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Norway to outsource note printing in 2007

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According to a November 28, 2006, article in the Norway Post, the Norges Bank will cease printing Norwegian banknotes in 2007. Central Bank director Harald Boehn says the bank is unable to produce notes as economically as printers abroad.

Norges Bank has entered into agreements for the delivery of notes with
De La Rue in the UK and Francois-Charles Oberthur Fiduciaire in France. The contracts apply for the period 2007 – 2012. The first deliveries will probably be made in 2008.

Norges Bank expects to save in the order of NOK 10 million annually during the contract period. An expert on economic history, professor Francis Sejersted, questioned the decision to save “small sums” instead of continuing the tradition of producing the national symbols domestically.

In related news, security printer
De La Rue announced interim pretax profits were up 59% on the strength of “exceptional” bank note printing volumes. DLR is involved in printing notes for 150 countries. For an excellent examination of how companies like De La Rue attempt to win over the business of central banks, I strongly suggest reading Moneymakers: The Secret World of Banknote Printing.

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Uruguay issues revised 200- and 500-peso notes dated 2006

The Central Bank of Uruguay is improving the security features of its current family of notes. The first two denominations in Series C, the $200 and $500, have been issued and other denominations are to follow.

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200 pesos uruguayos (US$8.25), 2006. Issued November 2006. Like Pick 77, but new date, series C, and new security features, including Pedro Figari as watermark with denomination spelled out in script, iridescent stripe with $200 repeating, and latent image of Artigas, BCU, and 200 in upper right.

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500 pesos uruguayos (US$20.60), 2006. Issued November 2006. Like Pick 82, but new date, series C, and new security features, including Alfredo Vaquez Acevedo as watermark with denomination spelled out in script, iridescent stripe with $500 repeating, and latent image of Artigas, BCU, and 500 in upper right.

Special thanks to Cleophas Elmakias Schockemohle for bringing this to my attention.

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Ghana new date (2006) 20,000-cedi note reported

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The Bank of Ghana has released a 20,000-cedis (US$2.10) note dated 4th August 2006. It appears to be identical to Pick 36, except for the new date. The previously cataloged dates are 2nd September 2002 and 4th August 2003.

Images courtesy of Marcel Goudbeek (IBNS member 9246).

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Bhutan issues new family of notes dated 2006

On November 20, 2006, The Royal Monetary Authority of Bhutan released its new “Series 2006” of redesigned notes.

The notes are printed by
De La Rue in the UK on cotton paper. There is  intaglio microlettering in the line running horizontally parallel to the name of the issuing authority on the front of the note in Dzongkha and in English on the back.

The new series also has high relief marks to help blind people feel and recognize different denominations, and they feature a double coating of varnish to improve durability and prevent soiling and counterfeiting.

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P27: 1 ngultrum (US$0.02), 2006. Issued November 20, 2006. Blue, red, and green. Dragons. Simtokha Dzong on back. Printer: De La Rue.

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P28: 5 ngultrum (US$0.11), 2006. Issued November 20, 2006. Yellow, brown, and red. Birds. Solid security thread. Taktsang on back. Printer: De La Rue.

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P30: 20 ngultrum (US$0.45), 2006. Issued November 20, 2006. Yellow and green. Jigme Singye Wangchuck. Solid security thread, wmk. Punakha Dzong on back. Printer: De La Rue.


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P33: 500 ngultrum ($11.35), 2006. Issued November 20, 2006. Pink, orange, and green. King Jigme Singye Wangchuk. Windowed security thread, wmk. Punakha Dzong on back. Printer: De La Rue.

Images courtesy of Phub Dorji and Gylfi Snorrason.

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Colombia issues smaller 1,000- and 2,000-peso notes dated 2005

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1,000 pesos (US$0.45), 1° de noviembre de 2005. Issued November 17, 2006. Like Pick 450, but new date, new signatures (unknown, Gerente General; unknown, Gerente Ejecutivo), and smaller size. 130 x 65 mm.

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2,000 pesos (US$0.90), 7 de marzo de 2005. Issued November 17, 2006. Like Pick 451, but new date, new signatures (unknown, Gerente General; unknown, Gerente Ejecutivo), and smaller size. 130 x 65 mm.

Images courtesy of
Banco de la República Colombia.

