A Euro banknote that actually looks desirable?

A lot of countries are issuing commemorative banknotes celebrating numerous occasions. The European Central Bank (ECB) hasn't issued a single commemorative note yet and (as far as we know) has no intention to do so stating it's to expensive and doens't belong in a modern currency system. Also: any celebration of an historic occasion of a European country is bound to piss off another (neighboring) country I guess. 

But Numismag has photos of a special commemorative banknote printed by a Euro nation. After the German elections of 24 September 2017 Finance Minister Wolfgang Schäuble retired at the age of 75 from politics and government. Out of the many gifts offered to him by the various European Banks and governments, the gift from the National Bank of Slovakia stands out.

It is a commemorative (fantasy) banknote of 100 euro with the face of Wolfgang Schäuble on the front. The note has been specially printed for the National Bank of Slovakia possibly by the Bundesdruckrei, the German central bank printing works. This gift was presented in the form of a bundle of several banknotes, in a box.

I really hope the ECB will one day reconsider its position on commemorative banknotes because if this can be the result, I can still dream of one day having an actual attractive looking Euro banknote in my pocket. 

© www.numismag.com

© www.numismag.com

Steven | Friday 12 January 2018 at 4:03 pm | | news | No comments

Cabo Verde retires two banknotes

The Central Bank of Cape Verde has issued a press release stating the banknotes of 200 escudos dated 2005 and 2,000 escudos dated 1999 will be withdrawn from circulation from 17 November 2017.

The notes can be redeemed at the main office until 16 November 2027.


Steven | Tuesday 09 January 2018 at 1:50 pm | | news | No comments
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Scottish 10-pound notes auctioned for a lot of money

The Bank of Scotland issued a new 10-pound note in the Autumn of 2017. The note featured a portrait of the Scottish novelist and poet, Sir Walter Scott on the front together with an image of The Mound, the historic head office of the Bank of Scotland. The back of the note shows the Glenfinnan Viaduct (even more famous after it was pictured in the Harry Potter movies) with a steam locomotive hauling a heritage tourist train. The locomotive is a preserved Stanier "Black 5", which was designed for the London, Midland and Scottish railway and is often seen on the West Highland line.

From Banknotenews.com: "On 1 December 2017, Spink concluded an auction of new Bank of Scotland 10-pound notes to raise money for the charity Mental Health UK. There were two notes with special 8-character serial numbers chosen by the winning bidders, plus 36 other notes with prefixes and serial numbers designed to appeal to railroad enthusiasts. 18 notes each with BR (British Railway) and LMS (London Midland Scotland) prefixes were sold with serial numbers corresponding to the number on each of the Stanier Black 5 locomotives in preservation today. The LMS notes also feature an overprinted “totem” sign at upper left back corresponding to a station: Ardlui, Arrochar And Tarbet, Banavie, Bridge Of Orchy, Corrour, Crianlarich Upper, Fort William, Garelochhead, Glenfinnan, Helensburgh-Upper, Lochailort, Locheilside, Morar, Rannoch, Roy Bridge, Spean Bridge, Tulloch, and Tyndrum Upper."

The notes sold for prices ranging from 250 to nearly 4,000 pound. The auction was interesting for collectors of banknotes and for train enthusiasts.

It was especially interesting if you want to spend a lot of money on a note with an arbitrary serial number. But that may just be me talking as I don't share the same enthusiasm for 'special' serial numbers as some collectors do.




Steven | Tuesday 09 January 2018 at 1:23 pm | | news | No comments

Ukraine issues commemorative souvenir note

As announced in November 2017 the National Bank of Ukraine has issued a souvenir commemoratove banknote. Souvenir indeed because it's not legal tender. The banknote commemorates the 100th Anniversary of the Ukrainian Revolution of 1917 and the first Ukrainian banknote. It's a reproduction of the first Ukrainian note of 100 karvobanetz and measures 170 x 80mm.

Images from banknotenews.com.

Steven | Sunday 07 January 2018 at 5:23 pm | | news | No comments
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Solomon Islands introduce first gold coin note

The Central Bank of the Solomon Islands (CBSI) has introduced the world’s first ever legal tender gold coin note. This extremely thin coin note is produced in 0.5g fine .999 gold and is measured at 90 x 43 mm. The making of this gold coin note renders the product as very delicate in appearance. This project involves CBSI and the World Coin Association and MDM Group, a company based in Germany who have been in the numismatic business for more than 100 years.

Each coin note is professionally packed and set in a protective clear square capsule. At the moment the maximum mintage is limited to 20,000 pieces only. In terms of the design, on the back of the note, the effigy of Queen Elizabeth II is depicted in profile and is framed by graphic elements. The front of the note features symbols of the most important world currencies, rotating around planet Earth. In the background, symbols of the financial world are displayed. The note can be purchased for an estimated $20 from the CBSI.

Now the important question which has been a topic on the IBNS forum: could this be considered a real banknote or should this 'note' be seen as a purely numismatic product? I'm leaning towards the latter (certainly after reading the press release carefully) but that doesn't mean one should avoid this gold piece. I personally will pass on it but if you like it: go for it. 

