IBNS Journal 63-2

includes articles on National Bank of Greece Notes from 1890, Vietnamese Banknotes Printed by GDR, The Currency Conversion and Notes for the Reversion of Okinawa to Japan, 1974, Belgium's Last Banknote and Spanish Colonial Issues in Cuba Part 2

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Banknote of 2024 Nominations

The first three nominations for the Banknote of 2024 are: Kazakhstan: 5,000-Tenge Note, Honduras: 500-Lempira Note, England: 5-Pound Note.


Banknote of 2023 Nominations

Nominations Closed 31st January 2024

The International Bank Note Society (IBNS) announces that its voting membership has for the first time selected the Eastern Caribbean Central Bank to receive its annual prestigious “Bank Note of the Year Award” for 2023. With almost 100 new banknotes released worldwide during 2023, only 15 were deemed of sufficiently new design to be member nominated. From the onset of voting the East Caribbean $2 note was the overwhelming favorite.

The East Caribbean States Central Bank “Oscar winning banknote” is intended to present the hope of a new, confident and exciting future with a colorful eye-pleasing design combining sports with an environmental motif. The banknote was designed and manufactured by De La Rue in close collaboration with the ECCB. The design approach was to push the integration of the polymer substrate, print and features to deliver a truly compelling banknote leveraging combinational technologies and the Safeguard substrate design flexibility.


The front of this bright multi-colored yellow, red, blue, and purple note features local cricket star Sir Issac Vivian Alexander “Viv” Richards, also known as “The Master Blaster” as well as the 40th Anniversary bank logo, turtles, and fish

The back of the vertically designed note combines fish, coral, turtles and a map of the islands in contrasting bright blue. The Central Bank chose this design as a symbol of hope to inspire greatness in the people of the Eastern Caribbean Currency Union, as well as all youth and people around the world.

The current (May 2024) exchange value of the new ECC Bank bill is approximately 0.74 USD, 0.69 Euros or 0.59 British Pounds

The first runner-up was Peru’s 200 Sol note which features painter Tilsa Tsuchiya whose work showcases Peruvian legends, folklore and myths. The second runner-up was Jamaica’s $1000 note which features national heroes and Jamaica House. Rounding out the top six vote getters were South Africa’s 50 Rand note (Nelson Mandela/lions), Egypt’s 20 Pound note (mosque/Ramesses II) and Solomon Islands’ (Pacific Games/several sports).

Winners of recent IBNS Banknote of the Year competitions are all miniature works of art that represent their nation’s popular themes. These winners should help provide a superb template as other countries consider how they eventually design and promote their own new banknotes.

From all significant newly designed and widely circulated banknotes released in 2023, the IBNS membership nominated notes from 15 different countries to place on the ballot. Nominees represented 3 continents (Africa, Asia, and South America), 5 island nations, and the Middle East. Past “Bank Note of the Year” winners include Philippines (2022), Mexico (2021 & 2020), Aruba (2019), Canada (2018), Switzerland (2017 & 2016), New Zealand (2015), Trinidad & Tobago (2014), Kazakhstan (2013, 2012 & 2011), Uganda (2010), Bermuda (2009), Samoa (2008), Bank of Scotland (2007), Comoros (2006), Faeroe Islands (2005) and Canada (2004).

IBNS Members have produced a guide covering the Bank Note of 2023 nominations in great detail. Explore the visible security features of each of the notes; Iridescent inks, watermarks, security strips and holographic features, as well as the Ultraviolet features. Download a copy to learn more about the nominations.