. . . .

| home |

| AFRICA | america | asia | east asia | europe | oceania | south east asia |

| commemorative | hybrid | polymer | australia |

| a | b | c | d | e | f | g | h | i | j | k | l | m | n | o | p | q | r | s | t | u | v | w | x | y | z |

Zimbabwe - 2016 Bond Issues

The King of Funny Money

These are two Bond notes issued in late 2016 ($2) and early 2017 ($5). Zimbabwe on 12.04.2009 abandoned its own currency to end hyperinflation and commenced using foreign currencies such as US Dollar, South Africa Rand, Euro, British Pound, Botswana Pula, Indian Rupee and even the Chinese Yuan and Australian Dollar as legal tender (some of these foreign currencies were added on later). These Bond notes are redeemable for all these foreign currencies or can be used as normal day to day transactions. However these Bond notes are not legal tender outside the country. The value of these Bond notes are at parity with the US$ when it was first issued.

The Zimbabwe inflation crises started in the late 90s when the President Robert Mugabe removed white farmers and replaced them with blacks farmers. Unfortunately due to lack of experience in managing these farms, the productions dropped and so does foreign incomes too. To over come this, the government decided to print more money to pay for their bills. Now, any Economist out there will tell you that this will not work unless you have the foreign reverse to back this up. Whilst this is bad to the country, it was haven to collectors, including myself. Since 2006, a total of 70 notes were issued from 1 cent to 100 Trillion dollars. I still do not understand why they even bother to print those lower denomination notes such as the 1, 5, 10, 50 cents and even the $1 when the values do not even worth the paper printed on.

The issue of these Bond notes was authorised by the President Robert Mugabe on 07.11.2016 to tackle the shortage of cash in the country. The country spent more than it raised, much of it on imports causing the outflow of US$ out of the country. These new Bond notes were backed by US$200 million held in actual reserve when they were issued. To the locals, the nickname for the Bond note is called "Bollars". Interesting to note that Zimbabwe was once called the foods basket of Southern Africa.

Since the released of the Bond notes end of last year, the Bollars are loosing it's value. The local businesses are so worrying that as these new Bond notes have no value outside the country, it may lead to the drop in value. Some shops which are desperate for hard currency, are offering discounts on their goods, some up to 50% if payments are made by US$. Old habits die hard!

Signature: Governor Dr John Mangudya

Two Dollars (Bond Note)
Dated 2016, P99, Issued in November 2016
Reverse
Five Dollars (Bond Note)
Dated 2016 (2017), P100
Reverse
$2 - 5,000,000 pieces ($10,000,000) Issued on 28.11.2016;
$5 - 3,000,000 pieces ($15,000,000) Issued on 02.02.2017.

Liberia - 2016 Series Full Set

A complete set of a new series of 6 notes. This is the first time that the $500 note is issued. All notes bear a single portrait of past national leaders except for the $500 note.

$5 - 5th President Edward James Roye (1815-1872) | woman harvesting rice;
$10 - 1st & 7th President Joseph Jenkins Roberts (1809-1876) | man tapping rubber;
$20 - 19th President William Vacanarat Shadrach Tubman (1895-1971) | open wet market;
$50 - 21st President Samuel Kayon Doe (1951-1990) | man harvesting palm nuts;
$100 - 20th President William Richard Tolbert jr (1913-1980) | woman with child at market;
$500 -2 men and a woman | one adult and one baby hippopotamuses feeding;

The $500 note was introduced on 17.01.2017, while the rest were issued in late 2016. All notes are dated 2016.

Five Dollars
Dated 2016, P31
Reverse
Ten Dollars
Dated 2016, P32
Reverse
Twenty Dollars
Dated 2016, P33
Reverse
Fifty Dollars
Dated 2016, P34
Reverse
One Hundred Dollars
Dated 2016, P35
Reverse
Five Hundred Dollars
Dated 2016, P36
Reverse

Ghana - 5 Cedis Central Bank 60th Anniversary Commemorative

Ghana 5 Cedis dated 04.03.17 and released to the public on 07.03.2017. This note was issued to celebrate the country 60th anniversary of the Central Bank of Ghana 1957-2017. The design of the note is completely new, with the main feature of Dr James Emman Kwegyir Aggrey (1875-1927) on the front and an oil exploring ship on the back. An Oil Platform in the open sea is also featured on the design. The note bears the signature of the bank's Governor Dr Abdul Nashiru Issahaku who was appointed to the role since 01.04.2016.

Five Cedis
Dated 2017, P43
Reverse
Note: Dr Abdul Nashiru Issahaku resigned as the Governor of the Central Bank of Ghana on 01.04.2017 citing personal reasons. Dr Issahaku was appointed to the post by the former president John Dramani Mahama, who then lost the election to Nana Addo Dankwa Akufo-Addo in 2016. Dr Issahaku became the shortest serving governor of Ghana’s central bank history, since it was founded in 1957. The new governor is Dr Ernest Kwamina Yedu Addison.

Swaziland - 20 Emalangeni 1989 King Mswati lll 21st Birthday Commemorative

This note was issued to celebrate King Mswati ll 21st birthday. The design of this note is the same as P16 but with the following commemorative text added to the watermark area; -

"His Majesty King Mswati lll 19.4.68-19.4.89."

Twenty Emalangeni
Dated 1989, P17a
Reverse