Somalia to print its own currency again?

Somalia, the war-torn failed state in the Horn of Africa, is still planning to issue its own banknotes once more. The have expressed this wish already in 2013 and 2014 but now it might actually happen. The new notes would curculate alongside the US dollar which is now being used as the main currency in Somalia.  

"The International Monetary Fund is helping Somalia print and circulate the currency, Bashir Issa Ali, governor of Somalia's central bank, said Friday in an interview in the Kenyan capital, Nairobi. Somali shillings currently in circulation aren't printed by the federal government in Mogadishu and most are fake, Ali said. The new banknotes would be produced by "reputable companies," he said."

The new notes are predicted for early 2017. 

Steven Sunday 29 May 2016 at 1:37 pm | | news | No comments
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New banknote series in India?

The Reserve Bank of India has indicated that a new set of banknotes will be issued in the future. The new currency notes might get a new look.

No word yet on the design or issue date. Perhaps this will also be the opportunity to finally introduce the polymer notes in India? Last I heard about them was that the trial in five cities was cancelled because of 'technical problems'.

Steven Tuesday 24 May 2016 at 11:50 am | | news | No comments
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Will Nellie McClung return on a Canadian banknote?

The Bank of Canada announced on 8 March 2016 that for the first release of its next series of banknotes it wants a woman to appear on the new note. A public call for names resulted in a list of 18,000 women which was narrowed down to 12 eligible women: politician Therese Casgrain, aeronautical engineer Elsie MacGill, 'Anne of Green Gables' author Lucy Maud Montgomery, artist Emily Carr, black activist and businesswoman Viola Desmond, poet E. Pauline Johnson, author Gabrielle Roy, artist Pitseolak Ashoona, suffragette Idola Saint-Jean, humanitarian Lotta Hitschmanova, athlete Fanny (Bobbie) Rosenfeld and suffragette Nellie McClung. 

Out of these 6 women Nellie McClung received by far the most votes in a poll according to the Winnipeg Free Press. A massive 27% of all voters voted for her, while the other women didn't get more than 10% of the votes. From Wikipedia: "She was a part of the social and moral reform movements prevalent in Western Canada in the early 1900s. In 1927, McClung and four other women: Henrietta Muir Edwards, Emily Murphy, Louise McKinney and Irene Parlby, who together came to be known as "The Famous Five" (also called "The Valiant Five"), launched the "Persons Case," contending that women could be "qualified persons" eligible to sit in the Senate. The Supreme Court of Canada ruled that current law did not recognize them as such. However, the case was won upon appeal to the Judicial Committee of the British Privy Council—the court of last resort for Canada at that time."

If Nellie McClung is indeed chosen to be the face of one of the banknotes of the next series it will actually be a return for her. She was also featured on the back of the 50-dollar note from the previous series together with the other members of The Famous Five (see below) which was issued in 2004.

The new note from the next series will be issued in 2018.

source - banknoteworld.com

Steven Thursday 19 May 2016 at 10:30 am | | news | No comments
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Honduras: coins for low denomination banknotes?

The Central Bank of Honduras is examining the possibility of replacing the denominations of 1-, 2- and 5-lempiras notes with coins.

Because the buying power of the lempiras has worsened, more and more higher denominations are being used. The existing coins of 1-, 2-, 5-, 10-, 20- and 50-cents are almost worthless. While at the same time the cost of maintaing the lower denominations has increased. Coins have a longer life and don't have to be replaced as often as banknotes. Also the cost of minting is lower than the printing of banknotes.

The final decision will be made in 2017 when a new series of banknotes and coins will be issued.

Steven Wednesday 18 May 2016 at 2:14 pm | | news | No comments
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New Zealand issues last three notes of Series 7

The The Reserve Bank of New Zealand has issued the new 20-, 50- and 100-dollar notes to the public today. This means all of the new banknotes from Series 7 have now been issued since the 5- and 10-dollar notes had already been issued in October of last year.

