New additions week 17 - 2014

Remember kids, when you know of a friend, a colleague or a family member going on vacation to an exotic country, always ask to bring some money back as a souvenir. I did, and look what it got me: three new Moroccan banknotes, including two from the new series!

  • 50 dirham - P69a
  • 20 dirham - P74
  • 100 dirham - P76

Steven | Sunday 20 April 2014 at 07:39 am | | new additions | No comments
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Belarus hints at new banknotes 'resembling euros' reports that the president of Belarus, Aleksander Lukashenko, announced at a meeting that a new series of banknotes will be printed.

New bills resembling euros will be launched into circulation after the redenomination is over. "I know you demand a new beautiful currency because millions of Belarusian rubles are heavy to carry in wallets. The time will be ripe for it. We need to push forward with the economy. We need to achieve certain stability," Lukashenko addressed employees of the aircraft repair plant in Baranovichi. At the meeting with the staff of one of the largest factory, it emerged that newly designed banknotes had been printed and delivered to special storage facilities.

Belarus is in the process of redenomination for a third time. The Belarusian currency was redenominated on 20 August 1994, with one new unit equaling 10 old ones, and the second time it lost three zeros on 1 January 2000. 

We heard these rumours before but don't expect new Belarusian banknotes before 2015.

Steven | Monday 14 April 2014 at 8:12 pm | | news | No comments
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Will Argentina print higher denominations?

The Argentinian Congress has adopted a proposal for the printing of banknotes of 200, 500 and 1000 peso. Currently the highest denomination in Argentina is the 100 peso. Member of Congress Guillermo Durand Cornejo who introduced the bill pointed out that 97.1% of all circulating banknotes is either the 50 or 100 peso. Due to the rising inflation in the country there is a need for bigger notes.

The bill also proposes the design for the new banknotes:

No word yet if these proposed banknotes will actually be printed.

Steven | Monday 14 April 2014 at 7:57 pm | | news | No comments
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New additions week 16 - 2014

Last weekend was the bi-annual Papermoney Fair Maastricht in the lovely town of Valkenburg aan den Geul. This year all tables were sold out so it was packed with dealers, buyers and tons of great banknotes. What I really liked this year in comparison with previous years was the amount of 'cheap' banknotes offered. Everywhere were crates filled with banknotes sold for a few euro. I'm sure lots of collectors skip these offers but it meant that the fair was useful for every type of collector, including the beginners or people with limited funds. 

I also managed to get some nice new notes and expand the amount of countries in my collection. The purchase list:

  • Armenia, 100 dram, P42
  • Aruba, 10 florin, P16b
  • Bermuda, 2 dollar, P57a
  • Denmark, 10 kroner, P44ag
  • El Salvador, 1 colon, P125a
  • Ghana, 10,000 cedis, P35a
  • Macedonia, 10 denari, P14c
  • Netherlands, 10 gulden, P85
  • Norway, 10 kroner, P36c
  • Somaliland, 1000 shillings, P20
  • Somaliland, 5000 shillings, P21
  • Timor, 100 escudos, P28a

Steven | Monday 14 April 2014 at 09:02 am | | new additions | No comments
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Iraq announces new series of banknotes

The Central Bank of Iraq has announced that a new series of banknotes will be printed, according to several newssites. The update will include new images, two added dates of the Hijri and Gregorian calendar and a signature by the Governor of the Central Bank Abdul Basit Turki Saeed. The security features will of course also be updated, like the inclusion of a security thread, color changing ink and signs to aid the visually impaired.

The 10,000 dinar note will get an image of the Freedom Monument in Baghdad. The 25,000 dinar note will get an agricultural theme with a plowing tractor. The old and new banknotes will circulate together.

Because the info is still sketchy and hard to translate from the original sources and because no images have been released yet, this news will be updated when more info is available.

Steven | Friday 11 April 2014 at 09:10 am | | news | No comments
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This weekend: Papermoney Fair Spring 2014

A quick reminder that this weekend 11-13 April 2014 the Papermoney Fair Maastricht will be held in Valkenburg a/d Geul. Over 200 dealers will be present: it´s completely sold out! That means more than enough choice for us collectors. More info about the event can be found on this website (don't judge the fair by the horrible layout of the site: it's way better in real life!).

Steven | Thursday 10 April 2014 at 8:27 pm | | links | No comments
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Lebanon issues new polymer commemorative note

The Central Bank of Lebanon has issued a new commemorative note of 50,000 Lebanese pounds according to a press release by the printer, De la Rue:

The Banque du Liban is today launching a new polymer banknote produced on Safeguard, De La Rue’s polymer substrate.

Beirut: 9 April 2014 : The new Commemorative polymer banknote is issued to celebrate the 50th anniversary of the founding of the Banque du Liban. With vibrant colours and imagery, the new note uses the latest technology as protection against counterfeiting. The clear ‘window’ area in the banknote shows an image of the Cedar of Lebanon in a bright, eye-catching blue/green ink which changes colour as the note is tilted and which can be seen from both sides of the note. The Banque is proud to be the first issuing authority in the region to use this colour changing ink in the clear window of the banknote.

De La Rue’s Sales Director Ruth Euling commented: ‘De La Rue is honoured that the Banque du Liban has selected our Safeguard polymer for their banknotes and included the SPARK ® Orbital TM feature which provides a dynamic, high impact public recognition feature. We congratulate the Banque on being the first issuer in the region to adopt the new technologies”.

