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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US Banknotes will Include the Signatures of 2 Women for the First Time

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," Yellen expressed during a visit to the 675-person facility. "I hope that today is a reminder of the road we’ve traveled on equity and inclusion. And I hope it motivates us to continue to move forward."

Malerba became emotional when discussing the significance of seeing her signature on the new bills as the first Native American treasurer. She reflected on the financial challenges her parents and siblings faced during her upbringing, stating, "This moment is history. Truly, two women on the currency for the first time is momentous. You are all making history today with all of us."

Gita Gopinath, the first deputy managing director of the International Monetary Fund, expressed excitement about the new bills, stating that she is "personally very excited" to spend one for the first time. Collectors eagerly await the new $1 and $5 bills, as both denominations were last printed in 2017.

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