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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...

New Algeria 2000 Dinar Banknote

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Earlier this month the Central Bank of Algeria released a new Algeria 2000 Dinar commemorative banknote to celebrate the 31st Arab League Summit held in the capital Algiers. The summit, conducted on November 1-2, 2022, focused on discussions pertaining to issues within the Arab world. This significant event also marked the commemoration of 60 years of independence from France in 1962. The banknote, distinguished by its vibrant green color, incorporates both Arabic and English text. On the obverse side, the banknote features a captivating image of the Martyr’s Memorial situated in the capital city of Algiers. Additionally, the official seal of the Arab League is prominently displayed, accompanied by a map depicting the member countries of the Arab League. The reverse side, the note showcases the Tikoubaouine Arch from Tassili N’Ajjer National Park. Positioned at the center is the imposing Great Mosque of Algiers, while the majestic Hoggar Mountains form a subtle backdrop, adding depth a...

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.

Liberia Issues Four New Bank Notes to Complete Series

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The Central Bank of Liberia released all the denominations in its updated banknote series of $20, $50, $100, $500, & $1,000. The $5 and $10 bills were replaced with coins of the same denominations ($1,000 Liberian is the equivalent of $6.50 in United States currency).  Liberia’s 18th president, William V.S. Tubman, is on the $20 note, which has a reverse showing men and women at an outdoor market. The $50 note depicts the 20th president, Samuel Kanyon Doe, and a man tending to an oil palm tree.  The Liberian Dollar is the official currency of the Republic of Liberia. However, the United States Dollar is a legal tender in Liberia and is used along side the Liberian Dollar currency. 

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