Netherlands to Honour Arsenal legend Dennis Bergkamp

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Dennis Bergkamp, the iconic former Arsenal and Netherlands forward, is set to receive a distinctive tribute from the Netherlands. One of his most memorable goals will be featured on a new banknote in the country. Renowned as the linchpin of Arsenal during his illustrious 11-year tenure, Bergkamp is now poised to have his legendary goal immortalized on the new banknote. Since his arrival at Arsenal in 1995, he recorded an impressive tally of 315 goals in 315 matches across various competitions. His contributions were pivotal in securing three Premier League titles (including an unbeaten season), clinching four FA Cup victories, and guiding the team to the 2006 UEFA Champions League final. As reported by Olt Sports, the Dutch treasury has commissioned the Royal Enschede Company, their official currency minting entity, to produce a distinct eight-euro banknote. This unique currency will showcase Bergkamp adorned in the iconic Dutch jersey from the 1998 World Cup and capture the unforgetta
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