Demonetization

• Jul-1-2022

  Sierra Leone – ISO 4217 code for the redenominated monetary unit is SLE. Limits for exchanges.

  The code for the new redenominated Leone is SLE. One new Leon (SLE) is equal to 1,000 old leones (SLL)...

• Jun-30-2022

  Sierra Leone – Redenominated family of banknotes to be issued tomorrow.

  According to a Public Notice issued on 16 June 2022 the new redenominated banknotes will start circulating tomorrow 1 July...

• Jun-4-2022

  Cuba – Redemption extended for pesos convertibles.

  Banknotes denominated in pesos convertibles (CUC) will be redeemable for additional 90 days starting 17 June until 14 September 2022...

• Dec-30-2021

  Cuba – Redemption of pesos convertibles ends tomorrow.

  Tomorrow is the last day for Cubans to redeem banknotes denominated in “Pesos Convertibles”. First issued in 1994 by Banco...

• Dec-27-2021

  Mongolia – CORRECTION – Demonetization of older 20,000 tugruk banknotes.

    Only the banknotes of 20,000 tugruk dated 2006 (MNT20,000.1) will be demonetized on 1 March 2022. The banknotes dated...

• Dec-20-2021

  Portugal – Escudo banknotes to be demonetized soon.

  These Portuguese banknotes will cease to be redeemable by 28 February 2022. PTE500.13  500 escudos 1997-2000  Ch.13   PTE1,000.13  1,000...

• Dec-14-2021

  Pakistan – Redemption of older notes extended.

     You saw it first here… The Federal Cabinet chaired by Prime Minister Imran Khan approved today 14 November 2021...

• Oct-29-2021

  Trinidad and Tobago – Status of paper 50 dollar notes.

  As there were doubts about the validity of cotton paper banknotes of 50 dollars (TTD50.2 and TTD50.3) the Bankers Association...

• Sep-19-2021

  Argentina – Again more time to redeem 5 pesos banknotes.

    The Banco Central de la República Argentina issued on 16 September 2021 its Communication “A” 7366 by which it...

• Jun-24-2021

  SPAIN – Banco de España simplified peseta note exchange. It may extend validity.

  Banco de España announced that it will stop requiring appointments to exchange peseta notes and coins. Instead it will receive...

• Jun-22-2021

  SPAIN – Peseta Banknotes cease to be redeemable at the end of the month.

  Banco de España will stop exchanging banknotes and coins denominated in pesetas at the end of the month. The original...

• Jun-16-2021

  Cuba – Redemption of pesos convertibles extended.

     You saw it first here… According to news published today 16 June 2021 by Granma an Executive Order of...

• Mar-14-2021

  South Sudan – Currency replacement.

     You saw it first here… According to an article published yesterday by Kenya Wall Street the Bank of South...

• Feb-8-2021

  Myanmar – Government denies rumors of demonetization of large bills.

     You saw it first here… Rumours and fake news were spread in social media about the demonetization of large...

• Dec-23-2020

  Kazakstan – Redemption of some 2006 banknotes extended.

     You saw it here first… The National Bank of the Republic of Kazakstan extended the period for redeeming banknotes...

• Dec-11-2020

  Cuba – End of pesos convertibles.

    Miguel Díaz Canel, Cuba’s president, and Raul Castro, heard of the Cuban Communist Party, announced late yesterday that the...

• Nov-17-2020

  Spain – Exchange of peseta banknotes and coins extended for six months.ourt

     You saw it here first,,, The Minister Council has decided today to extend the time for the redemption of...

• Oct-15-2020

  Ethiopia – Foreign Ethiopian missions will exchange old notes for expats.

  The National Bank of Ethiopia said that Ethiopian foreign missions will start changing new banknotes for the old ones to...

• Sep-25-2020

  Argentina – More time for the redemption of 5 pesos banknotes.

  Because of COVID-19 restrictions, the Banco Central de la República Argentina has once again extended the term for the redemption...

• Sep-15-2020

  Ethiopia – Shorter period for exchange of large amounts of older notes.

     You saw it first here Ethiopian Prime Minister Abiy Ahmed declared yesterday that although the term for the exchange...

• Sep-14-2020

  Ethiopia – Older banknotes demonetized.

       You saw it here first Ethiopia has given three months for the co-circulation of the previous notes of...

• Sep-3-2020

  Ukraine – Small banknotes retired from circulation.

