May-10-2023
South Africa -10 and 20 rand denominations of the new family of notes are in circulation
The new banknotes of 10 rand (ZAR10.8) and 20 rand (ZAR20.7) are now in active circulation. Source: Romanna.com Courtesy: Gabriel’s...
Africa
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May-9-2023
South Africa – Spelling in new 100 rand banknote.
A change in the Xitsonga translation of “Reserve Bank” as “Bangikulu” found in the lower left corner of the reverse...
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May-3-2023
South Africa – New banknotes announced.
The South African Reserve Bank announced today, 3 May 2023, that it will issue new coins an banknotes. The new...
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Apr-12-2023
Egypt – What happened with the announced new banknote of 20 pounds?
The design of the new polymer banknotes of 20 pounds (EGP20.2) which were supposed to be issued to circulation...
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Mar-28-2023
Nigeria – Old notes circulate widely; banks increase cash limits and are open on weekends.
After months of chaos the Central Bank of Nigeria has decided to obey the Supreme Court ruling making old notes...
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Mar-13-2023
NIGERIA – Central Bank issues Press Release confirming legal tender status of older notes.
The Central Bank of Nigeria has issued today a Press Release in which it informs that “In compliance with the established...
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Mar-10-2023
Algeria – Release of regular new 2,000 dinars banknote is imminent.
According to unconfirmed reports the printing of the new regular banknotes of 2,000 dinars (DZD2,000.4), similar to the commemorative ones...
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Mar-8-2023
NIGERIA – Current status of naira banknotes.
This is the current situation in respect to the old naira banknotes of 500 (NGN500.1) and 1,000 naira (1,000.1.) ...
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Mar-7-2023
NIGERIA – Silence from the Central Bank.
Following last week’s ruling of the Supreme Court ordering all older banknotes to remain in circulation until the end of...
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Mar-3-2023
NIGERIA – Supreme Court orders older banknotes to remain valid until the end of the year.
The Supreme Court ordered today that the banknotes of the previous family will retain legal tender status until the end...
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Feb-28-2023
Central African States – Banknotes of the 1992 Series cease to be legal tender today.
The banknotes of the 1992 Series of 500 francs (XAF500.1) – 1,000 francs (XAF1,000.1) – 2,000 francs (XAF2,000.1) – 5,000...
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Feb-20-2023
Nigeria – Chaos in currency situation.
With Presidential elections slated for this weekend these are some of the things that happened in the last few days...
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Feb-18-2023
Nigeria – Council of State advises Central Bank to print more new notes or recirculate the old ones.
The National Council of States, an organ of the Nigerian Government which has no executive power, but advises on policy...
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Feb-18-2023
Nigeria – Central Bank opens portal for the redemption of old 500 and 1,000 naira banknotes.
The Central Bank of Nigeria has reopened the redemption of previous banknotes of 500 (NGN500.1) and 1,000 naira (NGN1,000.1) through this...
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Feb-16-2023
Nigeria – Old notes of 200 naira continue to be legal tender for 60 days.
In a message to the nation President Buhari decreed that old banknotes of 200 naira (NGN200.1) (=USD 0.26 in the...
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Feb-15-2023
Nigeria – Supreme Court adjourns until 22 February
The Supreme Court decided today to adjourn until next Wednesdays 22 February to decide on the demonetization of the previous...
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Feb-10-2023
Nigeria – Government will comply with Supreme Court injunction.
Abubakar Malami, Attorney General of the Federation, declared today that the Government will comply with the Supreme Court interim suspension...
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Feb-8-2023
Nigeria – Supreme Court suspends demonetization of old banknotes. Political battle ensues.
Yesterday Nigeria’s Supreme Court granted at the request of three State Governors an interim injunction to the demonetization of naira...
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Feb-7-2023
Nigeria – Legal battle over older naira banknotes redemption.
The poor way in which the exchange of old for new naira banknotes has been planned and executed by the...
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Feb-7-2023
Nigeria – Political and legal ramifications of the naira redesign.
The naira redesign operation snafu is getting more complicated. Other than the chaos and suffering caused by the way in...
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Feb-5-2023
Nigeria – State Governors meet President Buhari over cash crisis.
State governors from the All Progressives Congress, the ruling party, have meet yesterday 4 February 2023 with President Muhammadu Buhari...
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Feb-4-2023
Nigeria – Central Bank asks for ‘understanding’.
As reported today in The Nation Godwin Emefiele, Governor of the Central Bank of Nigeria, has asked Nigerians to show...
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Feb-3-2023
Gambia – New family of banknotes is in the works.
The Central Bank of The Gambia has reached in August 2022 an agreement with De La Rue for the printing...
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Jan-29-2023
Nigeria – Central Bank extends redemption of withdrawn banknotes.
The Central Bank of Nigeria has announced today 29 January 2023 that the redemption of older banknotes, subject to limits...
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Jan-26-2023
Somalia – New banknotes in mid-2024.
Ali Yasin Wardhere, Deputy Governor of the Central Bank of Somalia, told Xinhua in a recent interview that there are...
