Kazakhstan 1,000-tenge note named IBNS Bank Note of the Year 2013
May 21, 2014 06:44 AM Category: Central Asia
The International Bank Note Society (IBNS) announces that its voting membership has again selected the National Bank of Kazakhstan to receive its prestigious “Bank Note of the Year” Award for 2013. Facing stiff competition as always from the nearly 50 newly designed banknotes released worldwide in 2013, the 1000 Tenge denomination Kazakhstan note was followed in the closest voting ever by the Canada 10 Dollar and Fiji 5 Dollar currency bills.
Now in its 53rd year, the IBNS has over 2000 members worldwide. As a nonprofit educational organization its objectives are to promote, stimulate and advance the study, collection and dissemination of information related to paper money. From all significantly newly designed and widely circulated banknotes released in 2013, the IBNS membership nominated notes from 12 different countries to place on the ballot. Nominees represented four continents and ranged from Europe, Central Asia, Africa, the Middle East, North America, South America and four island nations. Past “Bank Note of the Year” winners include Kazakhstan (2012 & 2011), Uganda (2010), Bermuda (2009), Samoa (2008), Scotland (2007), Comoros (2006), Faeroe Islands (2005) and Canada (2004).
The 2013 winning banknote was produced collaboratively by the Banknote Factory of the National Bank of Kazakhstan and De La Rue Currency of England. The 1000 Tenge bill has a face value of approximately 5.5 U.S. dollars or 4 euros or 3.3 British pounds at early May 2014 exchange rates. The note was issued December 12, 2013. Smaller than U.S. dollar bills, its size of 134 x 70 mm is almost identical to the British 5 pound and European Union 20 euro notes.
The stunning design, predominantly in warm hues of yellow, brown and gold is dedicated to “Kultegin - the Monument of the Turkic Runic Writing,” whose effigy appears on the vertical format face of the note along with the modern “Kazak Eli” monument. The horizontal format reverse side highlights petroglyphic drawings of Turkic warriors against a background monument to Turkic writing. A full color image of this and other nominated banknotes are on the IBNS website.
The IBNS is open to membership from interested persons in any country. Details concerning all IBNS activities are available at www.theibns.org.