2004 - Pakistan's RS5/- Bank Notes will Cease to be Legal Tender From 1 July 2005. The State Bank has asked the SBP Banking Services Corporation to stop issuing Rs.5'- denomination notes from all its field offices with effect from 1 July 2004. It also asked the commercial banks to stop issuing re-issuable notes of Rs.5/- denomination from 31 January, 2005.
It may be pointed out that Rs.5/- denomination notes in circulation will continue to be legal tender up to 30 June 2005. Banks will continue to accept these bank notes from the members of the general public without any restrictions, whatever, in exchange of bank notes of higher denomination or Rs.5/- coins. Banks have also been asked to surrender these notes to their nearest/linked Field Office of State Bank of Pakistan Banking Services Corporation/Chest Branches of National Bank of Pakistan up to 30 June 2005. Rs.5/- bank notes will ease to be Legal Tender with effect from 1 July, 2005. Central Bank of Pakistan's Press Release 12 May 2004.
KROATIEN: neue 10 Kn Note 2004 - 10 J. Unabhängigkeit
Hier die Meldung aus Zagreb:
CROATIAN NATIONAL BANK
COMMEMORATIVE 10 KUNA BANKNOTE GOES INTO CIRCULATION
On the occasion of the 10th anniversary of the introduction of the kuna as the monetary unit of the Republic of Croatia (30 May 1994 - 30 May 2004), the Croatian National Bank is putting into circulation on 24 May 2004 a commemorative 10 kuna banknote and an issue of regular 1 kuna coins, bearing the date "1994-2004".
The new 10 Kuna banknote is identical in appearance to the 10 Kuna banknote currrently in use (date of issue 7 March 2001), but bears an additional commemorative text on the obverse of the banknote, in the area of the banknote's watermark. The text which is written in a microsript reads: "TENTH ANNIVERSARY OF THE CROATIAN MONEY KUNA AND LIPA 2004", creating a rectangular basis within which, by bold typing certain letters and numbers a visible number 10 effect is obtained. Across this basis, in three lines in iridescent colour, the word "ANNIVERSARY" is printed. The predominant colour of the rectangular basis is orange. The reverse of the banknote bears the date of issue, 30 May 2004.
Quelle: Kroatische Nationalbank, Zagreb www.hnb.hr
PS anbei die Bilder des Scheins - besserer scan folgt!!!
Russland gibt seit letzter Woche "neue" Banknoten in bisherigem Design und mehr security features aus.
Hier die diversen Meldungen + Bilder:
Meldung 1
2004 - New banknotes entered into circulation in Russia today according to Gateway to Russia.com's 21 July 2004 article of the same name. In conflicting reports from Gateway to Russia.com, also 21 July 2004, the new modified 2004 issues of the 1997 notes will not be released till August 16, 2004. Perhaps one of our Russian readers can clarify this. The new designs will remain the same, but some new anti-counterfeiting features will be added to the 2004 notes. These notes will circulate along with the older notes which are sceduled to be withdrawn in 12 to 18 months. To view the new designs and their new features we have provided a link to the Bank of Russia
Quelle: CBR, 2004
Meldung 2
New Rubles More Secure
ROSBUSINESSCONSULTING
New banknotes with denominations of 10, 50, 100, 500 and 1000 rubles are set to enter into circulation.
Their design will remain the same but some new features will appear that will be easy to notice but difficult to counterfeit.
The new notes differ from the old banknotes by the level of protection. According to the rules and recommendations of criminalists, it is necessary to introduce changes to the design of banknotes and securities once in every 5 to 7 years. This is the second modernizationí of notes introduced since 1997.
The first one took place three years ago.
The new notes have a special pattern. Its color changes depending on a visual angle.
In addition, a security magnetic thread has been embedded in the paper, which previously was on notes of some other countries only. 100-ruble notes and higher are protected more seriously.
Another important protective feature that helps identify a note easily is microperforation, which is made by a very complicated laser. Counterfeiters cannot afford to buy such equipment, experts believe. The 1000-ruble note, on which the emblem of the city of Yaroslavl changes its color depending on a visual angle, has the best protection.
The new banknotes entered into circulation on July 21, Rossiya television channel reported and the old ones will be gradually withdrawn from circulation and will disappear in 12 to 18 months.
According to experts with Gosznak, the Russian printing and engraving association, after changes have been introduced, the ruble will be protected against forgery better than the world's two most popular currencies - the dollar and the euro.
