The People's Bank of China, China's central bank, said Tuesday it will issue a second set of gold and silver coins to mark the 16th Asian Games to be held in southern China's Guangzhou Province in November.
In an announcement posted on its website, the central bank said the new commemorative series will consist of one gold coin and one silver coin which will be legal tender.
The coins will be issued from May 31.
The gold coin will have a diameter of 22 millimeters and the silver coin will have a diameter of 40 millimeters.
The gold coin will have a face value of 100 yuan and will contain one quarter of an ounce of gold. It will have a maximum circulation of 30,000.
The 40-mm silver coin will have a face value of 10 yuan and will contain an ounce of silver. It will have a maximum circulation of 60,000.
The central bank issued the Series I commemorative coins for the 16th Asian Games in July last year.
The 16th Asian Games will be held from Nov. 12 to 27 in Guangzhou, capital city of south China's Guangdong Province.
The Chinese capital city Beijing hosted the 11th Asian Games in 1990.
By:news.xinhuanet.com
Mostrando entradas con la etiqueta Asia. Mostrar todas las entradas
Mostrando entradas con la etiqueta Asia. Mostrar todas las entradas
Sri Lanka to issue coin to replace note
martes, 6 de abril de 2010
Sri Lanka will issue a new ten rupee coin from April 05, to replace a note of a similar denomination now in circulation, the Central Bank said Monday.
The nickel plated coin has a diameter of 26.4 millimetres.
The obverse has the armorial ensign of Sri Lanka with a petal design on periphery. The reverse has a number 10, ten rupees and Sri Lanka in English, Sinhalese and Tamil languages.
The new coin would be handed over to Sri Lanka's president Mahinda Rajapaksa by central bank governor Nivard Cabraal Monday, the bank said in an advertisement.
A bi-metallic 10 rupee coins is already circulating in Sri Lanka
The ten rupee note is the smallest note that is regularly printed in Sri Lanka. A few older five and two rupee notes are also in circulation.
lankabusinessonline.com
The nickel plated coin has a diameter of 26.4 millimetres.
The obverse has the armorial ensign of Sri Lanka with a petal design on periphery. The reverse has a number 10, ten rupees and Sri Lanka in English, Sinhalese and Tamil languages.
The new coin would be handed over to Sri Lanka's president Mahinda Rajapaksa by central bank governor Nivard Cabraal Monday, the bank said in an advertisement.
A bi-metallic 10 rupee coins is already circulating in Sri Lanka
The ten rupee note is the smallest note that is regularly printed in Sri Lanka. A few older five and two rupee notes are also in circulation.
lankabusinessonline.com
Philippinas will change their money
domingo, 4 de abril de 2010
The Bangko Sentral ng Philippinas (BSP) said that it will distribute the initial batch of "new money", or redesigned local banknotes, in December and the new coins starting 2012 as part of efforts to guard against counterfeiters.
Also, the BSP said it will launch a nationwide information campaign would be undertaken by monetary authorities to educate Filipinos on how to tell genuine banknotes from counterfeits.
In a primer on the launch of the new banknotes and coins, BSP said that they decided to upgrade the security features of all banknotes to make it easier for the public to detect fake money.
"As a matter of practice, central banks regularly change the designs of their money - whether coins or banknotes - to guard against counterfeiters. By making it very difficult and costly for counterfeiters to produce exact copies of our money, we protect the integrity of our currency against criminals," the BSP said.
The central bank said all six banknote denominations including P20, P50, P100, P200, P500, and P1,000 would have new designs while coins denominations such as one centavo, five centavos, 10 centavos, 25 centavos. P1, P5, and P10 would also have new designs.
But BSP has yet to divulge the new design. But the Numismatic Committee composed of central bank officials led by BSP deputy governor Diwa Guinigundo said that they decided to include natural wonders in the new banknotes and coins.
The new banknotes would pay tribute to Filipinos who played significant roles at various moments of our nation’s history and would also feature world heritage sites and iconic natural wonders of the Philippines.
Also. BSP earlier said that the new P500 bill would also include a portrait of the late President Corazon Aquino beside former Sen. Aquino.
The BSP added that the new coins would also feature national symbols.
There are currently six banknotes that are in wide circulation.
These include the blue-colored P1,000 bill which features World War II heroes Jose Abad Santos, Josefa Llanes Escoda and Gen. Vicente Lim introduced in 1991; the yellow P500 bill with the late Sen. Benigno Aquino introduced in 1987; and the green P200 with the late President Diosdado Macapagal and President Gloria Macapagal Arroyo issued in 2002.
There is also the purple P100 with President Roxas issued in 1987; the red P50 with President Osmena introduced in 1987; and the orange P20 with former President Quezon issued in 1986.
The brown P10 with Apolinario Mabini first issued in 1985; and the P5 bill with Emilio Aguinaldo are no longer being produced but are still legal tenders.
