NEWS

Hungary: New 2000 and 5000 forint notes entered circulation from 1 March 2017

Source: Magyar Nemzeti Bank From 1 March 2017, new, upgraded 2000 and 5000 forint banknotes are available for consumers to do their day-to-day shopping. In addition to an upgraded design, the new banknotes also incorporate more advanced security features. The 2000 and 5000 forint banknotes currently in circulation, issued before 2016, will be accepted in retail transactions until 31 July 2017. After that date, the MNB will withdraw them,...

Reserve Bank reveals new design for Australia’s $10 note

Source:  Reserve Bank of Australia  Media Release 17 February 2017 The design of Australia’s new $10 banknote has been revealed. “The $10 banknote celebrates two famous Australian writers, Dame Mary Gilmore and AB ‘Banjo’ Paterson,” says Reserve Bank of Australia Governor, Philip Lowe “Their work is recognised in several design elements on the banknote, including images of a pen nib in two of the clear windows and excerpts of their...

Polish National Bank to complete series with the new 500-zloty note

Source: NBP,  Radio Poland News February 10, 2017: A new 500-zloty note enters circulation today. The banknote completes the “Rulers of Poland” series with a profile portrait of King Jan III Sobieski, who reigned from 1674 to 1696. The back has Poland’s coat of arms with the imperial eagle and one of the country’s most important monuments, the Wilanow Palace in Warsaw. This concludes a bank note redesign that began...

MEXICO: 100-PESO BANKNOTE COMMEMORATING THE 100TH ANNIVERSARY OF THE ENACTMENT OF THE CONSTITUTION

Source: Banco de Mexico The Banco de Mexico issued  a new commemorative note of 100-pesos to celebrate the Centennial of the Constitution. The date of issue is 5 February 2017. The banknote’s predominant colors are red and yellow. Obverse: The main motive is the solemn act in which Venustiano Carranza, Mexico’s president at the time, next to the chairman of Congress at the time, Luis Manuel Rojas, is sworn in before the...

New 200 and 2000 ruble banknotes get their symbols

Source: Bank of Russia Press Service Press Release: 1 February 2017 The Bank of Russia Board of Directors approved the design of 200 and 2000 ruble banknotes. The 200 ruble banknote will feature the symbols of Sevastopol – the Monument to the Sunken Ships and the view of Chersonesus, and the 2000 ruble banknote will bear images of famous Far Eastern sites – the bridge to Russky Island and...

Bank of Israel announces 20-new and 100-new shekel notes to be issued 2017

Source: Bank of Israel – Press Release January 31, 2017 Leading up to the entry into circulation of the new NIS 20 and NIS 100 banknotes, the Bank of Israel is progressing in the preparations necessary for completing the replacement of the series.  It is worth noting that since the issue of the new NIS 200 banknote in December 2015, more than half of the banknotes of that denomination have...

KRW 2,000 notes to commemorate PyeongChang Olympic Games

Source: Korea Net The Bank of Korea will issue 2.8 million sets of commemorative KRW 2,000 bills by the end of 2017, to promote the upcoming sporting event – Winter Olympic Games. South Korea is the host country of the 2018 Winter Olympics Games which will take place in PyeongChang, some 180 kilometers east of Seoul in Gangwon Province, and other venues in the country, from Feb. 9 to...

Venezuela pulls 100-bolivar note from circulation to ‘beat mafia’

Source: BBC News: 12 December 2016 The Venezuelan government has announced it will remove the country’s highest-denomination banknote from circulation within 72 hours to combat contraband. President Nicolas Maduro said the move would stop gangs hoarding the notes. The gangs held more than 300bn bolivares worth of currency, most of it in 100-bolivar notes. President Maduro said there were “entire warehouses full of 100-bolivar notes in the Cucuta,...

Venezuela’s Central Bank Announces New Banknotes and Coins

Source: Banco Central de Venezuela  (Press Release dated 7 December 2016); Venezuela Analysis Venezuela’s Central Bank (BCV) has announced that it will progressively begin to circulate nine new higher denomination notes and coins as of December 15. The new Bolivar notes will include 500, 1,000, 2,000, 5,000, 10,000 and 20,000 bills, while the new coins will be 10, 50 and 100 Bolivar denominations. Venezuela’s current highest value banknote is 100 Bolivars.

Viola Desmond has been selected to be featured on Canada’s next regularly circulating $10 bank note

Source: Bank of Canada, Press Release 8 December 2016 The selection of Viola Desmond is the final step in the campaign to choose an iconic Canadian woman to appear on this new bank note. Last spring, an open call for nominations launched by the Bank yielded more than 26,300 submissions from across Canada. A total of 461 iconic Canadian women met the initial qualifying criteria and an independent Advisory Council followed the selection process to produce a...