On Monday, August 16, the Central Bank of Russia introduced new modified banknotes worth 10, 50, 100, 500 and 1000 rubles. MosNews wrote about the new banknotes in May, when the financial authorities first introduced them to the public.
Arnold Vojlukov, first deputy chairman of the Central Bank told RIA Novosti that August 16 is considered the official issue date, but the banknotes won’t enter public circulation until September. He also stressed that the new modified banknotes will be circulating alongside the old ones, until the latter’s complete wearout. “There will be no exchange of new banknotes for old ones,” said the Bank’s representative.
The new banknotes will look virtually the same as the old ones, but the level of their counterfeit protection has been significantly raised. The goal of the new banknotes is to ease the controls over authenticity that can be done not only by special mechanisms but by ordinary people as well. The new ruble banknotes will be protected with a rainbow-stripe effect and a metallised protective thread. Additionally the banknotes worth 100, 500 and 1000 will be protected with laser micro perforation which is visible if one holds the banknote up to a light source. The same method of protection is used in Swiss francs which are considered to be the most difficult currency in the world to counterfeit.
Und nochmal Russland: Keine währungsunion mit Belarusd/Weissrussland
Hier die Meldung:
No common currency for Russia, Belarus on January 1, 2005 — Putin
Russian President Vladimir Putin said Russia and Belarus are unlikely to adopt a common currency on January 1, 2005.
"It is unlikely that we will be able to realize the plans to introduce the Russian ruble on the territory of Belarus from January 1, 2005," Putin said after meeting with his Belarussian counterpart Alexander Lukashenko in Sochi on Saturday.
At the same time, he stressed that "from the point of view of specialists and the economic interests of Belarus and Russia, these issues have practically been resolved." "We are currently at the political-psychological point of decision-making," Putin said.
"Time is needed to prepare society for this step," Putin said.
Putin also admitted that "specialists have some other questions." "We will discuss all issues in a calm and friendly fashion. We will not stop this work and will continue it," he said.
Lukashenko, in turn, stressed that "all agreements on the introduction of a common currency, except for one, which will likely have to be amended, are practically ready.. As soon as the time comes when we will be able to consciously decide to introduce a common currency, we will make that decision," he said.
(based on the information distributed by Interfax)
NEW YORK -(Dow Jones)- The Finance Ministry said Tuesday it will put newly designed Y10,000, Y5,000 and Y1,000 bills into circulation on Nov. 1, the Kyodo news agency reported.
The new banknotes have holograms and other up-to-date technology to prevent forgery.
They were originally scheduled to go into circulation in July. The release was postponed due to work on designing a portrait of Meiji-era novelist Ichiyo Higuchi (1872-1896) for the Y5,000 bill, which took longer than expected.
Kyodo reported that the redesigned Y10,000 bills will feature educator Yukichi Fukuzawa (1835-1901), while the new Y1,000 bills will feature microbiologist Hideyo Noguchi (1876-1928).
Ganz klasse: Die einzigen, die es kapiert haben und Polymerbanknoten rausbringen, sind die Singapurer. Die ganzen anderen Länder verlassen sich lieber auf die "0815" Sicherheitsmerkmale, die inzwischen jeder mittelklassige Zeitungsdrucker in Bulgarien hinbekommt.
Gut, wer fälscht so ein Zeug wie Ägypt. Pfund oder russische Rubel , aber trotzdem sollte man doch (überspitzt gesagt) so langsam mal den Schritt in die Zivilisation wagen.
Aber anscheinend ist es wichtiger, wie Kroatien Sammlernoten rauszubringen.
2004 - Riksbank decides to issue commemorative coin and note
The Executive Board of the Riksbank decided at its meeting on 9 June to issue a commemorative coin to mark the 250th anniversary of the Royal Palace in Stockholm. It was also decided that a special banknote would be issued to commemorate the 250th anniversary of the founding of Tumba Bruk banknote paper mill.
The commemorative coin will be issued in two denominations; a gold coin with the denomination SEK 2,000 and a silver coin with the denomination SEK 200, with effect from 1 October. The prices are set at SEK 2,500 and SEK 250 respectively. The design of the coin will be determined by the General Council of the Riksbank in August and presented in connection with the issuing of the coin.
The commemorative banknote will be in the denomination SEK 100 and sales of the note will begin in spring 2005, in connection with the opening of the mill museum at Tumba. The proposed price of the note is SEK 150. The design of the banknote will be determined by the General Council of the Riksbank during autumn 2004.