Safeguard™ and Orbital are trade marks of De La Rue International Limited

SPARK® is a registered trade mark of SICPA Holdings SA

I haven't been able to find an image yet but let's hope it's a better looking note than the last commemorative issue from Lebanon.

Steven | Thursday 10 April 2014 at 8:11 pm | | news | No comments

Iceland to replace lowest denomination with a coin?

In its annual report for 2013, published last week, the Central Bank of Iceland stated that because inflation has been high in Iceland it "has often been necessary to adjust the face value of banknotes and coins to a higher price level".

This probably means that in the "near future" the lowest denomination banknote, the 500 krónur, will be replaced by a coin. 

Steven | Tuesday 08 April 2014 at 8:27 pm | | news | No comments
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Guatemala issues updated 20 and 50 quetzales notes

According to MRI Report the Bank of Guatemala has issued an updated version of its 20 and 50 quetzales banknotes. 

"The Banco de Guatemala announced the release of an improved 50 quetzales note. While the design is similar to the previous ones, it has a wide segmented OVI band and a golden "coffee grain." It also shows the value in Braille. This note is printed by OberthurTechnologies. Also announced is a 20 quetzales note which has a magenta wide security thread. This one is printed by Goznak."

Pictures below taken from the information leaflets in the links above.

Steven | Monday 07 April 2014 at 08:27 am | | news | No comments

Mongolia won't print a new 50,000 tögrög note soon

The Prime Minister of Mongolia N.Altnakhuyag has denied rumours that the Central Bank of Mongolia is going to introduce a 50,000 tögrög note anytime soon:

"Today (April 3) I asked President of Mongolbank N.Zoljargal if it is going to introduce a 50 thousand MNT banknote and he responded, “No”. So, it is a rumor."

For now, the 20,000 tögrög note remains the highest denomination in Mongolia. 

Steven | Friday 04 April 2014 at 8:42 pm | | news | No comments
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Argentina presents new note showing the Falkland Islands

Argentine President Cristina Fernández has presented a new 50-peso note commemorating the 32nd anniversary of the invasion of the British archipelago. Argentine forces invaded the Falkland Islands (called Las Malvinas by Argentina) on 2 April 1982 but surrendered after just over two months of fighting. A total 255 British and about 650 Argentine servicemen were killed in the fighting, along with three Falkland civilians. In March 2013, residents in the Falkland Islands voted overwhelmingly in a referendum in favour of remaining British. Just three residents out of 1,517 were against remaining British.

On the front, it displays a map of the islands in the white and blue colours of the Argentine flag. On the back we see a gaucho who rose up against British rule in 1833. An exact issue date is unknown at this time but MRI Guide expects it to be issued "by years' end".


Steven | Friday 04 April 2014 at 8:29 pm | | news | No comments

Poland announces new security features

As was announced last year, Poland will introduce updated banknotes in April with new security features. The news on the website of the National Bank of Poland:

On Monday 7 April 2014, Narodowy Bank Polski will start a gradual introduction of banknotes with modernized security features to circulation. The modified banknotes, with face values of 10, 20, 50 and 100 zloty, will replace worn or damaged banknotes that are withdrawn from circulation under regular operations of cash provision to commercial banks. All the banknotes currently in circulation will remain legal tender for an indefinite time.

"The main goal of modernizing the security features is to keep the security of cash transactions at the highest level over the next years. At the moment, Polish banknotes are seldom counterfeited (around 8 cases of counterfeiting against a million of banknotes in circulation), yet technological advances having taken place in the area of banknote securi-ty features over the past 20 years call for such an operation. Narodowy Bank Polski is now ready to put banknotes with modernized security features into circulation", says Marek Oles, Director of the Cash and Issue Department of NBP. 

Narodowy Bank Polski has successfully completed acceptance tests of all sorters. They confirmed that the devices were ready to process the modernized banknotes. In December 2013, NBP provided professional cash handlers with the modernized banknotes, to allow them to calibrate the devices which required such adjustment (sorters, counters, deposit ATMs, dispensers, etc.) Since last year, Narodowy Bank Polski has held intensive training sessions for over 5 thousand people professionally handling cash. The Bank also cooper-ates with commercial banks and other businesses that handle cash. 

"It is worth stressing that Narodowy Bank Polski will not be taking any dedicated measures to withdraw the current banknotes. The modernized banknotes will replace the damaged or worn ones, so during the first few months they will account for a mere fraction of all banknotes in circulation", adds Director Marek Oles. The graphic design of the modernized banknotes has not changed, yet the new security features will distinguish banknotes of the new issue from the old ones.

The most significant changes the public will see on the modernized banknotes are the watermark on an unprinted field, introduction of iridescent ink and an enhanced recto-verso security feature. It is worth remembering that the banknote with the face value of 200 zloty will re-main unchanged for the time being, and none of the modernized banknotes will come into circulation before 7 April 2014.

Things to keep in mind:

  • in a month’s time, on 7 April, NBP will commence the provision of the mod-ernized banknotes to the commercial banks; thus, the banknotes will start their general circulation;
  • the operation is of a purely technical character - the images will not change significantly; only the security features will be modified;
  • the current banknotes will be legal tender indefinitely;
  • the 200 zloty banknote is not due for modernisation for the time being - yet, bearing the security of cash transactions in mind, banknote modernisation is an ongoing process.

Steven | Monday 31 March 2014 at 12:39 pm | | news | No comments
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