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Showing posts from September, 2023

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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₹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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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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