It is extremely rare that commemorative banknotes are issued. In Sweden it has only occurred on two previous occasions; in 1948 (King Gustaf V’s 90th birthday) and in 1968 (the 300th anniversary of the Riksbank).
HONG KONG, July 5 (Xinhuanet) -- The Hong Kong Monetary Authority (HKMA) and the three note-issuing banks announced Monday the issue of the new series of Hong Kong banknotes and unveiled the designs of the remaining three denominations.
The three denominations, 20 HK dollars ( 2.57 US dollars ), 50 HK dollars (6.43 US dollars) and 1,000 HK dollars (128.53 US dollars), will go into circulation in October 2004. The first two denominations, 100 HK dollars (12.85 US dollars) and 500 HK dollars (64.27 US dollars), of the new series have been in circulation since December 2003.
A number of advanced security features have been added to the new series of banknotes to enhance their anti-counterfeiting capabilities. These new security features include denomination numeral in optical variable ink, fluorescent machine readable bar-code, holographic windowed thread, iridescent images.
The new banknotes also retain security features used in the oldseries of banknotes.
The color of the new 20 HK dollars' banknotes will be standardized in blue. The color scheme of 50 HK dollars' banknotes will be changed from violet to green. The new 1,000 HK dollars' will remain yellowish gold in color.
The Bank of China (Hong Kong) Limited, Standard Chartered Bank (Hong Kong) Limited and the Hongkong and Shanghai Banking Corporation Limited (HSBC) are the three note-issuing banks in Hong Kong.
Starke Nachfrage nach thailändischer Gedenkbanknote
Strong public demand for commemorative banknotes
BANGKOK, July 10 (TNA) - There has been strong public demand for the special commemorative "vertical" banknotes, according to the Bank of Thailand (BOT).
The banknotes are being issued to honour Her Majesty the Queen’s 6th cycle birthday which falls on 12 August 2004.
The central bank has issued 7,299,999 bills of the 100- baht "vertical" banknote -- the first of its kind in Thailand.
Crowds lined up to place their orders for the bills on 5 July when pre-sales started.
The central bank took 3.5 million orders during the first four days (5-8 July)--800,000 orders were for the first bill set with "silk bags", "banknote frames" and "folders.
There were 2.7 million orders for the second bill set with folders.
The commemorative bank notes are available at branches of local commercial banks, the Government Savings Bank (GSB), the Bank for Agriculture and Agricultural Cooperatives (BAAC), and the Government Housing Bank (GHB) throughout the country.
UAE, new Dhs50 banknote
The UAE has issued a new Dhs50 banknote to improve security. It features local images and animal life, including the oryx, falcon and an Arabic coffee pot. However, existing Dhs50 banknotes will remain in circulation and the overall specification is unchanged.
in fünf tagen, also am 28.09.2004 wird in den staaten ein 50 dollar schein mit neuem aussehen ausgegeben. sieht sehr gut aus, aber eben dieses typische amerikanisierte idealbild * busch ich hasse dich *
trotzdem für uns sammler ein interessantes stück wertpapier
schöne scans findet ihr H I E R ebenfalls einen offiziellen bericht
FOR IMMEDIATE RELEASE
29 September 2004 CONTACT: Annie Portelance
(613) 782-8782
Bank of Canada Issues New $20 Bank Notes
OTTAWA–The Bank of Canada today put into circulation Canada's new $20 bank notes. The new notes will be distributed and become available across the country over the next few weeks.
"The $20 bank note is the most widely used note," said Bank of Canada Governor David Dodge. "It accounts for almost half of all bank notes in circulation, which is why we encourage Canadians to become familiar with its design and security features. The security features of this new note enable Canadians to use it with confidence."
The Bank is issuing the new note to help fight counterfeiting and is reminding consumers and retailers to make a habit of verifying their notes before placing them in their wallets or cash drawers. The note incorporates several new anti-counterfeiting features that are easy to identify and quick to use. These include a metallic holographic stripe, a watermark portrait, a windowed colour-shifting thread woven into the paper, and a see-through number. These features are similar to those on the recently issued $100 note.
The theme of this new note is Arts and Culture. Images of four artworks by internationally recognized Canadian artist, Bill Reid, as well as an excerpt from Gabrielle Roy's novel, The Hidden Mountain, appear on the back of the note.
Since the unveiling of the new $20 bank note on 25 August, the Bank of Canada has been working with law-enforcement agencies, financial institutions, and the retail and hospitality industries to familiarize their employees with the note's security features.
