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Showing posts with the label Polymer Banknotes

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...

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...

Egypt to introduce LE20 polymer notes before Eid al-Adha

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The Egyptian State Information Service announced the release of a new LE20 polymer banknote ahead of Eid al-Adha. An official statement said on Monday: “The new plastic currency was printed at the new Central Bank of Egypt printing press in the Administrative Capital, based on holograms and watermarks that were manufactured at the NASPS complex in the Administrative Capital”.  “The design of the new banknote is distinguished by its support for people of determination, after adding the Braille method,” it added. CBE had approved the LE10 plastic banknote before Eid al-Adha 2022.  People used to hand new banknotes to children as “Eidiya” (Eid gift) as part of Eid traditions. The Deputy Governor of CBE Khaled Farouk previously told Al-Masry Al-Youm that the Central Bank is already working on polymer notes that will be printed in the near future. He explained that the CBE has already imported equipment and devices intended for processing denominations using the Braille method. Far...

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 ...

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 t...

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