  All banknotes of 1 hryvnia (UAH1.1/2/3) and 2 hryvni (UAH2.1/2/3) will cease to be legal tender at the end of...

• Jul-12-2020

  Algeria – New banknotes and the black market.

  Several articles in the Algerian press mention that the recent issue of new banknotes  is part of an operation geared...

• Jul-7-2020

  Angola – New family of notes presented.

     You saw it first here! In a ceremony that took place today 7 July 2020, José de Lima Massano,...

• May-23-2020

  Argentina – More time to redeem 5 pesos banknotes.

  Because of COVID-19 restrictions, the Banco Central de la República Argentina has again extended the term for the redemption of...

• Apr-27-2020

  Kazakhstan. Banknotes to be demonetized.

  The following banknotes issued in 2006 will lose all value at the dates indicated:         1,000 tenge (KZT1,000.3)...

• Jan-29-2020

  Argentina – Five pesos banknotes redemption extended.

  The Banco Central de la República Argentina extended the legal tender status of the three types of 5 pesos banknotes...

• Jan-7-2020

  Argentina – All 5 pesos banknotes become obsolete at February’s end.

  All Argentinian 5 pesos banknotes will lose all value at the end of February 2020. Click here to order the...

• Dec-20-2019

  Tunisia – Demonetized banknotes.

  The following Tunisian banknotes will lose all value by the end on the year: 5 dinars 1993-2008  (TND5.6)  10 dinars...

• Dec-20-2019

  Turkey – Banknotes in “yeni” lira demonetized on 31 December.

  The time to redeem Turkish banknotes denominated in “yeni” (new) lira expires on 31 December. The banknotes to be demonetized...

• Dec-14-2019

  Trinidad and Tobago – Guidelines for paper $100 banknotes coming soon.

  The Central Bank of Trinidad and Tobago has advised yesterday that formal guidelines for the redemption of paper banknotes of...

• Dec-10-2019

  Trinidad and Tobago – Paper 100’s demonetized after end of year.

  Act No. 22 of 2019 establishes that paper 100 dollar banknotes (TTD100.1; TTD100.2; TTD100.3 and TTD100.4) will cease to be legal...

• Dec-9-2019

  Trinidad and Tobago – Paper $100 notes to be retired by year’s end.

  The Central Bank of Trinidad and Tobago announced today that all current paper 100 dollar banknotes (TTD100.1; TTD100.2; TTD100.3 and...

• Nov-23-2019

  Switzerland – Unlimited redemption of old banknotes.

  In its session of 19 November the Swiss Federal Council approved the decision to eliminate the time limit for the...

• Oct-1-2019

  Switzerland – Unlimited redemption for older notes NOT yet approved.

  CORRECTION!!! Our posting of 21 June 2019 stating that the Swiss banknotes of the prior issue will be redeemable without...

• Sep-29-2019

  Kenya – Comments on demonetization of old 1,000 shilling banknotes.

  Paul Mafula writes today in The Nation that while the demonetization of the old 1,000 shilling banknotes (KES1,000.1 and KES1,000.2)...

• Sep-20-2019

  Kenya – Ten days to use or redeem old 1,000 shilling notes.

  If the Central Bank of Kenya does not extend it, September 30 is the last day to redeem the old...

• Sep-15-2019

  Kenya – No extension for old 1,000 shillings banknotes.

  Patrick Njoroge, Governor of the Central Bank of Kenya, has said yesterday the there will be no extension for the...

• Jul-1-2019

  Oman – Older notes withdrawn from circulation.

  The Central Bank of Oman has “set a period of one month only as of July 1st, 2019, to replace...

• Jun-21-2019

  Switzerland – Older banknotes redeemable without time limit.

  The Federal Government decided that the Swiss National Bank will continue to redeem without time limit the banknotes of the...

• Jun-12-2019

  Kenya – Banks are required to provided CBK with weekly banknote redemption reports.

  The Central Bank of Kenya has issued a circular addressed to all banks, in which it requires them to report...

• Jun-11-2019

  Kenya – Rules for the exchange of old 1,000 shilling notes.

     THESE BANKNOTES REMAIN IN CIRCULATION UNTIL 30 SEPTEMBER 2019. The Central Bank of Kenya established rules for the exchange...

• Jun-4-2019

  Kenya – Status of old KES 1,000 banknote

    According to unconfirmed reports it is most likely that the old 1,000 shilling banknotes (KES1,000.1A/B/C and KES1,000.2A/B/C) will become...