"With the Bank of Canada incorporating more advanced security features in Canadian bank notes, and with retailers and the public regularly checking notes during cash transactions, we can dramatically reduce the number of counterfeit bills," said Diane J. Brisebois, President and CEO of the Retail Council of Canada. "That is why we continue to work with the Bank of Canada to help train retailers and their staff on how to quickly identify a genuine bank note."
"Everyone has a role to play in deterring counterfeiting," said Raymond J. Protti, President and CEO of the Canadian Bankers Association. "The banking industry handles large volumes of cash and takes steps to detect counterfeit notes and remove them from circulation. The enhanced security features of this new note demonstrate how the Bank of Canada seeks to reduce counterfeiting by making currency more difficult to duplicate, and the banking industry applauds its efforts to do so."
Bank notes from previous series remain legal tender. For more information on Canadian bank notes and their security features, visit www.bankofcanada.ca/en/banknotes/.
Note to Editors:
* A photo of Bank of Canada Governor David Dodge spending a new $20
bank note will be available on Canada NewsWire as of 11 a.m. (EDT).
* A CD with images of the front and back of the new $20 bank note, as
well as a beta tape with footage of the production of the new $20 bank
note and its security features, are available to the media upon
request.
Canadian Journey $20 Bank Note
Issue date: 29 September 2004
Size: 152.4 x 69.85 mm (6.0 x 2.75 inches)
Predominant colour: Green
Front Back
Security features of this note
Front
Date on bank note: 2004
Signatures: Left - W.P. Jenkins
Right - D.A. Dodge
Portrait: The portrait and watermark on the $20 note are of Her Majesty Queen Elizabeth II. Canada is a constitutional monarchy and a member of the Commonwealth, with Queen Elizabeth II as its reigning monarch and head of state. Born in London, England, on 21 April 1926, she acceded to the throne on 6 February 1952, following the death of her father King George VI. She was separately proclaimed Queen of Canada during a coronation that took place at Westminster Abbey on 2 June 1953.
Back
Scene:
Arts and culture
The artwork of Bill Reid (1920-1998), inspired by the Haida culture of Canada's northwest coast, was chosen to represent this theme. Internationally recognized as one of Canada's most accomplished artists, Bill Reid embraced many art forms during his career. His magnificent works range from the intricate to the monumental—woodcarvings, exquisite jewellery, beautiful prints, and massive sculptures. Depicted on the new $20 note are The Spirit of Haida Gwaii, The Raven and the First Men, The Grizzly Bear, and Mythic Messengers. Bill Reid was a mentor, and his work continues to inspire Canadian artists in all fields.
The accompanying quote is an excerpt from Gabrielle Roy's novel, The Hidden Mountain* and reminds us that arts and culture define who we are, as well as the system of beliefs, values, and customs that we share.
* This quote was used by permission, McClelland & Stewart Ltd. The Canadian Publishers.
hier ein Artikel zum neuen Schein:
Bank of Canada's security-heavy $20 bills released to the public
Bill Graveland
Canadian Press
Thursday, September 30, 2004
1 | 2 | NEXT >>
The new $20 banknote includes a holographic stripe covered with maple leaves and a watermark that only appears when you hold the note to the light. (CP /Jonathan Hayward)
CALGARY (CP) - The Bank of Canada launched another salvo in the war against counterfeiters Wednesday with the release of a new $20 bill into circulation.
The bill, first unveiled last month, has the same kind of security features as the new $100 banknote, and officials say the strategy appears to be working. "We introduced it March 17 and until now we've only seen 13 counterfeit bills that were successfully passed, and they're very poor quality," said Annie Degioanni, the Bank of Canada's senior analyst for the Prairies.
"Last year we had 440,000 counterfeit bills passed in Canada - the $100 bills represented about 10 per cent or 12 per cent of the counterfeit bills that were out there," she said.
There are about 1.4 billion genuine notes in circulation.
Canadian consumers and businesses lost $12.8 million last year due to phoney money. Unfortunately, the last person caught holding the bogus bills ends up taking the loss.
The new $20 banknote includes a holographic stripe covered with maple leaves and a watermark that only appears when you hold the note to the light. Two other new features include a security thread, which is an anti-counterfeiting feature woven into the paper, and a see-through number that makes it easy to spot a fake.
The new features are simple enough that businesses should be able to immediately spot a phoney, said Const. Tej Cheema of the Calgary Police Service's business liaison program. He said many businesses invest in counterfeit money detectors but it's not really necessary.
"The human eye is still one of the best detective devices," Cheema said. "If you invest in a $2 magnifying glass and if you look at the bill closely, it stands out clearly that you can tell a genuine from a copy."
