Posts

Tonga Introduces New Series of Banknotes into Circulation

Image
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...

Unissued Somali Banknotes: A Tale of Printing, Postponement, and Civil Unrest

Image
In the early 2010s, Somalia’s Transitional Federal Government commissioned the printing of a new family of banknotes in Sudan, presumably by Sudan Currency Printing Press, the state printer.  By 2013, Somalia’s new federal government announced the postponement of the introduction of these notes until an unspecified later date, pending the strengthening of financial institutions in Somalia. It remains unclear if Sudan had printed any notes for Somalia during this period. An article on Hiiraan Online dated June 13, 2018, stated that Bashir Isse Ali, the governor of the Somalia Central Bank, revealed that the government, in collaboration with the International Monetary Fund, was preparing to spend $41 million to print new 5,000-, 10,000-, 20,000-, and 50,000-shilling notes with advanced security features. In earlier interviews, he mentioned that 1,000- and 2,000-shilling notes were also under consideration. According to a Hiiraan Online article dated March 20, 2021, Abdusalam Omer Had...

Netherlands to Honour Arsenal legend Dennis Bergkamp

Image
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...

Sir Vivian Richards on $2 Banknote for ECCB's 40th Anniversary

Image
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...

Cayman Islands Unveils 70-Dollar Banknote of QE II's Platinum Jubilee

Image
The Cayman Islands has recently announced the release of a special commemorative banknote, with a face value of 70 dollars, to mark the one-year anniversary of the passing of Queen Elizabeth II. This unique banknote is also a tribute to the remarkable Platinum Jubilee of the beloved queen. On the obverse side, the banknote elegantly showcases the Cayman Islands Coat of Arms and the Royal Cipher of Queen Elizabeth II, symbolizing her reign from 1952 to 2022. The reverse side of the note is adorned with three different portraits of Her Majesty, including a poignant depiction of her historic visit to the Cayman Islands in 1983. These images pay homage to her enduring connection with the people of the Cayman Islands. It's worth noting that this special banknote, printed by De La Rue, will not enter general circulation. Only 10,000 of these commemorative notes have been produced. Stay tuned for more information on how to obtain one for your collection. This unique piece serves as a last...

CBSI to Launch New $10 Commemorative Banknote Soon

Image
The Central Bank of Solomon Islands (CBSI) is excited to announce its plans to release a new limited-edition $10 commemorative banknote to mark a significant event in the history of the Solomon Islands nation—the XVII Pacific Games 2023, scheduled to be held in Honiara, Solomon Islands, in November. Here are some important details about this commemorative banknote: Design and Production: The new $10 banknote has been crafted using Safeguard polymer by De La Rue, a renowned currency and security printing company in the UK. This choice of material is known for its durability and intricate security features that make counterfeiting extremely difficult. Purpose: This commemorative banknote has been designed to commemorate the XVII Pacific Games 2023, a momentous occasion for the Solomon Islands. Once officially launched, this banknote will be available for both everyday use in circulation and as a collector's item, serving as a special memento to celebrate and remember the PG 2023. Off...

₹2000 Banknotes to be Phased Out in 5 Days!

Image
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...

Japan to issue new banknotes in July 2024

Image
Japan will issue new banknotes as early as July next year in their first renewal since 2004. Newly-designed banknotes will circulate from July 2024, The Yomiuri Shimbun has learned. The Finance Ministry announced in 2019 that new ¥10,000, ¥5,000 and ¥1,000 notes would change sometime between April and September 2024. The face of Eiichi Shibusawa, known as "the father of Japanese capitalism," will be on the new 10,000 yen bill; the new 5,000 yen note will carry Umeko Tsuda, an educator who pioneered women's higher education, while the new 1,000 yen note will feature microbiologist Shibasaburo Kitasato, who developed a serum therapy for tetanus.   The reverse of the three banknotes will adopt images of the Tokyo Station building, wisteria and a work on Mt Fuji by ukiyo-e artist Katsushika Hokusai, respectively. The new banknotes include anti-forgery technology that is being used for the first time in the world.

Popular posts from this blog

Inspiring Banknote Collection: Cricket and Its Players

Bank Al-Maghrib Officially Releases New MAD 200 Banknote

Tonga Introduces New Series of Banknotes into Circulation