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Canada issues $5 note dated 2006 with upgraded security features

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5 dollars, 2006. Issued November 15, 2006. Like Pick 101, but new date, new signatures (P. Jenkins, Senior Deputy Governor; and D.A. Dodge, Governor), and additional security features, including metallic holographic stripe, a watermark portrait, a windowed color-shifting security thread, a registration device, and enhanced fluorescence under UV light. Gone are the iridescent maple leaves and latent image of the denomination that appear on Pick 101. To increase its durability, the upgraded $5 note is printed on a slightly heavier paper and is coated with a protective varnish.

Additional information can be found on the
Bank of Canada web site and in this official press release from April 4, 2006.

Images courtesy of
Dennis Lane.

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Mexico to issue new polymer 50-peso note

The Bank of Mexico plans to issue a new family of banknotes designed primarily to improve security and ease identification by the blind through the use of different tactile marks and varying sizes for each denomination. The first note of this new series is the $50 (US$4.60), details of which were revealed today as follows.

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50 peso, 5 Nov. 2004. Issued November 21, 2006. Series A. Signatures: Guillermo Ortiz Martinez, Junta de Gobierno; Maria Elvira Herendira Hernandez Barba, Cajero Principal.
José María Morelos as portrait and watermark, color-shifting butterfly, microtext, security thread, map of Mexico as registration device, and see-through window with embossed denomination. Aqueduct in Morelia, Michoacán on back, along with orange Monarch butterflies that fluoresce yellow under UV light. Polymer. 127 x 66 mm.

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50 peso, 7 Sept. 2005. Issued November 21, 2006. Like above, but series B, new date, and new signatures (Guillermo Güemez Garcia, Junta de Gobierno; Raul Valdes Ramons, Cajero Principal). Polymer.

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50 peso, 7 Sept. 2005. Series C. Signatures: Everardo Elizondo Almaguer, Junta de Gobierno; Raul Valdes Ramons, Cajero Principal.

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50 peso, 7 Sept. 2005. Issued November 21, 2006. Like above, but series D, new date, and new signatures (Jose Julian Sidaoui Dib, Junta de Gobierno; Raul Valdes Ramons, Cajero Principal). Polymer.

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Faux watermark that appears on all notes to right of portrait.

Images courtesy of
Thomas Krause.

Neither information nor images from this site may be reproduced without permission.


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Kazakhstan issues new note series

Today the National Bank of Kazakhstan began issuing a new series of notes. This completely redesigned series share similar design elements on front (vertical format) and back (horizontal), distinguished primarily by different color schemes and printed denominations. The previous series (Pick 20 - 27) featuring a portrait of Al-Farabi will circulate in parallel with the new series for a period of one year.

The front of each note features the Astan-Baiterek monument in center, with a fragment of printed music of the national anthem overprinted with the numerical denomination. National emblem at left, along with an opened palm, and flag at right. The back of each note features a different main image within the outline of Kazakhstan’s boundaries.

The following security features appear on all notes: watermark, metallic windowed security thread, registration device, intaglio printing, OVI, microprinting, fluorescent serial numbers, iridescent ink, latent image of denomination, and pink fibers that fluoresce red under UV light.

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200 tenge, 2006. Orange and green on m/c unpt. Transport and Communication Ministry building and a winged statue on the bridge over the river Ishim in the capital Astana in foreground, the Ministry of Defense building and steppe in background on back. 126 x 64 mm.

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500 tenge, 2006. Blue and gray on m/c unpt. Ministry of Finance building and Astana city hall in foreground, gulls over the sea in background on back. 130 x 67 mm.

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1,000 tenge, 2006. Yellow and brown on m/c unpt. Presidential Culture Center in foreground, mesas in background on back. 134 x 70 mm.

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2,000 tenge, 2006. Green and blue on m/c unpt. Abai Opera-House in Almaty in foreground, mountain lake in background on back. 139 x 73 mm.

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5,000 tenge, 2006. Red and brown on m/c unpt. Independence Monument and Kazakhstan hotel in Almaty in foreground, mountains in background on back. 144 x 76 mm.

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10,000 tenge, 2006. Violet and blue on m/c unpt. Presidential Residence in Akorda in foreground, canyons in background on back. 149 x 79 mm.

All notes have the same watermark of a leopard head, along with electrotype denomination and different animals (such as the camel shown here).

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Images courtesy of Olexandr Danishenko and Eduard Han.

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Scottish Clydesdale Bank new date (2006) £10 note reported

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The (Scottish) Clydesdale Bank has issued a new £10 dated 14th March 2006, signed David Thornburn, Chief Operating Officer. At first glance it appears to be just a new date variety, but it is actually a new plate. Close examination reveals that the bank logo at center on the front has been redesigned with a much larger CB (compare detail above from Pick 226e at left with new note at right).

