Bank of England wants new face for 20-pound note

The Bank of England has asked the public to nominate who they would like to feature on the back of the future £20 note. This new banknote will be issued in 3-5 years, probably made of polymer and it will celebrate Britain’s achievements in the visual arts.

Visual artists include architects, artists, ceramicists, craftspeople, designers, fashion designers, filmmakers, photographers, printmakers and sculptors.  The Bank will not feature fictional or living characters, with the exception of the Monarch, who appears on the front of our notes.

Nominations can be send in until 19 July 2015.

Steven | Wednesday 20 May 2015 at 4:02 pm | | links | No comments

Canada to issue commemorative banknote in fall 2015

It's been a while but finally we have some news from Canada again. The Bank of Canada has announced that it will issue a new commemrative polymer banknote this year in commemoration of Queen Elizabeth II. From the press release:

On 9 September 2015, Her Majesty Queen Elizabeth II will become the longest-reigning sovereign in Canadian history, exceeding the reign of her great-great-grandmother, Queen Victoria.

To mark this historic reign, the Bank of Canada will issue a special commemorative bank note in 2015. The note will be a variation of the existing $20 polymer bank note that already features a portrait of Queen Elizabeth II. The variation will incorporate a special mention of Her Majesty’s reign.

Circulation and distribution

This commemorative note will be publicly unveiled and issued this fall. It will have the same level of security as all other notes in the Polymer series. More information will be available at that time.

This commemorative bank note will be issued into general circulation and distributed through Canada’s financial institutions.

The Bank is working with financial institutions to ensure that the notes will be available to Canadians across the country. The Bank will issue 40 million commemorative notes. To put this in perspective, there are over 800 million $20 notes in circulation in Canada. The current $20 note will continue to be issued and represent the vast majority of $20s in circulation for the life of the Polymer series.

Steven | Wednesday 20 May 2015 at 3:53 pm | | news | No comments

Maldives' new banknotes to be printed on Safeguard

The Maldives Monetary Authority announced a new commemorative banknote early this year. The new note would be issued at the end of July. My prediction was 26 July because of the anniversary of the Independence of the Maldives (26 July 1965).

According to a press release from De la Rue they also plan to introduce a whole new series of banknotes which will be printed on Safeguard polymer. "The Maldives Monetary Authority has selected Safeguard for the first entirely new series of banknotes to be issued in Maldives for over 30 years. The MMA held a design competition to select a local artist to work alongside De La Rue’s banknote designers in the realisation of these new notes. Abdullah Nashaath was the winning artist, selected from a large number of high standard entries and his involvement will ensure that the new family, called Randhihafaheh, has an authentically Maldivian look.

The first denomination to be launched will be a commemorative 5,000 Rufiyaa at the end of July followed by the circulating denominations of 10, 20, 50, 100, 500 and 1,000 from October onwards. The existing 5 Rufiyaa will be converted to coin and the 1,000 Rufiyaa is a new high value at the top of the denominational scale."

Previously Safeguard has been used as the material for two commemorative notes from Lebanon and Gambia. This is the first time a whole series is being produced on Safeguard.

Steven | Friday 15 May 2015 at 5:57 pm | | news | No comments

IBNS Banknote of the Year 2014

The results are in for the IBNS Banknote of the Year 2014 competition and the winner is.... NOT Kazachstan! Sorry, that was too easy. The actual winner is, also not very surprising, the new 50-dollar note from Trinidad and Tobago.

This year I came really close to nominating the winner because my nomination, the 5,000-francs note from the French Pacific Territories was awarded the second place. Third place went to the new 10-dinar banknote from Kuwait.

