Paper Money History: 20th Century The Evolution of World Banking and Monetary Standards

By the end of the 20th Century, all nations in existence had issued their paper money, they include:

No Date Country Issuing Authority Paper Money Issued

1. 1971 Bangladesh Peoples Republic of Bangladesh 1,5,10 rupees

2. 1971 Cayman Islands Cayman Islands Currency Board 1,5,10,25 dollars

3. 1971 Chad Central Bank 10,000 francs

4. 1971 Congo Banque des Etats de l’Afrique Central 10,000 francs

5. 1971 Gabon Central Bank 10,000 francs

6. 1971 Zaire Bank of Zaire 50 makuta, 1,5,10,50 zaires

7. 1973 Mauritania Central Bank of Mauritania 100,200,1000 ouguiya

8. 1973 Qatar Qatar Monetary Agency 1,5,10,50,100,500 ryals

9. 1973 United Arab Emirates United Arab Emirates Currency Board 1,5,10,50,100,1000 dirhams

10. 1974 Belize Government of Belize 1,2,5,10,20 dollar

11. 1974 Bhutan Royal Government of Bhutan 1,5,10,100 ngultrum

12. 1974 Central African Republic Banque des Etats de l’Afrique Central 500,1000,5000,10000 francs

13. 1974 Swaziland Monetary Authority of Swaziland 1,2,5,10,20 emalangeni

14. 1975 Guinea-Bissau National Bank of Guinea-Bissau 50,100,500 pesos

15. 1975 Papua New Guinea Bank of Papua New Guinea 2,5,10,20 kina

16. 1976 Botswana Bank of Botswana 1,2,5,10,20 pula

17. 1976 San Marino Cassa di Risparmio 150,200 lire

18. 1977 Cape Verde Bank of Cape Verde 100,500,1000 escudos

19. 1977 Sri Lanka Central Bank of Ceylon 50,100 rupees

20. 1979 Lesotho Lesotho Monetary Authority 2,5,20,20 maloti

21. 1980 Zimbabwee Reserve Bank of Zimbabwee 2,5,10,20 dollars

22. 1982 Vanuatu Central Bank of Vanuatu 100,500,1000,5000 vatu

23. 1985 French PacificTerritories Insitute d’Emmision d’Outre-Mer 500,1000,5000,10000 francs

24. 1986 Aruba Central Bank of Aruba 5,10,25,50,100 florin

25. 1990 Myanmar Central Bank of Myanmar 1 kyat

26. 1990 Slovenia - Republic Republic of Slovenia 1,2,5,10,50,100,200,500,1000,5000 tolarjev

27. 1990 Ukraine Treasury – coupon issue Various karbovantsiv values

28. 1991 Belarus First Control Coupon Issue 20,50,75 ,100 rublei

29. 1991 Croatia - Republic Republic of Croatia 1,5,10,25,100,500,1000,2000,5000,10000,50000,100000 dinara

30. 1991 Estonia - Republic Bank of Estonia 1,2,5,10,25,100,500 krooni

31. 1991 Lithuania Bank of Lithuania 0.10,0.20,0.50,1,3,5,10,25,50,100 talonu

32. 1992 Bosnia-Herzegovina Narodna Bank Bosne I Hercegovine 500,1000 dinara

33. 1992 Latvia - Republic Government 1,2,5,10,20,50,200,500 rublu

34. 1992 Macedonia National Bank of Macedonia 10,25,50,100,500,1000,5000,10000 denar

35. 1992 Moldova - Republic Minister of Finance –coupon issues National Bank of Moldova

Various Ruble values 50,200,1000,5000 cupon

36. 1992 Tatarstan Treasury – coupon issues 50 roubles

37. 1993 Central African States Banque des Etats de l’Afrique Central2500,1000,2000,5000,10000 francs

38. 1993 Czech Republic Czech National Bank 100,500,1000 korun

39. 1993 Georgia – Republic Georgian National bank 5,10,50,100,500,1000.5000,10000 laris

40. 1993 Kazakhstan Kazakhstan National Bank 1,2,5,10,20,50 tyin,1,3,5,10,20,50,100,200,500,1000,2000 tenge

41. 1993 Kyrgystan Kyrgyz Republic 1,10,50 tyiyn

42. 1993 Namibia Bank of Namibia 10,50,100 namibia dollars

43. 1993 Slovakia Republic of Slovakia 20,50,100,500,1000 korun

44. 1993 Turkmenistan Central Bank of Turlmenistan 1,5,10,20,50,100,500,1000,5000,10000 manat

45. 1993 Uzbekistan - Government – coupon issue 10,25,50,100,150,200,2000

46. 1994 Somaliland Bank of Somaliland 5,10,20,50,100,500 shillings

47. 1994 Tajikistan National Bank of the Republic of Tajikistan 1,5,10,20,50,100,200,500 & 1000 rubles

48. 1994 Transdniestria Government 10,25,50,100,200,500,1000,5000,10000 rublei

49. 1997 Eritrea Bank of Eritrea 1,5,10,20,50,100 nakfa

List by Roger Outing www.banknotes4u.co.uk

This is another busy era in the issuing of paper money banknotes by governments of nations via their Central banks or authorized entities. It is important to note that this list is not exhaustive of the actual redesigns and reissues that may have occurred in countries previously mentioned, if this list included the such entrees it would probably be quite massive.

The 20th Century therefore saw paper money fully entrenched as the preferred form of exchange in international circles. A banking and monetary system which was acceptable to all nations had evolved and also with jet set technological advancements of the century came the use of electronic transfers, extensive counterfeiting which actually is the reason for a lot of re-designs and re-issuing with slight changes.

The issue of counterfeiting has now become a great menace, to combat this time energy and lots of money has been spent to try and evolve and improve on the present paper money technology. The result of which is the use of polymer notes. Polymer notes are made from a special form of plastic, there are several countries that have made a switch from paper money to polymer notes. We shall be exploring this specific change in material from paper money notes to polymer banknotes in the next few days.