Existing $50 banknotes
can continue to be used, as all previously issued banknotes
remain legal tender.
equipment manufacturers and other suppliers will continue to receive support from the Eurosystem in adapting their machines and authentication devices to the new banknotes
First of all, banks will have to register the numbers of these banknotes
via the portal for cash management, and then send them to the CBA through collectors," the source noted.
43 percent of the total value of Slovak banknotes
remained in circulation, though.
The bank said the banknote
was printed with Mickey Mouse playing with a dog on the one side and the portrait of Queen Elizabeth II on the other side.
These NGC banknotes
shall be issued to authorized agent banks for withdrawal of the general public,' the BSP said in a statement.
And indeed, when selecting the principal security features to be applied onto their new banknotes
, the Bank of England embarked on a three year research programme with the aim of determining the effectiveness and counterfeiting resilience of many security features available in the market.
The commemorative banknotes
will cost more than 2,000 won, just as other commemorative currencies have cost more than their face value.
There is an annual plan for the issuance of banknotes
in accordance with the vision of the CBE and the government, in which it avoids the over-issuance of cash because it will lead to inflation and price hikes, while the decline of banknote
issuance can affect the economic activity and reduce growth rates.
It is, therefore, clarified for benefit of all concerned that new design banknotes
of Rs 500, with and without OVI flag, are genuine provided all other security features are intact.
State Bank of Pakistan issued a new design banknote
series which started with the issuance of Rs 20 denomination banknote
in 2005 to improve the security, durability and aesthetic quality of banknotes
BCT had then had to change an amount of over 700 million of banknotes
in two times between 2011 and 2013.