Below is the whole top 3 for your viewing pleasure:

1st place

2nd place

3rd place


Steven | Friday 15 May 2015 at 5:43 pm | | news | No comments
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New additions week 19 - 2015 (2)

This week after a three-day visit to Disneyland Paris I came home finding a brown envelop with some interesting stamps on it in the mail. A letter from the Mujand Trading Company with the new set of fantasy banknotes! I can tell you that this was the perfect homecoming after a long car trip with loads of traffic jams and lousy french food. Below is the description I wrote earlier about this wonderful new set:

"One of the most interesting fantasy banknote series is the one from the Mujand Trading Company. Previous posts about their sets can be read herehere and here. What I like about these sets is not only their beautiful and innovative design but especially the whole story and mythology behind them. The fictional planet Blissdane Naïve and the different nations on the planet provide a fascinating backdrop for the different banknote sets.

Now a fifth set has been released, from the nation of Perish Island. The story goes that this island regularly sinks beneath the water and now has submersible houses on it (please read the whole fantastic story of why this happens here). Following this story the banknotes have been made of a waterproof polymer material. The front of the notes shows half of the portraits above water, while the backs shows the other half of the portrait under water. Front and back put together makes the portrait complete. How brilliant is that?

The set can be bought exclusively at the eBay store of Yuri111."

Steven | Friday 08 May 2015 at 2:22 pm | | new additions | No comments
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Hong Kong begins development of new series

The Hong Kong Monetary Authority has started the development of a new series of banknotes according to this interesting article in the South China Morning Post. The preparation for the new series will be finished in two to three years. 

"We have just started to prepare for the launch of a new series of banknote," [Monetary Authority chief executive Norman Chan Tak-lam] said at the printing plant. "We expect the whole preparation process may need two to three years as we need time to search for and buy the most advanced security features for the banknotes, while the three note-issuing banks would also need time for their designers to do the design.

 The Hong Kong government issues the city's HK$10 banknotes and allows the three note-issuing banks - HSBC, Standard Chartered and Bank of China (Hong Kong) - to appoint their own designers for banknotes denominated from HK$20 to HK$1,000."

Steven | Friday 08 May 2015 at 1:44 pm | | news | No comments

Cambodia issues commemorative 10,000-riels note

The National Bank of Cambodia has issued a new commemorative banknote of 10,000 riels. The new note has been issued to commemorate the 62nd birthday of King Norodom Sihamoni who is depicted on the front of the note. The back of the shows Neak Pean ("Entwined Serpents"), the archeological ruins of a Buddhist temple on an island in Preah Khan Baray, Angkor together with a statue of a horse located at the temple called Balaha.

Below the pictures from banknotenews.com.

© www.banknotenews.com
© www.banknotenews.com

Steven | Friday 08 May 2015 at 1:32 pm | | news | No comments
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New additions week 19 - 2015

Thanks to family members who remember my hobby I'm sometimes suprised with new notes. It always feels like a little present. Yesterday I got three new notes from former Yugoslavia (P89a, P90a and P92d) and one from the Dominican Republic (P170b).

Steven | Monday 04 May 2015 at 10:30 am | | new additions | No comments

Guinea announces new 20,000-francs note

The Central Bank of the Republic of Guinea (BCRG) has announced that a new banknote of 20,000 Guinean francs will be issued on 11 May 2015. The design of the new note emphasizes the modernity and openness of Guinea to the world which is symbolized by two pigeons taking flight.

On the front, the new note shows Guinean women in dedication to the central role they play in the economic life of Guinea. On the back, the hydroelectric dam Kaléta shows the desire of Guinea to become energy self-sufficient. The banknote will be covered with a protective layer on the front and back, making it more resistant and more durable. Also markings for the visually impaired will be added to the note. 

Update 20-05-2015: banknotenews.com has updated images of the new note.

© www.banknotenews.com
© www.banknotenews.com

Steven | Monday 04 May 2015 at 10:11 am | | news | No comments

Burundi issues new series of banknotes

The Bank of the Republic of Burundi has announced and issued a new series of banknotes. The first 4 new notes will be of 500, 2000, 5000 and 10,000 francs. The design of the notes is characterized by the national flag and a particular animal. On the back is the logo of the BRB and a map of Burundi that contains an image symbolizing an economic activity.

