Paper Money Fair autumn 2013

Just a quick reminder that the renowned Paper Money Fair Maastricht will be held in the lovely town of Valkenburg a/d Geul in the south of the Netherlands in less then a month on 28-29 September 2013. Its autumn edition has 137 dealers signed to the event at this moment making this fair the largest of its kind in the world.

More info on the official website.

Steven Donderdag 29 Augustus 2013 at 08:35 am | | links | Geen reacties
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Mauritius issues first polymer banknotes

On 22 August 2013 the Bank of Mauritius has issued its first polymer banknotes in denominations of 25, 50 and 500 rupees as was announced in May of this year. The new notes have been printed by De la Rue and will circulate side by side with the old paper banknotes.

Here are the images of the new banknotes. The yellow lines don't belong there but because there are no official hi-res images yet, I've cut these from the information poster provided by the bank.

Steven Zaterdag 24 Augustus 2013 at 9:02 pm | | news | Geen reacties
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Northern Ireland introduces updated banknotes

As reported earlier this week, the Bank of Ireland UK has introduced four new banknotes of £5, £10, £20 and £50 denominations. 

The new notes are dated 1st January 2013 and the signature on the new note is Stephen Matchett, Chief Financial Officer.

Steven Zaterdag 24 Augustus 2013 at 8:51 pm | | news | Geen reacties
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Northern Ireland to announce new banknotes

The Bank of Ireland UK is set to introduce new banknotes this week with updated security features. The notes, in denominations of £5, £10, £20 and £50, will look similar to current banknotes but there will be a number of differences including the introduction of a hologram dual image for £10 and £20 banknotes and a dual image and filigree for the £50 note.

The £5, £10, £20 and £50 notes will also see the introduction of a wider security thread and there will be electrotype in the watermark in the form of Bank of Ireland chevrons. The new notes are dated 1st January 2013 and the signature on the new note is Stephen Matchett, Chief Financial Officer.

Steven Donderdag 22 Augustus 2013 at 1:40 pm | | news | Geen reacties
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New additions week 33 - 2013

I received a banknote this week which had been high on my wishlist. It is by itself a beautiful note but it's also the first polymer banknote ever issued. The note (P49) has been issued by Australia in 1988 to commemorate the bicentenary of the landing in Sydney Cove and has been issued in a folder with more info on the design and history.

Steven Dinsdag 20 Augustus 2013 at 10:48 am | | new additions | Geen reacties
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Kenya ready to present new banknotes

According to the Standard Digital News Kenya is ready to present the new banknotes this week which will be issued in February 2015.

Secretary to the Cabinet Francis Kimemia said that this was after cabinet last week approved the move to have the Central Bank launch the new notes. Kimemia said that the notes will depict the Kenyan tourism, economic engagements, culture and tourism. "The new notes will portray the true image of Kenya and our cultural, economic engagements and will be flagged out this week," he said. He notes that the relevant pictures have already been approved and Central Bank given a go ahead to use them.

The constitution demands that new currency notes be in circulation by February 2015 and they will range from 10 shilling to 1000 shiling. Kenya's current constitution is against the use of an individual's image on money. Article 231(4) of the constitution states that notes and coins issued by the CBK may bear images that depict or symbolize an aspect of Kenya but shall not bear any individual's portrait.

"This will be a land mark for this country as we want to have a currency that portrays the real image of the country. It will also be a chance to market the country since they will have pictures of our economic activities and the wildlife that we have," Kimemia said. Despite the introduction of the new look currency, the old currency in use before the new law was implemented will still be used as legal tender.

Update 16 January 2014:  here's an article describing all the problems that have risen between De la Rue and the Kenyan government. The best scenario is still February 2015 for the new banknotes but it could also be January 2016 if things don't go as planned.

Steven Dinsdag 20 Augustus 2013 at 10:09 am | | news | Geen reacties
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No new banknotes for Azerbaijan in 2014 (apparently)

The Armenian website Panorama reports that in 2014 Azerbaijan will issue new banknotes with a new design.

According to this news the new faces for these banknotes would be:

  • 1 manat: Uzeira Gajibekova (composer)
  • 5 manat - Nizami Ganjevi (poet)
  • 10 manat banknote - Zeinalabdin Tagiyev (millionaire and sponsor)
  • 20 manat - Molla Panakh Vagif (poet)
  • 50 manat - Yusif Mamedaliyev (chemist)
  • 100 manat - Heydar Aliyev (former president)

In an offical statement the Central Bank of Azerbaijan (CBA) has dismissed these rumours however as false. Here are pictures of the fake design:

Steven Vrijdag 16 Augustus 2013 at 10:31 am | | news | Geen reacties
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US government has to burn $3 billion in faulty banknotes

The problems with the new US 100 dollar bill aren't over yet. Some of the new notes have had too much ink in the printing process resulting in blurred images. Because these notes were already mixed with the proper ones, the only solution was to destroy the whole batch. A batch worth 3 billion dollar...

The Bureau of Engraving and Printing still thinks that the October release is possible for the new banknote.

Steven Vrijdag 16 Augustus 2013 at 10:06 am | | news | Geen reacties
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Israel delays new banknotes

The Bank of Israel has announced that the two new banknotes of 50 and 200 NIS which were presented in April 2013 and were scheduled to be released in the 2nd half of 2013, will be delayed until the 2nd half of 2014. The other two new banknotes of 20 and 100 NIS will follow a few months afterwards. The delay is probably caused by problems in the production process judging by the language in the press release.

Update 16 May 2014: according to an article in the Globes, the 50 NIS will be issued in September 2014.

Update 24 November 2015: the new 200 NIS will be issued in December 2015 according to this press release.

50 NIS

200 NIS

Steven Donderdag 08 Augustus 2013 at 08:55 am | | news | Geen reacties
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Errors in banknotes

Here's an interesting article written by the legendary Peter Symes for Coinweek, describing the unintentional and intentional errors and oddities on world banknotes.

Steven Vrijdag 02 Augustus 2013 at 09:15 am | | links | Geen reacties
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