Here in South Africa there is a new issue of bank notes under way. This is the third series of notes in the 30 years I have lived here. Obviously security systems are an issue and need to be improved, but how often does your country issue a totally new design of notes?
After Monday and Tuesday even the calendar says WTF...
The USA finally made a series of changes in our paper money ($5, 10, 20, 50 & 100) about 6-7 years ago, (after almost no changes since the 1930's) with further refinements in progress for the last year. We still have the $1 bill, despite attempts to encourage a coin. The recent changes have included larger portiates, offset from center, revision of the pictures of government buildings in the back side, more microprinting, revisions of the security strip, the value of the bill and other symbols in different colors in the background and other changes, all done to prevent color photocopying/scanning and printing on color printers via computers.
In the UK, the only note which hasn't been changed in the last 6 years is the £50 note. All the new ones have new security features, and the same new font in the top left have corner, whilst the £50 is the older style one. Maybe the £50 hasn't been changed because it isn't as common as the other notes?
I remember that when the new £5 was brought out, they had to be re-called due to the paper used, and the ink and serial numbers rubbing off. All is OK now with them.
Here in Canada we are in the process of changing money. All of the bills have been changed to the new more colourful design with Braille on the top part. We have notes in 5,10,20,50,100 and coins in .01,.05,.10,.25,1, and 2. We call one dollar coins loonies and two dollar coins twonies.
We had a big change during the 90's when we went from money being made from paper to what is esentially plastic. As a result the designs changed and there are clear windows on it which makes the notes much harder to counterfeit. A few years back the design of the $5 note was changed, but appart from that I'm not to sure how often the money has changed.
Just BTW I really like Australian money - being plastic means it doesn't mind getting wet or washed in the washing machine, and it slips in and out of the wallet more easily. While I am a fan of the Euro, the actual notes are boring - I wish they'd put more interesting pictures on them. The coins are much more interesting.
Young and beautiful and thin and gorgeous AND BANNED ! Cya at airspaceonline.com, losers
The USA is attempting to change the design of every note above $5 every 7 years.
The only way a $1 coin will be successful in the USA is if the $1 note (bill) is discontinued. That's what the UK and Canada did. Unfortunately, the lobbyists (many working for Crane paper) are powerful, so 30 years of attempting to discontinue the $1 note have been unsuccessful.
Our bills are only ten years old but they already announced new ones because there are new safety features. BTW this is the main problem with the US Dollar. They have all the same size and color and are probably the easiest of all major currencies to counterfeit (€, $, £, ¥, CHF)