There are some similarities to European banknotes and for good reason, said Degioanni.
"We work with other central banks throughout the world about increasing security features on all banknotes because counterfeiting is a global problem," she said.
"It is more cost-effective to have central banks working together and making sure security features are the state of the art."
However, one Calgary police official said new technology is also helping those who want to print counterfeit bills.
"We've seen a quantum leap in the last four or five years in terms of counterfeiting," said Det. Gord Bryant of the commercial crime unit. "Every year it's growing significantly."
"The new security features are world-class, in fact, are probably the standard in which other nations are going to compare their currency to now," he said.
That doesn't mean counterfeiting is going to tail off at any point in the near future, he said. It's likely crooks will put more effort into duplicating the older $20 bills.
"We'll probably see a bigger effort on the old notes until they're pulled out of circulation," said Bryant.
CALGARY -- The Bank of Canada launched another salvo in the war against counterfeiters yesterday with the release of a new $20 bill into circulation. The bill, first unveiled last month, has the same kind of security features as the new $100 banknote, and officials say the strategy appears to be working.
"We introduced it ($100 bill) March 17 and until now we've only seen 13 counterfeit bills that were successfully passed, and they're very poor quality," said Annie Degioanni, the Bank of Canada's senior analyst for the Prairies.
PHONEY MONEY
Canadian consumers and businesses lost $12.8 million last year due to phoney money. Unfortunately, the last person caught holding the bogus bills ends up taking the loss.
The new $20 banknote includes a holographic stripe covered with maple leaves and a watermark that only appears when you hold the note to the light.
Two other new features include a security thread, which is an anti-counterfeiting feature woven into the paper and a see-through number that makes it easy to spot a fake.
The new features are simple enough that businesses should be able to spot a phoney, said Const. Tej Cheema of the Calgary Police Service's business liaison program.
He said many businesses invest in counterfeit detectors but it's not really necessary.
"The human eye is still one of the best detective devices," Cheema said.
"If you invest in a $2 magnifying glass and look at the bill closely, it stands out clearly that you can tell a genuine from a copy."
There are some similarities to European banknotes and for good reason, said Degioanni.
"We work with other central banks throughout the world about increasing security features on all banknotes because counterfeiting is a global problem."
Die Meldung ist zwar nicht mehr aktuell, aber hier soll dennoch der 100K Schein aus Vietnam vorgestellt werden - MIT BILD.
Hier die Meldung:
New 100k notes: plastic fantastic
On September 1 the State Bank (SBV) will issue the new VND100,000 polymer banknote to protect against counterfeiting.
Send to a friend | Printable version
Aside from long standing security means, the new note will be protected from counterfeit by employing new tags, including the appearance of colourless, latent, luminescent and embossed images, which are easily for users to check while remaining almost impossible to counterfeit.
The new banknote is 144x65mm in size, and is green in colour. One face bears the Socialist Republic of Vietnam legend, along with the national insignia, a portrait of President Ho Chi Minh, its face value of VND100,000 both written and numerical, along with traditional and modern patterns.
The reverse face bears the words State Bank of Vietnam, and a landscape picture of Van Mieu (Temple of Literature) – Quoc Tu Giam, its face value of VND100,000 both written and numerical, and traditional and modern patterns.
According to the SBV, the issuance of the new polymer banknotes is a double edge sword, fighting against counterfeit money and protecting against wear and tear. Polymer banknotes last significantly longer than their paper predecessors.
The outgoing VND100,000 notes have been the most prone to forgery of Vietnam’s monetary denominations. While becoming obsolete, the old brown banknotes will still retain their value when the new breed is released into the wild.
SBV recommendations:
The new polymer banknotes have enhanced endurance and remain cleaner than the old paper banknotes. However, the notes are not heat-resistant, and may be deformed by exposure to high temperatures.
SBV recommends the notes be kept flat, not folded, crumpled or creased. Crumpled banknotes can be smoothed out by a light pressing. Do not iron the polymer notes, as they will melt.
General Information on Malaysian Banknotes (3rd Series): RM10 with LEAD
RM10 with LEAD | RM100 | RM50 | RM10 | RM5 | RM2 | RM50 Commemorative Polymer Banknote
Bank Negara Malaysia is issuing an upgraded version of the RM10 denomination currency notes with an enhanced security feature. The upgraded RM10 currency note has an optical variable holographic strip on the obverse (similar to the strip used on RM50 and RM100 currency notes).