Last year, the BSP announced that it was contemplating a massive face lift for banknotes and coins that were circulated three decades ago to further enhance security features and improve durability.
Earlier, Guinigundo said the present banknotes would remain in circulation and would continue to be accepted as legal tender for at least three more years.
He explained that the BSP’s previous currency retirement or demonetization program would give enough time for the public to make a full transition to the new generation currency.
www.malaya.com.ph
Also, the BSP said it will launch a nationwide information campaign would be undertaken by monetary authorities to educate Filipinos on how to tell genuine banknotes from counterfeits.
In a primer on the launch of the new banknotes and coins, BSP said that they decided to upgrade the security features of all banknotes to make it easier for the public to detect fake money.
"As a matter of practice, central banks regularly change the designs of their money - whether coins or banknotes - to guard against counterfeiters. By making it very difficult and costly for counterfeiters to produce exact copies of our money, we protect the integrity of our currency against criminals," the BSP said.
The central bank said all six banknote denominations including P20, P50, P100, P200, P500, and P1,000 would have new designs while coins denominations such as one centavo, five centavos, 10 centavos, 25 centavos. P1, P5, and P10 would also have new designs.
But BSP has yet to divulge the new design. But the Numismatic Committee composed of central bank officials led by BSP deputy governor Diwa Guinigundo said that they decided to include natural wonders in the new banknotes and coins.
The new banknotes would pay tribute to Filipinos who played significant roles at various moments of our nation’s history and would also feature world heritage sites and iconic natural wonders of the Philippines.
Also. BSP earlier said that the new P500 bill would also include a portrait of the late President Corazon Aquino beside former Sen. Aquino.
The BSP added that the new coins would also feature national symbols.
There are currently six banknotes that are in wide circulation.
These include the blue-colored P1,000 bill which features World War II heroes Jose Abad Santos, Josefa Llanes Escoda and Gen. Vicente Lim introduced in 1991; the yellow P500 bill with the late Sen. Benigno Aquino introduced in 1987; and the green P200 with the late President Diosdado Macapagal and President Gloria Macapagal Arroyo issued in 2002.
There is also the purple P100 with President Roxas issued in 1987; the red P50 with President Osmena introduced in 1987; and the orange P20 with former President Quezon issued in 1986.
The brown P10 with Apolinario Mabini first issued in 1985; and the P5 bill with Emilio Aguinaldo are no longer being produced but are still legal tenders.
Last year, the BSP announced that it was contemplating a massive face lift for banknotes and coins that were circulated three decades ago to further enhance security features and improve durability.
Earlier, Guinigundo said the present banknotes would remain in circulation and would continue to be accepted as legal tender for at least three more years.
He explained that the BSP’s previous currency retirement or demonetization program would give enough time for the public to make a full transition to the new generation currency.
www.malaya.com.ph
North Korea New Banknotes
viernes, 22 de enero de 2010
The Noth Korea central bank revaluate the North Korea Won.Iran abolish several zeros from the currency
miércoles, 20 de enero de 2010
The Iranian government abolish several zeros from the currency in order to conform to their "real value", today unveiled the country's president, the ultraconservative Mahmoud Ahmadinejad.
"We plan to remove several zeros the rial to restore its real value ... certain reasons have made the rial has depreciated against gold, so we must adjust its value," without explaining the reasons revealed. Several economists have warned that the removal of the zeros of the Iranian currency (currently, one dollar equals about 10,000 rials), could spur inflation affecting the country for years. Ahmadinejad's economic policy has been widely criticized throughout his first term by the continuing rise in prices and inflation, which officially came to touch 30 per cent.
However, the latest official figures published by the Government to fall below 10 percent, although independent economists say the real figures are higher. The Iranian president began his new term with other controversial business decision, this time replacing the subsidies on food, energy and fuel and other products for direct aid to people in cash.
"One hundred percent of Iranians support will benefit from the law of reorientation of subsidies," said President. "The 70 percent of Iranians will aid in the first phase and the remaining 30 percent receive aid in the second phase," said Ahmadinejad, whose words play the local news agency ISNA.
"We plan to remove several zeros the rial to restore its real value ... certain reasons have made the rial has depreciated against gold, so we must adjust its value," without explaining the reasons revealed. Several economists have warned that the removal of the zeros of the Iranian currency (currently, one dollar equals about 10,000 rials), could spur inflation affecting the country for years. Ahmadinejad's economic policy has been widely criticized throughout his first term by the continuing rise in prices and inflation, which officially came to touch 30 per cent.
However, the latest official figures published by the Government to fall below 10 percent, although independent economists say the real figures are higher. The Iranian president began his new term with other controversial business decision, this time replacing the subsidies on food, energy and fuel and other products for direct aid to people in cash.