Images and information courtesy of John Martin (IBNS member 6727).

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Royal Bank of Scotland new date (2005) £5 note reported

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The Royal Bank of Scotland has issued a new £5 dated 20th January 2005. The signature of the group chief executive remains that of Fred Goodwin, as on Pick 352d dated 27.6.2000.

Images and information courtesy of John Martin (IBNS member 6727).

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Peru issues revised 10-nuevos soles note dated 2005

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On November 14, 2006, the Banco Central de Reserva del Perú issued a revised 10-nuevos soles (US$3.10) note dated 11 de Agosto de 2005. Like Pick 166, but new date, new signatures, and new security features: vertical denomination 10 at right in fuschia-to-green OVI, and old color-changing hexagonal planchettes replaced by iridescent stripe with 10 and BCRP repeating to left of portrait of José Abelardo Quiñones Gonzales.

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Ireland’s Ulster Bank accepting orders for George Best £5 note

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As of today, Northern Ireland’s Ulster Bank is now accepting orders for a limited edition £5 (US$8) note featuring legendary football (soccer) star George Best. The bank plans to issue one million commemorative notes to coincide with the first anniversary of the death of the celebrated Northern Irishman and Manchester United star at age 59 due to multiple organ failure following decades of alcohol abuse.

Today the first note — with the serial number 0000001 — was presented to the soccer legend’s sister, Barbara McNarry, and the last — numbered 1,000,000 — was given to his father, Dickie Best. An unknown quantity of other notes (more than 12, less than 100) with serial numbers significant to George’s career have been given to the George Best Foundation for auction.
Application forms are now available from Ulster Bank branches in Northern Ireland & Republic of Ireland or online from this web site. The commemorative notes will be available for purchase at any Ulster Bank branch in Northern Ireland starting November 27.

More information can be found in this
article from U TV Live.

Images courtesy of Frank van Tiel.

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Egypt to issue 200- and 500-pound notes in 2007

According to a November 13, 2006, article in The Daily Star, Farouq Al-Oqda, chairman of the Central Bank of Egypt, said during the recent Annual Arab Banking Conference 2006 held in Beirut that a 200-pound bank note will be issued in March 2007 and another 500-pound note will accompany July 23rd celebrations. Low-value notes like the 5- and 10-piaster have almost been informally abolished. “The state didn’t directly cause these little banknotes to diminish; but people’s attitudes did. For example, we always neglect the 5 piaster change as if it is no longer of any value,” explains Dr Hoda Zakaria, professor of political sociology at Zaqaziq University.

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New variety of Somalia 1,000-shilling note reported

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A new variety of Somalia’s 1,000 shilling-note dated 1996 has been reported (above, top). This new notes differs from the previously reported Pick 37a (above, bottom) and 37b in that it uses different font for the serial numbers.

Furthermore, please note the most recent
Standard Catalog of World Paper Money, Volume III, 12th edition fails to mention that the left-hand signature of the bank chairman on Pick 37a (1990) differs from that on Pick 37b (1996).

For a detailed examination of all the signature varieties and different fonts used on Somali currency, visit Peter Symes’ excellent
Reference Site for Islamic Banknotes.

Images courtesy of Jose Manuel Peso (IBNS member 8180).

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New varieties of Kenya 50-shilling note (Pick 41) reported

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The most recent Standard Catalog of World Paper Money, Volume III, 12th edition, lists four dates of Kenya’s 50 shilling-note as Pick 41a. However, significant differences have been discovered in this and other recent denominations from Kenya.

The note dated 2nd February 2004 (above, top) has a windowed security thread that is wider than the one on the note dated 1st April 2003 (above, bottom), and this thread appears further to the right. Furthermore, the 2nd February 2004 note also has the denomination “50” visible in the watermark area under normal reflected light. This electrotype watermark appears on all subsequent date varieties (2nd August 2004, 1st June 2005, and 1st April 2006), all of which have a signature combination that differs from that which appears on the first two date varieties (the Governor is the same; only the Member signatory differs).

It has been reported that all Kenyan notes from 2004 onwards have the denomination as numeral in the watermark area. It is also reported that all Kenyan notes from 2005 onwards have watermarks of stripes in all four corners. If confirmed,
De La Rue is the likely printer because Cornerstone watermarks are a DLR trademark.

