In Other News

  • Syria has issued a new currency, removing portraits of the Assad family and redenominating to remove two zeroes. The launch ceremony was held at the Conference Palace in Damascus in December, heralding the start of a comprehensive monetary transition to rebuild confidence in the nation’s financial system.

The new banknotes are now denominated in 10, 25, 50, 100, 200, and 500 Syrian pound notes. Then portraits of the former presidents (Basher Assad and his father) have been replaced with images of plants, crops and animals such as such as wheat, olives, oranges, mulberries, roses, and horses, and the overall designs are both modern and colourful, all of which is intended to be both politically neutral and symbolise a break with the past.

The security features common to all the notes are a mould made watermark depicting the Syrian eagle and an electrotype of the denomination numeral, and the HMC (Hidden Multi Color) and MVC (Moiré Variable Color) features combining offset print with embossing that change colour according to the viewing angle. The three highest denominations include what appear to be micro-optics threads in different colours, showing the numeral or the letters SP depending on the viewing angle. The 50, 25, and 10 pounds have diffractive threads in gold, silver and pink respectively.

Whilst the name of the supplier has not been disclosed, it is assumed that it is the Russian state printer Goznak, producer of Syria’s banknotes in the past, owing to the inclusion of the HMC and MVC features, and their Mobile micro-optics thread.

The new and old notes will co-circulate for a period of 90 days, after which the old notes will be withdrawn.

  • The Reserve Bank of Zimbabwe has announced new banknotes will be issued within the first three months of 2026, marking the final phase of its efforts to mobilise physical cash for the Zimbabwe Gold (ZiG) currency.

The redesign will cover all the denominations originally planned for issue in 2024, of which only the 10 and 20 Zigs were ever introduced.

  • The government of the Atlantic island of St Helena has unveiled a new series of polymer banknotes in £5, £10, and £20 denominations. The £5 notes was last redesigned in 1998, and the £10 and £20 notes in 2004.

Designed and produced by De La Rue on its SAFEGUARD® substrate, the fronts feature a portrait of King Charles III and part of the nation’s coat of arms: a shield with the St Helena plover (or ‘wirebird’) at the top and a three-masted sailing ship in a mountainous coastal scene. The reverses depict Jonathan the Tortoise – believed to be the world’s oldest living animal, at an estimated 193 years old, resident on St Helena – and the dwarf ebony, a flowering plant endemic to the island.

Security features include clear windows, shimmer effects that become evident on tilt, raised ink and tactile dots, micro-text, and UV fluorescence. The dots, found in the bottom right-hand corner of each note, signify their denomination to assist people with visual impairments.

  • Kazakhstan has introduced a new 500 tenge banknote into circulation. The fifth in the Saka Style series, this new note reflects the country’s rich cultural heritage, from nomadic traditions to present day society, and a blending of history and modernity.

There remains just one note now to be issued in the new Saka series – the 20,000 tenge – which will be released later this year.

  • The Central Bank of Oman has issued a 1 Omani rial (OMR) polymer commemorative banknote, a first in its history. It was printed on CCL Secure’s GUARDIAN™ by Giesecke+Devrient, and marks a departure from the circulating cotton banknotes, offering particular durability and security features.

The design incorporates national achievements such as the Oman Botanic Garden on the front, and the Sayyid Tarik bin Taimour Cultural Complex, Duqm Port and Refinery on the rear, celebrating Omani identity.

Security features include a large transparent window in the shape of the arched windows of the Botanic Garden – embedded within which is a colour-shifting foil depicting a frankincense tree, a symbol of Oman’s cultural. On the reverse, the images are printed using IRISWITCH® optically variable colour-changing ink, producing a pearlescent effect that shifts with the viewing angle.

The new note is legal tender and will circulate alongside existing notes.

  • The Central Bank of Seychelles has issued an updated 500 Seychellois rupee banknote, which will co-circulate alongside the existing design, in which the superwide Optiks thread (which has now been discontinued as a security feature) has been replaced with a holographic stripe containing multiple security features including FILIGREE™, DEPTH™ and PUREIMAGE™. The note was produced by De La Rue, as was its predecessor.

The Optiks thread in the 500 rupee of 2016 was laid over a transparent oval window in which was displayed the Seychelles vinegar fly. The holographic stripe that replaces it depicts a Hawksbill turtle, one of Seychelles’ most recognisable marine species. The turtle appears to move through stylised waves when the note is tilted.

