Author Topic: Madagascar: New Family of Banknotes Planned  (Read 421 times)

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Offline Bimat

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Madagascar: New Family of Banknotes Planned
« on: May 27, 2017, 10:20:40 AM »
Central Bank of Madagascar plans to introduce new family of banknotes this year. New 2000, 5000, 10,000 and 20,000 Ariary banknotes will be issued in July 2017, followed by 100, 200, 500 and 1000 Ariary banknotes in September 2017.

Aditya
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Offline pargoo

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Re: Madagascar: New Family of Banknotes Planned
« Reply #1 on: May 29, 2017, 08:21:15 AM »
I hope they're better looking than the current series...blech.

Offline Bimat

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Madagascar: New Family of Banknotes Planned
« Reply #2 on: June 19, 2017, 06:53:20 AM »
More details of the new series, from Banknote News:

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Banky Foiben'i Madagasikara intends to introduce a new family of notes with the following denominations: 100, 200, 500, 1,000, 2,000, 5,000, 10,000, and 20,000 ariary. The four larger denominations will be issued in July 2017, followed by the four smaller denominations in September 2017. The theme will remain “Madagascar and its Riches,” including economic activities, biodiversity, culture, and tourist sites. All the notes will have tactile geometric features for the sight-impaired, zebu head watermarks, security threads, and iridescent stripes.

According to a decree, the 100-ariary note depicts the Cathédrale d’Ambozontany.

The olive green 2,000-ariary note depicts a lemur on front, and a tropical pitcher plant on back.

The red 5,000-ariary note depicts a waterfall in Ranomafana Park on front, and a humpback whale on back.

The brown-yellow 10,000-ariary note measures 144 x 78 mm and depicts the port of Ehoala on front, and Valiha and Zafimaniry carved wooden objects on back.

The blue 20,000-ariary note measures 149 x 81 mm and depicts the nickel processing plant at Ambatovy on front, and vanilla, rice, and lychees on back.


Courtesy of Jérémy Pureur.

____

Aditya
Caution. The low-hanging fruits are still there maybe for a reason.

Offline pargoo

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Re: Madagascar: New Family of Banknotes Planned
« Reply #3 on: July 12, 2017, 01:40:12 PM »
First view looks promising.  Way nicer than the previous series imho :)

Offline Bimat

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Madagascar: New Family of Banknotes Planned
« Reply #4 on: July 18, 2017, 05:54:11 AM »
Madagascar launches high-denomination banknote

Rachael King
17 Jul 2017

The Central Bank of Madagascar will use a number of different substrates for its new currency series, whose first banknotes were launched today (July 17).

The central bank revealed it would launch four new Malagasy ariary banknotes this month and another four later in the year. The theme for the series is the celebration of the “wealth of Madagascar”.

Among those released this month is the new MGA20,000 ($6.80) note, which is being printed on Giesecke and Devrient’s (G&D) Louisenthal hybrid substrate [...]

Source: Central Banking

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Caution. The low-hanging fruits are still there maybe for a reason.

Offline eurocoin

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Re: Madagascar: New Family of Banknotes Planned
« Reply #5 on: July 18, 2017, 09:14:50 AM »
Rest of the article:

This new denomination, the central bank said, will “meet the needs of the economy”.

G&D is also printing the MGA10,000 banknote, but the remaining denominations are being produced by different suppliers. This multi-substrate approach appears to be a growing trend among countries, with the Central Bank of the Bahamas choosing to employ three different substrates for its new series due out in 2018.

Like its Bahamian counterpart, Madagascar’s central bank said security was the key stimulus behind such a decision, as the old series has been circulating for over a decade. The new “more modern and safer” series will use the “most reliable” security features, the central bank said.

Both high-denomination notes (MGA20,000 and the MGA10,000) will feature G&D’s RollingStar thread, a representative from the banknote printer tells Central Banking.

“Vivid, striking and absolutely stunning, the RollingStar makes security even more attractive by combining movement with changing colours for the first time,” says the marketing material on the new feature.

The printer uses millions of miniscule mirrors, positioned at specific angles that, when moved towards light, allow for small images to move up and down the thread. Combined with “multi-layer vapour deposition”, the thread also changes colour through tilting.

G&D has also teamed up with Swiss firm Sicpa, which has integrated its Spark Live technology into the thread. The Bank of Poland also issued this combination of features in its PLN200 ($54.57) note released in 2016.

Madagascar banknotes
New banknotes to be released in 2017
French printer Oberthur is printing the mid-sized denominations (5,000 and 2,000), and will integrate its DualTrack thread technology, personalised for each customer.

The feature combines two non-adjacent threads with different visual effects that are connected by bridges. “Negative patterns and/or texts are incorporated in perfect register on both tracks and across the bridges,” the printer says.

Taking on the role of the printer

Not many details are known about the smaller denominations (1,000, 500, 200 and 100), which will be issued in September 2017. But Central Banking has learned the MGA500 note will be printed on the Banque de France hybrid substrate EverFit.

The substrate, which was created in the belief no single material could address all durability requirements of a banknote, encases a piece of cotton with two thin films of polymer. Such a composition, the French central bank says, makes this substrate perfect for low-denomination banknotes that are subject to “aggressive situations regarding climate and user behaviour”.

In 2014, the first circulation trials for EverFit were held in Madagascar. But the Central Bank of African States was the first to use the hybrid substrate – for three denominations launched in March 2015. The Madagascan central bank established a “monitoring protocol” to analyse the behaviour of the EverFit notes in comparison with standard varnished ones.

Central Banking has learned the Banque de France and Swiss company KBA-NotaSys are currently in the process of developing a machine, the NotaLamina, specifically designed for the production of EverFit notes. It is believed the NotaLamina will be running in mid-2017, and available on the market as of mid-2018.

Offline Bimat

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Madagascar: New Family of Banknotes Planned
« Reply #6 on: July 22, 2017, 03:51:30 PM »
The first set of high value banknotes (MGA 2000, 5000, 10,000 and 20,000) was issued on July 17.

Image Source: Banknote News

Aditya
Caution. The low-hanging fruits are still there maybe for a reason.

Offline eurocoin

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Re: Madagascar: New Family of Banknotes Planned
« Reply #7 on: July 22, 2017, 05:29:14 PM »
The obverses of the 10,000 and 20,000 Ariary notes are way too packed. Other designs are ok.