Malawi’s 20- and 200-kwacha notes dated 2004 were given new Pick numbers due to the addition of the denomination to the watermark. If the same standard applies to Kenya, the notes dated 2004 onwards deserve their own Pick numbers, too.

Images courtesy of Jose Manuel Peso (IBNS member 8180).

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Zimbabwe issues new variety bearer cheques

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Collector Steve Milner (IBNS member 8137) has discovered a new variety in the Zimbabwe $10,000 note dated 1st August 2006 that differs slightly from the first release with AA serial number prefix (above, bottom). The new AB prefix variety has a space between “10” and “000” in the denominations printed in all four corners (above, top).

Also Steve informs me that Inside IBNS No. 4/06 erroneously reported that all new bearer cheques share the same expiry date of 31st July 2007. In fact, the $100 (Pick 38) and $500 (Pick 39) expire 31 December 2007. Furthermore, the cent issues (Pick 29 - 32) have an extra 500 in the watermark whilst all the dollar issues have RBZ.

Finally, Steve writes: “I am a IBNS member from the Perth chapter. My collecting interests are southern Africa, GB, replacements, and Australia. I have attached a couple of interesting Zimbabwe $100,000 bearer cheques. One is a replacement note (ZB prefix) for the “normal” note issued 1 June 2006. The other has an issue date of 1 October 2005 and the serial AA (AB also known to exist). This issue was apparently printed but not issued until after June 2006.

“I am trying to obtain both notes and the replacement for the earlier version, which I presume exists but has not been confirmed.

“An interesting point now concerns the 1 February 2006 issue of the $50,000 bearer cheque. This issue started with the serial AC. Is there a previous issue with the serials AA and AB dated sometime in 2005?

“This an interesting conundrum for collectors of southern African notes or ‘emergency issues’ as these bearer cheques are often called. Any information from your readers will be most welcome.”

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St. Thomas & Prince issues new date (2006) note series

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The Banco Central de Sao Tomé e Príncipe has released a new series of notes denominated in 5,000, 10,000, 20,000, and 50,000 dobras. They appear identical to the current series (Pick 65 - 68, as shown above), but for a new date (26 August 2006) and new signatures of the Minister of Finance and Governor.

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Pakistan issues new 100- and 500-rupee notes

The Governor, State Bank of Pakistan, Dr. Shamshad Akhtar launched Rs. 100 and Rs. 500 new design bank notes at a ceremony held today at SBP Head Office, Karachi. The launch of these notes is part of a campaign to eliminate counterfeiting of notes in the country.

The State Bank has taken advantage of the latest technology to make these notes virtually impossible to be forged by incorporating the state-of-the-art security features that are easy to recognize but almost impossible to counterfeit.

Some of the special security features added in the new design banknotes are anti-copy and anti-scan, microlettering, a latent image of the denomination which can be seen when the note is tilted, a windowed security thread that changes colors when seen against the light, and a registration device.

The launch of these high-tech notes is also expected to revolutionize the banking business in Pakistan as these notes are equipped with machine-readable features. This will facilitate automation of handling of notes by banks and use of equipment to detect counterfeiting while processing the notes. Due to presence of special features in these notes, ATMs that can receive as well as dispense cash can now be introduced in Pakistan.

The old design Rs.100 (Pick 41) and Rs.500 (Pick 42) will remain in circulation as legal tender along with the new design notes.

With this launch, the State Bank has already introduced new design notes of Rs. 10, 20, 100, 500, and
5,000 denominations. The State Bank plans to complete its current design upgrading campaign of notes when new designs of the remaining denominations of Rs. 50 and Rs. 1,000 are introduced early in 2007.
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100 rupees (US$1.65), 2006. Issued November 10, 2006. Red, violet, and tan. Microlettering, windowed security thread, and denomination as latent image and registration device. Signature: Dr. Shamshad Akhtar, Governor. Mohammad Ali Jinnah. Quaid-e-Azam residency in Ziarat on back. Printer: Security Printing Corporation.

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500 rupees (US$8.25), 2006. Issued November 10, 2006. Teal, blue, and olive green. Microlettering, windowed security thread, and denomination as latent image and registration device. Signature: Dr. Shamshad Akhtar, Governor. Mohammad Ali Jinnah. Badshahi Mosque in Lahore on back. Printer: Security Printing Corporation.

Images courtesy of Cleophas Elmakias Schockemohle. Thanks also to Muhammad Rizwan for informing me that both of these notes are also available as specimens with all-zero serial numbers and the word “SPECIMEN” punched into the note in large letters.

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