The International Bank Note Society (IBNS) announces that its voting membership has selected the Swiss National Bank to receive its prestigious “Bank Note of the Year Award” for 2016. With almost 120 new banknotes released worldwide during 2016, over half were of sufficiently new design to be eligible for nomination. While the Swiss 50 Franc hybrid note was the narrow winner, runners-up in very tight voting were the Maldive Islands 1000 Rufiyaa tortoise/whale shark, the Argentina 500 Peso jaguar, and the Royal Bank of Scotland’s 5 Pound first polymer note.
Now in its 56th year, the IBNS has over 2000 members worldwide. As a non-profit educational organization its objectives are to promote, stimulate and advance the study, collection and dissemination of information related to paper money. From all significant newly designed and widely circulated banknotes released in 2016, the IBNS membership nominated notes from a near-record 19 countries to place on the ballot. Nominees represented four continents (Europe, Australia, South America and Asia), two Middle East countries, and four island nations.
Past “Bank Note of the Year” winners include New Zealand (2015), Trinidad & Tobago (2014), Kazakhstan (2013, 2012, 2011), Uganda (2010), Bermuda (2009), Samoa (2008), Scotland (2007), Comoros (2006), Faeroe Islands (2005) and Canada (2004).
The Switzerland 50 Franc note is the first new design the Swiss National Bank has released in 20 years. Printed by Orell Fussli Security Printing Ltd., this note from the new ninth series features wind and national experiences. Incorporating the latest technological security standards, future notes will depict time, light, water, matter and language. Using three layer substrate Durasafe® technology, the bright green vertical banknote depicts dandelion seeds, a paraglider aloft in the mountains and a strikingly playful human hand. Slightly smaller than U.S. banknotes, this is the first hybrid note to win the coveted IBNS banknote award. Currently the Swiss Franc is at par with the U.S. Dollar and near par with the Euro.
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About the International Bank Note Society
The International Bank Note Society (IBNS) was founded in 1961 and is a non-profit educational organization with objectives to promote, stimulate, and advance the study and knowledge of worldwide banknotes and paper currencies along educational, scientific and historical lines.
Members receive a quarterly printed journal containing articles on many different topics related to paper money as well as details of new banknote issues. There are over 2,000 IBNS members in more than 90 countries.
Learn more at www.theibns.org.
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