The new 5-dollar note was recently crowned as the IBNS Banknote of the Year 2015. My guess is that at least one of these last three notes will also be on the shortlist for the Banknote of the Year 2016. 

20 dollar

50 dollar

100 dollar

Steven Monday 16 May 2016 at 10:20 am | | news | No comments
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Disney Dollars to be discontinued from 14 May 2016

Sad news from Walt Disney World: from 14 May 2016 Disney will no longer sell any new Disney Dollars and won't issue new series anymore. Disney Dollars were first issued in 1987 and were a legal means of paying for Disney stuff in Disney Parks and Stores.

Several series have been issued to the public. All existing Disney Dollars will continue to be accepted at Disney locations as they do not expire. To get a look at the series which have been issued so far, I highly recommend visiting DisneyDollars.net.

I'm glad I managed to buy a few notes during my recent visit to Disney World. Reading the comments on WDW News Today, I expect the few remaining notes to be sold out very quickly.

© www.disneydollars.net

Steven Friday 13 May 2016 at 09:37 am | | news | No comments
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Guyana presents commemorative 50-dollar note

The Bank of Guyana has presented its 50-dollar commemorative banknote. The new note commemorates that 50 years ago on 26 May 1966, Guyana became an independent country. The note was announced in November last year.

As you would expect of a note commemorating such an occassion, the note is filled with national symbols. The front of the note shows the 50th Independence Anniversary logo to the right, the crest of the Bank of Guyana in the centre and the people of Guyana standing together as one on the left. The reverse side of the note portrays the national flag and the map of Guyana in the centre, peace doves on the right and the national flower (Victoria amazonica or giant waterlily) on the left.

As for security features: on the right hand side on the front is a windowed security thread which, when held up to the light, shows a complete thread. On the left of the note there is a watermark of a Macaw and the value of the note will be seen when the note is held up to the light.

There is no set date yet when the note will be issued to the public but I expect it in the next couple of weeks since the independence date is 26 May. I think this note looks very nice!

Steven Friday 13 May 2016 at 09:20 am | | news | No comments
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Lunar New Year brings new Macau banknotes

Macau has authorised both the Banco Nacional Ultramarino and the Bank of China to issue commemorative notes of 10 petacas celebrating the Lunar New Year from 2012 to 2023. This year the Monkey swings to us and in 2017 it's the Rooster's turn to crow (sorry, couldn't help myself...). Both notes have been issued at the same time just as last time with the Horse and the Goat.

The design of the new notes is pretty much the same as in previous years (2012: Dragon, 2013: Snake, 2014: Horse, 2015: Goat) but now with a pretty picture of a little monkey and a rooster on the front and back.

Is anyone else guessing that in 2023 we'll see a beautiful (and very expensive) numismatic product with all commemorative notes somehow combined into one frame or book or something? My bet would be some sort of zodiac design with the different notes in a circle around the flag of Macau.

Banco Nacional Ultramarino



Bank of China


Steven Wednesday 11 May 2016 at 09:28 am | | news | No comments

Bolivia issues tender for new banknote family

The Banco Central de Bolivia has issued a tender for the printing of a new series of banknotes which will be issued to the public from 2018. The new series will feature new images on the banknotes. There will also be a new denomination: the 500-bolivianos note. 

The design of the new notes will be as follows:

Update 13 May 2016: some more characteristics of the new 500-bolivianos note:

Update 5-1-2018: The new notes will be issued from April 2018.

Steven Friday 06 May 2016 at 9:38 pm | | news | No comments
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Zimbabwe to reintroduce its own currency

The Reserve Bank of Zimbabwe has announced on 4 May 2016 that it will once again start issuing its own banknotes. Zimbabwe discarded the Zimbabwean dollar in June of 2015 since it became worthless after hyperinflation crippled the economy. The US dollar is the main currency used in Zimbabwe these days.

But now the country also has to deal with cash shortages. To solve this problem, the Reserve Bank has plans to introduce new banknotes. The so-called Zimbabwe Bond Notes will come in denominations of $2, $5, $10 and $20. The new notes will be used side-by-side with the US dollar. 

