News

Kazakhstan 10,000-tengé note named IBNS Bank Note of the Year 2011

The International Bank Note Society (IBNS) announces that its voting membership has selected the National Bank of Kazakhstan to receive its prestigious “Bank Note of the Year” Award for 2011. Facing stiff competition as always from almost 100 new banknotes released worldwide in 2011, the 10,000 Tenge denomination Kazakhstani note [NBK B38 (PNL)] was followed in voting by the Canada 100 Dollar and Gibraltar 100 Pound currency bills [GOG B34 (P39)].

Now in its 51st year, the IBNS has over 2000 members worldwide. As a non-profit educational organization its objectives are to promote, stimulate and advance the study, collection and dissemination of information related to paper money. From all significantly newly designed and widely circulated banknotes released in 2011, the IBNS board of directors nominated notes from 12 different countries to place on the ballot. Nominees represented 5 continents and ranged from the fledgling country of South Sudan to the venerable Bank of England. Past “Bank Note of the Year” winners include Uganda (2010), Bermuda (2009), Samoa (2008), Scotland (2007), Comoros (2006), Faeroe Islands (2005) and Canada (2004).

The 2011 winning banknote was designed collaboratively by De La Rue of England and the National Bank. The Banknote Factory of the National Bank of Kazakhstan undertook the printing. The 10,000 Tenge bill has a face value of approximately 68 U.S. dollars or 53 euro or 42 British pounds at mid-May 2012 exchange rates. The note was released 4 July 2011 with a circulation of 30 million pieces to commemorate 20 years of Independence for the Republic of Kazakhstan. Slightly larger than either the 50 euro or U.S. dollar bills, its size is almost identical to the English 20 pound note.

Original source: www.banknotenews.com.