Steven | Sunday 07 January 2018 at 5:07 pm | | news | No comments

Two fantasy additions to the current Madagascar series

Last year Madagascar introduced a new series of banknotes. The highest denomination is the 20,000-ariary at this moment.

But if they ever have to issue higher denominations, perhaps they can use these fantasy notes Jérémy Pureur has created. They would fit perfectly in the current series. Impressive work!

© Jérémy Pureur

© Jérémy Pureur

Steven | Sunday 07 January 2018 at 4:50 pm | | news | No comments
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South Korea issues Olympic banknote

The Bank of Korea announced in May of this year that in commemoration of the Winter Olympics 2018 which will be held in Pyeongchang from 9 - 25 February 2018 a special banknote would be issued. South Korea follows in the footsteps of China and Russia who also issued special commemorative banknotes celebrating their Olympic games of 2008 and 2014.

"The commemorative note is 140 millimeters wide and 75 millimeters long. The front of the note will feature athletes engaging in seven of the key winter sports events -- speed skating, ski jumping, ice hockey, curling, biathlon, bobsleigh and luge. The other side portrays a tiger and a pine tree, both believed to symbolize the nation, as in the famous “Songhamaenghodo(...)” painting by a leading painter from the Joseon-era, Kim Hong-do (1745-1806 (...)), who went by the pen name Danwon (...)."

The note was introduced from 11 December 2017 when the Bank of Korea issued 2.8 million 2,000-won notes. The notes are not intended for circulation so individual notes were packaged in a folder and sold for 8,000 won each. The bank also sold uncut pairs and sheets of 24 notes. As one might expect: they were sold out very quick but can be found online, for instance on eBay.

Steven | Friday 05 January 2018 at 2:08 pm | | news | No comments

Algeria replaces all circulating banknotes in 2018

The Banque d'Algérie has announced that by the end of 2018 all currently circulating banknotes will be replaced by a whole new series. 

The new notes will have no pictures of animals and will be printed on a better (probably hybrid) substrate and have advanced security features. This measure will allow the authorities to recover the money supply in the informal market, which is the cause of the lack of liquidity in the banks, which has forced the authorities to switch to non-conventional financing.

The government plans to replace current notes in a gradual fashion, issuing first the denominations of 200 and 500 dinars. If no problems arise, it will continue with the notes of 1,000 and 2,000 dinars before the end of 2018.

the tickets currently in circulation will be withdrawn and replaced at the end of the year 2018. According to Ennahar, there will be no pictures of the animals on the new, this would even be the reason for the withdrawal of the current tickets.

This measure, decided by Ahmed Ouyahia's executive, will allow the authorities to recover the money supply in the informal market, which is the cause of the lack of liquidity in the banks, which has forced the authorities to switch to non-conventional financing.

Steven | Friday 05 January 2018 at 1:49 pm | | news | No comments
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Romania modifies the coat of arms on new banknotes

The Banca Nationala a Romaniei will issue new banknotes and coins with a modified coat of arms. In the new coat of arms the eagle will be crowned.

The new notes are dated 1 January 2018 and will also be issued from that date at the moment new notes are necessary. Older notes will co-circulate.

The rest of the design as well as the security features will stay the same. 

Steven | Friday 05 January 2018 at 1:18 pm | | news | No comments
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Tunisia issues new 20-dinar note

The Central Bank of Tunisia has issue its new banknote of 20 dinar. Noureddine Taboubi, General Secretary of the Tunisian General Labour Union, announced the new 20-dinar banknote last month.

The new note measures 153 mm x 76 mm. The front shows the portrait of trade union leader Farhat Hached, who was assassinated in 1952 by the terrorist group "La Main Rouge". This organization was operated by the foreign Department of the French External Documentation and Counter-Espionage Service. 

The back of the note shows a partial view of the amphitheatre of El Jem, in the center a panoramic view of this monument and below, in the foreground, a Corinthian capital of the same monument. More info on all the security features can be found here

Steven | Friday 05 January 2018 at 12:44 pm | | news | No comments
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Sri Lanka is printing commemorative notes

The Central Bank of Sri Lanka will issue special commemorative notes this year. From the Daily Mirror in Sri Lanka:

"Several denominations of new currency notes are to be issued to mark the 70th anniversary of Sri Lanka’s independence next year, Prime Minister Ranil Wickremesinghe said yesterday.

Prime Minister Wickremesinghe revealed this during his visit to De La Rue Lanka Currency and Security Print (Private Ltd) in Biyagama yesterday. The company holds the rights to print currency for the Government of Sri Lanka as well as several foreign governments.

"You were denied access to the premises of this company because several new bank notes that are to be issued to mark the 70th anniversary of Sri Lanka’s independence are being printed here.""

Sri Lanka's Independence Day is celebrated on 4 February 2018 so perhaps we will see the new notes very soon. 

Steven | Friday 05 January 2018 at 12:24 pm | | news | No comments
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Jamaica issues notes printed by Oberthur Fiduciaire

The Bank of Jamaica has issued new notes of 500 and 1,000-dollar dated 2017 which have been printed by Oberthur Fiduciaire.

There will be no 5,000-dollar notes dated 2017.


Steven | Friday 05 January 2018 at 12:18 pm | | news | No comments
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