Furthermore there will be a limit for daily cash withdrawals from banks to $1,000. Also the amount of cash individuals can take out of the country will be slashed. Bank governor John Mangudya has said the notes will come into circulation within weeks. The first reactions however are not very positive as a lot of people don't trust the new currency which brings back memories of the days of worthless billion-dollar banknotes.

Steven Friday 06 May 2016 at 8:57 pm | | news | No comments
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500-euro note discontinued after 2018

Not completely unexpected the European Central Bank has announced that the 500-euro note won't be printed and issued anymore from the end of 2018. From the website:

"Today the Governing Council of the European Central Bank (ECB) concluded a review of the denominational structure of the Europa series. It has decided to permanently stop producing the €500 banknote and to exclude it from the Europa series, taking into account concerns that this banknote could facilitate illicit activities. The issuance of the €500 will be stopped around the end of 2018, when the €100 and €200 banknotes of the Europa series are planned to be introduced. The other denominations – from €5 to €200 – will remain in place.

In view of the international role of the euro and the widespread trust in its banknotes, the €500 will remain legal tender and can therefore continue to be used as a means of payment and store of value. The Eurosystem, which comprises the ECB and the euro area national central banks, will take steps to ensure that the remaining denominations are available in sufficient quantities.

The €500 banknote, like the other denominations of euro banknotes, will always retain its value and can be exchanged at the national central banks of the Eurosystem for an unlimited period of time."

Steven Friday 06 May 2016 at 8:49 pm | | news | No comments
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'Banknoteable' women for next Canadian banknote

The Bank of Canada has publicized a long-list of 12 Canadian women who could end up on the banknotes of the next series. The first new note of the new series is expected in 2018. The list of 'banknoteable' women comes after a public uproar following the current series where no women besides Queen Elizabeth II were present anymore on the notes. 

To be considered for the new banknote the nominee had to be a Canadian woman, either by birth or naturalization, who demonstrated outstanding leadership, achievement or distinction in any field. The nominees could not be fictional characters, and must have died prior to 15 April 1991. 

The list of 12 women will be shortened to the final three before being given to the Canadian finance minister for a final decision. 

The women (as summarized by CBC.ca): 

  • Pitseolak Ashoona (c. 1904-1983): An Inuit artist with an international reputation. She is recognized for establishing a modern Inuit art form that incorporated traditional knowledge. 
  • Emily Carr (1871-1945): A famous artist and writer noted for her landscapes of the Pacific coast. 
  • Thérèse Casgrain (1896-1981): An activist and politician who led the women's suffrage movement in Quebec and became the first female leader of a political party.
  • Viola Desmond (1914-1965):  A black businesswoman from Nova Scotia who famously challenged racial segregation at a film theatre in her home province. 
  • Lotta Hitschmanova (1909-1990): A Canadian humanitarian who helped to found the Unitarian Service Committee of Canada which helped to send aid to Europe during the war. 
  • E. Pauline Johnson (1861-1913): A poet and writer whose performances reflect both English and Mohawk traditions and who is recognized as helping to shape Canadian literature.
  • Elizabeth (Elsie) MacGill (1905-1980): The world's first female aircraft designer. She worked as an aeronautical engineer during the Second World War. 
  • Nellie McClung (1873-1951): A political activist, teacher, social reformer and politician . She was a leader of the womens' suffrage movement and one of the famous five women who petitioned Britain to have Canadian women declared to be "persons."
  • Lucy Maud Montgomery (1874-1942):  Canadian author best known as the author of Anne of Green Gables. 
  • Fanny (Bobbie) Rosenfeld (1905-1969): An Olympian who won gold in the relay race and silver in the 100 metre dash at the 1928 summer Olympics.
  • Gabrielle Roy (1909-1983): French Canadian author famous for The Tin Flute. 
  • Idola Saint-Jean (1880-1945): A Quebec journalist, educator and feminist who fought for the women's vote in Quebec.

Steven Monday 02 May 2016 at 6:53 pm | | news | No comments
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