The new note retains the diffractive patch featuring the national coat of arms of its predecessor, but also includes a security thread that changes from red to green when tilted, and depicts small turtles.

When tilted, the numeral ‘500’ become visible. Included within the print design, meanwhile, are Enhanced GEMINI™ and SPARK™.

  • The Central Bank of Bosnia and Herzegovina has announced the anticipated issue of new, improved banknotes in 2028, coinciding with the 30th anniversary of its establishment. No major changes are expected in design; however, security features will be improved, environmentally friendly materials will be used, and they will be enhanced to help people with visual impairments.
  • The Central Bank of Trinidad and Tobago has announced that its new coat of arms, which features the steelpan, will appear on its banknotes from August, beginning with the Series 2026 $100. Following this, all other denominations from the 2019 series will be phased in. At the same time, the security of the 2019 series will be improved, including an enlarged window.
  • The Central Bank of Comoros has issued new 5,000 and 10,000 Comorian franc banknotes, dated 2025 and featuring the same portraits and designs as the previous notes (issued in 2006) but with enhanced security features.

These include an updated UV fluorescent diffractive stripe from Hueck Folien featuring the Mohéli star and the letters BCC, and the country’s national emblem in SPARK Live®.

The notes, which were produced by Banque de France, will co-circulate with the 2006 notes.

  • Russia has introduced a new version of its 1,000 ruble banknote, featuring symbols of the Volga region. The front design continues to depict the Nizhny Novgorod Kremlin, with the back now showing the Meteor motor ship (which was chosen by popular vote), the Palace of Farmers in Kazan, and the Saratov Automobile Bridge over the Volga.

The new design will be introduced into circulation by the end of 2026, with the old designs remaining in circulation.

  • The Czech National Bank (CNB) has issued a commemorative 100 korun banknote, the third in a series to mark the central bank’s centenary, which was founded after the 1st World War and the dissolution of the Austro-Hungarian Empire as the successor to the Austro-Hungarian Bank.

The first note in the series, issued in 2019, featured a portrait of Alois Rašín, Czechoslovakia’s first Finance Minister, and the second, in 2022, Karel Engliš, another Finance Minister and Governor of the Bank. The latest note features a portrait of Vilém Pospíšil, the CNB’s first Governor.

The banknote, which was printed by STC, includes two types of watermark, a security thread, microtext, and latent image. The denomination numeral appears in SPARK® Flow

The print run was 20,000 notes.

  • The Central Bank of Honduras has issued a new 200 lempiras banknote as part of efforts to modernise cash in circulation. The design of the new note pays tribute to Bertha Isabel Cáceres Flores, an environmental leader and defender of indigenous rights in Honduras, the first woman to appear on a Honduran banknote. The reverse depicts a view of the city of La Esperanza in the Intibucá department, along with images of the natural landscape.

The notes were printed by Crane Currency and include a RAPID® HD Detect thread (as do the 100 and 500 lempiras), along with watermark, fibres, colour-changing ink and fluorescence. 20 million of the notes were produced.

The 200 lempira was first issued as part of a commemorative series marking the bicentennial of Honduran independence. Before then, the two highest denominations were the 100 and 500 lempiras respectively.

  • The Central Bank of Taiwan is opening up the selection of the designs of the New Taiwan Dollar banknote series to a public vote. Work on the redesign, with its overall theme of ‘Taiwan’s Beauty’, was announced last year (see CN October 2025), and the Bank is proposing 12 different themes that people can vote for online. They include harmony and inclusion, sustainable development, sports, artistic aesthetics, architectural beauty, technological innovation, traditional festivals, artisanship, island ecology, plant conservation, animal conservation and the brilliance of women.

This is the first redesign since 2001, and the new notes will start going into circulation some two and a half years after the final theme selection.

  • Last month we provided details of Lesotho’s new maloti (M) banknote series. The M50, M100, and M200 denominations have been printed on Louisenthal’s Hybrid® composite substrate and features its RollingStar® security thread. The M10 and M20 have been printed on Oberthur’s Bioguard™ paper with Highlink™ and sisal fibres, further protected with Bioguard™ Ultra+ varnish. They also include Oberthur’s Anima™ micro-lens 4mm wide thread, and its Avalon™ interactive ink that changes colour when rubbed.