Saturday, February 28, 2009

Singapore - $25 Commemorative Note of 25th Anniversary of Monetary Authority of Singapore

This $25 commemorative note was issued on 10 May 1996 in conjunction with the celebration of 25th Anniversary of Monetary Authority of Singapore (MAS). The Monetary Authority of Singapore was established on 1 January 1971 under the Monetary Authority Singapore Act which passed by the Parliament in 1970. Under the MAS act, it gives MAS the authority to regulate all elements of monetary, banking and financial aspects of Singapore. Subsequent in 2002 MAS merged with the Board of Commissioners of Currency, it has then assumed the role of currency issuance.

The $25 Commemorative Note issued in 1996 in conjunction with 25th Year Anniversary of Monetary Authority of Singapore

The obverse of the note features the building of MAS in the background of Singapore city. The reverse side depicts the development of Singapore city towards the new technology era. A total of 300,000 pieces of this commemorative note was issued by MAS.

Friday, February 27, 2009

Singapore - 3rd Series Commemorative Note

One of the special features of Singapore commemorative note is the overprinted scripts or logo on its circulation notes. I have discussed it earlier for the $50 Commemorative Polymer Note which has the overprinted date on its commemorative note. This is another commemorative note of $2 denomination of the 3rd Series (Ship Series). This $2 note was issued by Board of Commissioners of Currency, Singapore in 1992 as part of the denominations of the 3rd Series.

The normal circulating note of $2 issued in 1992

Commemorative note of $2 of the overprinted with additional Singapore Currency Board logo

The below is the $2 Commemorative note issued in 1994 with the additional Singapore Currency Board logo. There is another commemorative note (which is not shown above) was overprinted with the wording of "25th Years of Currency Issue 1967 - 1992 Board of Commissioners of Currency, Singapore - 12th June 1992" at the middle right of the note. This commemorative note was issued with limited to 5,000 pieces and have been favorite to many collectors.

Tuesday, February 17, 2009

Indonesian Paper Money Catalogue

"Indonesia Paper Money Catalogue 1782 to 2005" is one of the comprehensive guide books on Indonesian banknote. This guide book was published in year 2005 and was printed in Bahasa Indonesia or Indonesia National language. It has a total of 340 color pages with the brief description on the banknotes with an updated price guide.

The cover and content of Indonesia Paper Money Catalogue 1782 to 2005

Besides the images of the banknote, it also provides information on the objects or themes depict on the obverse and reserve of the banknote itself. Information such as banknote printer, signatory, water mark or security feature and serial number are also available for collectors reference. Three different reference prices in grading sequence i.e. good, very fine and UNC are also available.

Sunday, February 15, 2009

Withdrawal of Indonesian Banknotes 1998 to 2001 Series

Bank of Indonesia is officially making an announcement on 26 November 2008 to withdraw the denomination of Rp10,000, Rp20,000, Rp50,000 and Rp100,000 (polymer note) which were the 1998 to 2001 Series with effective date of 31 December 2008. The withdrawal of these notes was one of the government routines or strategies to face out the older notes on the consideration of their security features. With this announcement made, these four denomination notes are no longer the legal tender in Republic of Indonesia.

However, for those people whom still hold these denomination notes are advised to go to the nearest branches of Bank of Indonesia to exchange to their new currency. There is a grace period given to public on the gradually withdrawal of these denomination notes from the market. The Bank of Indonesia has given 10 years right for public to exchange their notes in which the expire date will fall on 31 December 2018. Other commencial banks will only accept these notes for another 5 years which is untill 31 December 2013.

So, as a collector, have you added these 1998 to 2001 series of Indonesia notes into your collection? It will be cheaper to do it now than years later as they are beginning to obselete from the market.

1998 to 2001 Series

Rp10,000 issued on 18 February 1998

Rp20,000 issued on 23 Janaury 1998

Rp50,000 issued on 1 June 1999

Rp100,000 issued in 1999

Brunei $10,000 - The Highest Value Banknote

Besides Singapore, Brunei is another South-East Asian country that issues the $10,000 note which is one the highest face value in the world (approximately USD6,800). For information, Brunei and Singapore currency are at par exchange rate under the 1973 Currency Interchangeability Agreement. In deed, Brunei's first $10,000 note was issued during its 3rd Series in 1989; It was one of the biggest size banknotes with the measurement of 204mm x 134mm in South-East Asia countries.



$10,000 of Brunei 3rd Series issued in 1989

It was on 28 December 2006, the first $10,000 polymer note was introduced together with its $500 polymer note by the Brunei Currency Board in conjunction with the with the 60th Birthday of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam. The front of this note features the portrait of Sultan Hassanal Bolkiah with the red crest on the gold patch. The back features the Parliament building located in Bandar Seri Begawan.

$10000 Brunei Polymer Note issued in 2006