As for security, the new notes have the following features:

  • a windowed metallic security thread embedded in the paper, with the letters "BRB"
  • a color-changing effect when the note is tilteda sign for the visually impaired
  • a visible watermark representing one of the two national heroes (the Prince Louis Rwagasore or President Melchior Ndadaye)
  • a transparent fish image visible on both sides of the note

The new notes will circulate side-by-side with the existing notes for three months after which the old notes will cease to be legal tender. The existing notes of 10, 20 and 50 francs will also cease to exist. A new note of 100 francs will however be introduced at a later date. It's unclear to me why they didn't introduce that one at the same time. Perhaps this a cost-related issue since the Bank has also urged the public to take care of the new notes and not bend them more than twice because the replacement of the notes is a costly affair... In my opinion the cost for designing them could also have been a little higher because it looks to me like an amateur photoshop job. But hey, that's just my opinion. 

A leaflet with more information on the newly introduced notes can be found here.

© www.banknotenews.com
© www.banknotenews.com

© www.banknotenews.com
© www.banknotenews.com

© www.banknotenews.com
© www.banknotenews.com

© www.banknotenews.com
© www.banknotenews.com

Steven | Sunday 03 May 2015 at 10:04 am | | news | No comments
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Spink to offer newly discovered banknotes

From coinweek.com: "The World Banknotes auction on 29-30 April [at Spink] showcases a wide range of notes from countries across the globe. We are offering many great rarities, and as usual, some completely unique items. Below is a selection of some of the most spectacular or otherwise interesting items.

Central Bank – United Arab Republic

A group of specimens showing a series of UAR banknotes that were never issued. The United Arab Republic was a union between Egypt and Syria. It lasted only three years, from 1958 until 1961. No official currency was issued for the union, despite the fact that Egypt continued to call itself the United Arab Republic until 1971.

These specimen banknotes, dated 1959, show beyond all doubt that the two countries were planning a combined currency. There is a complete set of notes, with the denominations 25 and 50 piastres, and 1, 5, and 10 Arab Dinars.

That fact that these notes are Arab Dinars is actually what makes them so remarkable. This will no doubt have collectors completely mystified, since neither Egypt nor Syria used Dinars at any point in their history. It could be speculated that Dinars was proposed so that neither party could claim favouritism. Another possibility is that it was an effort to appeal to other states, such as Iraq, in an effort to get them to join the union as well. One thing is for certain, these banknotes will fuel speculation and research for years to come, and are one of the most important discoveries in the fields of Egyptian and Syrian notes for decades."

Combined Estimate £31,000-£46,000 (US$46,810-$69,460)....

Steven | Tuesday 28 April 2015 at 10:50 am | | links | No comments
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New additions week 18 - 2015

After a visit to the Papermoney Fair Maastricht in Valkenburg aan den Geul you can't come home empty-handed. I visited the fair last Saturday and it was bigger than ever. Another hall was added to provide room for all the dealers and I don't know for sure but it also seemed more busy with visitors than previous editions. Lots of respect to the dealers by the way because it was very hot in the dealer rooms. Some of my budget had to be spent on much needed water to help me through my visit. 

But it was a succes for me because I found some notes which I really wanted and ended up with 11 new notes in total and three from new countries. The complete list:

  • Algeria - 100 dinar - 1964 - P125
  • Angola - 50 escudos - 1973 - P105a
  • Argentina - 50 pesos - 2015 - Pnew
  • Chatham Islands - 10 dollar - 1999 - PNL
  • France- 200 francs - 1989 - P155c
  • Iran - 2000 rials - 1986 - P141f
  • Protectorate of Bohemia and Moravia - 100 Kronen - 1940 - P7a
  • Spain - 100 pesetas - 1925 - P69c
  • Trinidad & Tobago - 50 dollar - 2015 - Pnew
  • South Africa - 2 rand - 1983-1990 - P118d
  • South Russia - 25 rubles - 1918 - PS412b

Steven | Tuesday 28 April 2015 at 09:47 am | | new additions | No comments