Namibia bank official discusses new banknotes due next week
According to an interview in AllAfrica dated 14 March 2012, the Bank of Namibia is set to unveil a new series of banknotes on 21 March 2012 and issue them in May. Ndangi Katoma, the bank’s director of strategic communication, discusses the history of Namibia’s banknotes and the decision toRead More…
Malawi new note family with 1,000-kwacha denomination reported for introduction in July 2012
, According to an article on Nyasa Times dated 9 March 2012, within the next six months the Reserve Bank of Malawi will introduce a whole new series of notes, including a 1,000-kwacha (US$6) note, twice the largest denomination currently in circulation. The notes were announced in Biantyre on 8Read More…
Somalia’s Puntland region plans to introduce six new banknotes soon
According to an article in SomaliaReport dated 9 March 2012, Farah Ali Shire, minister for finance for Somalia’s semi-autonomous region of Puntland, announced that they will print new and various denominations of hte Somali shilling to replace the current single 1,000-shilling note. The new notes will be used in PuntlandRead More…
China not planning larger denomination notes
According to an article in People’s Daily Online dated 12 March 2012, Hu Xiaolian, deputy governor of the People’s Bank of China, said that the central bank is not planning to issue larger denomination banknotes in the short term. “We have noticed public complaints of inconvenience in bigger transactions…but weRead More…
Bangladesh new 50-taka note withdrawn due to error
According to an article in Banglanews24 dated 7 March 2012, Bangladesh Bank has withdrawn the new 50-taka (US$0.60) note after a spelling mistake of Shilpacharya Zainul Abedin was identified on the back of the note. The note had just been introduced earlier in the day on 7 March, so it’sRead More…
Namibia to unveil new note family on 21.03.2012
According to a press release dated 10 May 2010 [sic], the Bank of Namibia has announced that it will issue new banknotes sometime after 21 March 2012. The new family will have the same denomination structure as the current series: 10, 20, 50, 100, and 200 dollars. All denominations willRead More…
Sudan new 20-pound variety reported
, 20 pounds (US$8.95), JUNE 2011. Like CBS B10/PNL, but 2-mm wide windowed security thread on front of the note. Curiously, all denominations of the new designs issued on 24 July 2011 had the windowed thread on the back, apparently to help distinguish them from the preceding issues. However, itRead More…
Sierra Leone to print notes to alleviate cash shortage
According to an article in Sierra Express Media dated 9 March 2012, the government of Sierra Leone will soon print new banknotes to address the “serious shortage of currency in the country” which is “a result of the intensive economy activities of mining companies that were not taken into considerationRead More…
England considering polymer notes
CentralBanking.com has an interesting video on its web site interviewing Chris Salmon, the chief cashier at the Bank of England, discussing various matters related to the new 50-pound (US$78) note, as well as confirming that the BoE is examining polymer substrates for possible use in the future. Courtesy of ThomasRead More…
Hungary turns cash to ash
According to an article on BBC dated 8 March 2012, Magyar Nemzeti Bank (Central Bank of Hungary) has come up with a unqiue way of getting rid of old banknotes. It compresses shredded notes into blocks containing $20,000 worth of old forint notes, then gives the blocks to charities toRead More…