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Jan-22-2023
Nigeria – Central Bank authorizes (very) limited cash exchange in rural areas.
With only 8 working days left before they become worthless the Central Bank of Nigeria has authorized the direct exchange...
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Jan-21-2023
Sierra Leone – Old currency still being used.
Old pre-redenomination banknotes are still prevalent in the market. They were originally to be demonetized by end-September 2022. The date...
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Jan-17-2023
Somalia – Central Bank plans to issue a new banknote.
Bloomberg reports that the Central Bank of Somalia plans to issue in 2024 redesigned banknotes of 1,000 shillin (SOS1,000.2). Presently...
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Jan-10-2023
Nigeria – Bank cash withdrawals limited to NGN20,000 per week for individuals.
As of yesterday the Central Bank of Nigeria has limited cash withdrawals from bank accounts by individuals to NGN20,000 (=...
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Jan-5-2023
Somalia – Central Bank calls for printing of new banknotes.
Yesterday, 4 January 2023, in a meeting in Mogadishu chaired by Prime Minister Hamza Abdi Barr the Central Bank of...
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Jan-4-2023
Nigeria – Senate urges Central Bank to extend old banknotes withdrawal.
The Nigerian Senate has urged the Central Bank to extend the withdrawal period of previous banknotes of 200; 500 and...
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Dec-22-2022
Nigeria – Cash withdrawal limits increased.
The Central Bank of Nigeria has increased the limits for weekly cash withdrawals for individuals to NGN500,000 (=USD700 or USD1,120...
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Dec-19-2022
Nigeria – New banknotes issued today. Previous ones will be demonetized soon.
The supply of new banknotes received by commercial banks has proven to be insufficient to meet demand, forcing them...
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Dec-15-2022
Central African Monetary Union – New family of notes issued today.
The Banque des Etats de l’Afrique Centrale (BEAC) has issued today its new banknotes of the “Type 2020”. These will...
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Dec-15-2022
Nigeria – New banknotes issued today. Previous ones will be demonetized soon.
The banknotes of the new 2022 family started circulation today. Previous notes of 200 naira (NGN200.1), 500 naira (NGN500.1)...
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Dec-10-2022
Nigeria – New banknotes distributed to banks, ready to be issued.
The Central Bank of Nigeria has begun distribution of its new redesigned banknotes to commercial banks on Wednesday. Banks may...
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Dec-7-2022
Nigeria – Cash withdrawals to be limited.
The Central Bank of Nigeria has issued yesterday 6 December 2023 a letter to banks ordering them to limit over the...
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Nov-23-2022
Nigeria – New banknotes revealed.
The Central Bank of Nigeria unveiled today the new banknotes to be issued on 15 December 2022. The new...
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Nov-22-2022
Central African Monetary Union – New family of notes presented today.
The Banque des Etats de l’Afrique Centrale (BEAC) has revealed the design of the new family of banknotes “Type...
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Nov-8-2022
Central African Monetary Union – New family of notes to be revealed later this month.
The Bank of the Central African States (BEAC) announced yesterday the celebration of its fiftieth anniversary. During this ceremony,...
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Nov-7-2022
South Africa – More details about new banknotes.
We have received information from the Reserve Bank of South Africa about the new banknotes to be released next year....
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Nov-6-2022
Algeria – Controversy about use of English on new banknote.
The use of English language in the new banknote commemorative of the 31st Ordinary Session of the Council of the...
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Nov-3-2022
South Africa – A new family of banknotes next year.
According to unconfirmed reports Reserve Bank of South Africa is planning to introduce a new family of banknotes in the...
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Nov-1-2022
Nigeria – Black market dollar rate reach 200% of official rate.
At an average of 880 naira per USD the black market rate of the American dollar has surpassed the 200%...
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Oct-31-2022
Algeria – New commemorative banknote to be issued on November 2. – Corrected
Banque d’Algérie published today the image of the new banknote of 2,000 dinars (DZD2,000.3) commemorative of the 31st Ordinary Session of...
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Oct-29-2022
Nigeria – Finance Ministry not informed in advance of currency replacement.
Zainab Ahmed, Minister for Finance, declared yesterday that the Central Bank of Nigeria did not consult her ministry before taking...
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Oct-28-2022
Nigeria – New banknotes and the value of naira.
The replacement of the old banknotes recently announced, and the short period given for their replacement, are affecting the value...
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Oct-27-2022
Sudan – Varieties in the 2019 1,000 pounds banknote.
The position of the serial numbers in the 1,000 pounds banknote dated 2019 (SDG1,000.1) presents two varieties: SDG.1,000.1A Notes of...
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Oct-27-2022
Central African Monetary Union – Will the new banknotes be issued in November?
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Oct-27-2022
Algeria – Additional details of new commemorative banknotes.
Banque d’Algérie will issue next week two polymer commemorative banknotes of 2,000 dinars. The first one (DZD2,000.2) commemorates the 60th...
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Oct-26-2022
Algeria – New banknote commemorative of the Arab League Summit.
Banque d’Algérie has issued a 2,000 dinars banknote (DZD2,000.2) commemorative of the 31st Ordinary Session of the Council of the...