The introduction of the holographic strip is part of the Bank's continous efforts to improve the security features of the currency notes. The holographic strip makes the currency note more difficult to duplicate and yet easily detecable by the public.
Basically, the upgraded RM10 currency note retains the existing design, colour, security features and size. Except for the hologrphic strip, there is no significant change in the original design on the obverse and reverse of the upgraded RM10 currency note. They have been printed on the same material as in other circulating Malaysian currency notes.
The prominent security features of the RM10 currency note are highlighted in this brochure as a guide to the public. The public is advised to check carefully on the security features to ensure the authenticity of the note.
The upgraded RM10 currency note will co-circulate with the existing series. For more information on the upgraded RM10 currency note, please contact the Currency Management and Operation Department (Tel. ++ 60 3 2690 7309)
Südkorea: neue Banknotenserie inkl. 50K und 100K Won
Korea wird in kürze eine neu gestaltete Banknotenserie mit den bekannten Werten zu 1000, 5000 und 10K Won herausgeben.
ausserdem werden Banknoten zu 50,000 & 100,000 Won verausgabt werden.
Hier die Meldung:
Kim Ku to Be Featured in Banknote
By Choi Kyong-ae
Staff Reporter
The Korean Broadcasting System (KBS) reported Monday that the Bank of Korea (BOK) and the Korea Minting and Security Printing Corporation (KOMSCO) have nearly completed the preparations for the issuance of redenominated banknotes.
The two organizations have reportedly decided on the designs for a 100,000-won ($87) and 50,000-won bill. New designs for other small-denominated bills are also under consideration.
King Sejong, the fourth king of the Choson period (1392-1910) and one of the most respected kings in Korea, appears on the 10,000-won bill, which is currently the largest banknote available.
The 10,000-won bill underwent a facelift once in 1979, six years after the original design was adopted in 1973. Since then a couple of measures have been made to prevent counterfeit bills.
Kim Ku (1876-1949), who had dedicated himself to the nation’s liberation from Japanese colonial rule (1910-45), is likely to be pictured on the 100,000 won note and Chung Yak-yong (1762-1836), a famous scholar during the late Choson kingdom, would appear on the 50,000 won note, according to the report.
Shin Saimdang (1504-1551), a famous female artist in the middle of Choson period, is likely to be featured on the 5,000 won bill and Chang Young-sil, a famous scientist who invented a water watch which automatically signals time, is likely to be printed on the 1,000 won bill, it said.
However, officials of the BOK and KOMSCO called the report groundless, saying that no discussions have been made to determine the figures for the high-denominated bills.
“To issue new bills, the BOK should get approval from the government and an agreement from the Monetary Policy Board under its wing. We haven’t had any calls from the BOK to issue the bills,” a KOMSCO official on condition of anonymity said.
“Currently, the facilities to house the printing machine are under construction. But the additional machine has yet to come to Korea from Switzerland. The additional Swiss equipment is to reinforce the present printing line,’’ the official stressed.
He continued to say the established printing plant built in 1974 is in full operation all year around the clock. In its long-term facility investment plan, KOMSCO will import the Swiss machine by next August.
“It usually takes a couple of years for the state-run minting corporation to make all 3 billion new notes, including 1.3 billion coins, ready for a timely release. If new bills were adopted, the increased production line would be helpful,” another KOMSCO official said.
When installed sometime next year, the strengthened production lines in Kyongsan, North Kyongsang Province, will be ready to churn out up to 3 billion bills and coins valued at 24 trillion won.
Last month, Deputy Prime Minister and Finance-Economy Minister Lee Hun-jai said the government had no concrete plans for the new bills and BOK Governor Park Seung said the central bank was considering issuing the new bills in a long-term project.
The new series of Hong Kong banknotes go into circulation from October 11, in denominations of $20, $50 and $1,000.
They will be available for exchange in all branches of the three note-issuing banks - the Bank of China (HK), Standard Chartered Bank (HK) and HSBC.
The first two denominations of the new series, $100 and $500, have been in circulation since December. All existing banknotes will continue to be legal tender and will circulate alongside the new banknotes.
Leaflets explaining and illustrating security features of the new banknotes are being distributed and posters are on display at the three note-issuing banks and the Monetary Authority.
Information is also available on the websites of the Monetary Authority, Bank of China (HK), Standard Chartered Bank (HK) and HSBC.
To promote public awareness on the security features of the new banknotes, the authority has been conducting seminars, along with a student ambassador programme covering around 40,000 retailers in markets, shopping centres and neighbourhoods.