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HomePaper MoneyWorld Banknote News - Barbados, Colombia Introduce New Bills

World Banknote News – Barbados, Colombia Introduce New Bills

Central Bank of Barbados Marks 50 Years of Independence with Commemorative $50 Banknote

By De La Rue, plc….
De La Rue is delighted to have designed and produced a commemorative banknote for the Central Bank of Barbados to celebrate 50 years of independence

Based on the fully circulating banknote that has a bright hologram and a high-level security thread, this commemorative $50 note features the official 50th anniversary logo.

Speaking on the occasion of the launch, Octavia Gibson, Deputy Director of Currency at the Central Bank of Barbados commented “We felt it was important to recognise this milestone in our nation’s history with a commemorative note and thank De La Rue for their support over the years.

Ruth Euling, Sales Director at De La Rue, said “We have been working with the Central Bank for over 40 years and are very proud to be involved in this celebration.”

Barbados 2016 50 Years of Independence comemorative $50 banknote. Image courtesy De La Rue, plc

About De La Rue plc:

De La Rue logoDe La Rue is a leading commercial banknote printer, security paper maker and provider of security products and software solutions and, as a trusted partner of governments, central banks and commercial organizations around the world, is at the forefront of the battle against the counterfeiter.

As the world’s largest commercial banknote printer, De La Rue provides customers with a fully integrated range of sophisticated products and services which are available either individually or as a whole. This includes a leading design capability, production of innovative security components, manufacture of security paper and polymer substrates and sophisticated printing of banknotes, all contributing to trust in the integrity of currencies.

De La Rue is the world’s largest commercial passport manufacturer in an environment of increasing global concern over security at national boundaries and border control. De La Rue also produces a wide range of other security products, including tax stamps for governments who are seeking to combat illicit trade and collect excise duties. Other products include authentication labels, assuring purchasers of product validity, and government identity documents. In addition the Group manufactures high speed cash sorting and banknote inspection equipment.

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Central Bank of Colombia Issues New 2,000 Peso Note

By Central Bank of Colombia ……

On Tuesday November 29, the Bank issued the new 2,000 peso note, the fifth of the new family, which will circulate simultaneously with the current. As of the 29th, the notes will be available for change in the treasuries of the Bank of the Republic throughout the country.

The front will bear the image of painter Débora Arango, a pioneer of modern art in Colombia. The reverse will exalt Caño Cristales, the beautiful river of five colors, located in the Sierra de la Macarena.

Why is a new family of banknotes required?

To strengthen its security.

In recent years, countries such as Brazil, Canada, Chile, Costa Rica, the United States, New Zealand, Peru, Sweden and the euro system have made changes in their banknotes. Many of the central banks upgrade them every 10 or 12 years. Colombian banknotes have been circulating for 18 years on average without experiencing any major modifications. In Colombia, although the counterfeiting index is low, updating the banknotes will allow us to strengthen their security and maintain public confidence in cash.

In 2016, Banco de la República (Central Bank of Colombia) will release a new family of banknotes composed of six denominations: $2,000, $5,000, $10,000, $20,000, $50,000, and $100,000.

The new banknotes will share special characteristics. They will incorporate inks and security threads of vivid colors with color changing and movement effects to facilitate their identification. Also, they will serve to address more adequately the needs of the visually-impaired thanks to differentiation in their sizes and the incorporation of touch-sensitive elements.


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CoinWeek
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