"One hundred percent of Iranians support will benefit from the law of reorientation of subsidies," said President. "The 70 percent of Iranians will aid in the first phase and the remaining 30 percent receive aid in the second phase," said Ahmadinejad, whose words play the local news agency ISNA.
Kazakhstan Issues Money Marking OSCE Chair
martes, 5 de enero de 2010
The Kazakh National Bank today issued a banknote dedicated to the country's 2010 chairmanship of the Organization for Security and Cooperation in Europe (OSCE), RFE/RL's Kazakh Service reports.A commemorative 1,000-tenge ($6.74) bill features the national emblem, a decorative pattern of flying birds, and a holographic image of the Baiterek monument in the capital, Astana. The reverse side shows the presidential palace, Akorda, and a bird with the 2010 inscription. The bank said it has issued 10 million of the banknotes. Kazakhstan took over the OSCE chairmanship from Greece in January. When bidding for the OSCE chair, Kazakhstan promised to liberalize its laws on elections, the media, and political parties to bring them closer to democratic standards, but critics say reforms have been cosmetic. Human rights organizations say Kazakhstan is unfit to lead an organization devoted to promoting democracy. Among others they cited the case of activist Yevgeny Zhovtis -- the director of the nongovernmental Kazakh Bureau for Human Rights who was sentenced in September to four years in jail for involvement in a deadly traffic accident -- saying it was politically motivated. Kazakhstan, the first ex-Soviet republic to assume the OSCE chairmanship, has never held an election judged free and fair by Western monitoring organizations. The lower house of Kazakhstan's parliament contains the members of just one party, President Nursultan Nazarbaev's Nur-Otan.
New Turkish Lira is history, banknote circulation to be stopped today
sábado, 2 de enero de 2010
New Turkish lira (YTL) banknotes are set to be withdrawn from circulation completely today. The YTL banknotes were legal tender along with the Turkish lira and kuruş until today
The YTL banknotes can be redeemed for a period of 10 years, until Dec. 31, 2019, at branches of the Central Bank of the Republic of Turkey. YTL banknotes will be worthless as of Jan. 1, 2020.
Turkey switched to the new Turkish lira, dropping six zeros from its banknotes, on Jan. 1, 2005, in anticipation of a decline in inflation in the country. The central bank dropped the “new” in YTL and the new Turkish kuruş (YKr) to introduce a new currency at the beginning of January 2009 in a move that would restore the traditional Turkish currency, the Turkish lira (TL). The Turkish lira was temporarily removed from circulation in 2005 when the YTL went into circulation.
Fuente:www.todayszaman.com
The YTL banknotes can be redeemed for a period of 10 years, until Dec. 31, 2019, at branches of the Central Bank of the Republic of Turkey. YTL banknotes will be worthless as of Jan. 1, 2020.
Turkey switched to the new Turkish lira, dropping six zeros from its banknotes, on Jan. 1, 2005, in anticipation of a decline in inflation in the country. The central bank dropped the “new” in YTL and the new Turkish kuruş (YKr) to introduce a new currency at the beginning of January 2009 in a move that would restore the traditional Turkish currency, the Turkish lira (TL). The Turkish lira was temporarily removed from circulation in 2005 when the YTL went into circulation.
Fuente:www.todayszaman.com
Turkmenistan circulates new 1 and 2 manat coins
New coins in the denomination of 1 and 2 manat were put into circulation in Turkmenistan starting from January 1, 2010 as part of the monetary reform. According to the Turkmen State News Agency citing the Central Bank of Turkmenistan, new bimetallic coins were minted by the Royal Mint of Great Britain.
A 1 manat coin with a diameter of 27 mm weighs 9.5 g. A 2 manat coin with a diameter of 28 mm weighs 11 g. New coins have a high degree of protection. They are durable and easy to use, and their design is noted for originality and conformity with national and historical traditions of the Turkmen people. It should be recalled that last year, in the framework of economic and financial reform, Turkmenistan completed the first phase of re-denomination of the national currency - manat, whose denomination decreased in the ratio of 5000 to 1. In 2009, old and new money circulated in parallel. In 2010, all banks of Turkmenistan will be exchanging old manats for new ones.
Fuente:turkmenistan.ru
A 1 manat coin with a diameter of 27 mm weighs 9.5 g. A 2 manat coin with a diameter of 28 mm weighs 11 g. New coins have a high degree of protection. They are durable and easy to use, and their design is noted for originality and conformity with national and historical traditions of the Turkmen people. It should be recalled that last year, in the framework of economic and financial reform, Turkmenistan completed the first phase of re-denomination of the national currency - manat, whose denomination decreased in the ratio of 5000 to 1. In 2009, old and new money circulated in parallel. In 2010, all banks of Turkmenistan will be exchanging old manats for new ones.
Fuente:turkmenistan.ru
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