New Irish Banknotes Issued - Old Bushmills Distillery Honoured.

The Old Bushmill Distillery in Co. Antrim

Apart from the Euro banknotes circulating in the Republic of Ireland, did you know that Ireland was granted the rights to issue its own banknotes and Northern Ireland has taken full advantage of this, they have Bank of England Notes and paper money issued by the Bank of Ireland in denominations of £5,10, 20 and 50. These pound notes have the same value as the Bank of England notes.



Now to commemorate the 400th anniversary of Old Bushmills Distilery in county Antrim the new 2008 Irish notes will have an image of the distilery on its reverse. It is believed that yonks before King James granted the Distillery a License in 1608, King Henery's army had been enjoying the whiskey from this legendary distillery.

Check out this new £5 Irish Banknote on Sale now

Paper Money History: Millan Stefanik on Slovakia Currency

As you know I have greatly increased my collection of World banknotes, very cheaply I may add by buying in bulk from EBay. This has greatly awakened my interest in finding out about the faces on banknotes and I shall be sharing a few of my finds with you in the following weeks.

From Imagery Web Museum

Millan Rastislav Stefanik (1880-1919)

My first port of call will be Millan Rastislav Stefanik born 1880 in a small village of Kosariska in Slovakia, which was then part of the Austrian-Hungary Empire. This was a man who had a short 39 years to live, but by all records lived life to the full. Millan was first an astonomer, an art-connoisseur, soldier, army general, a pilot, diplomat and most importantly the founder of Czechosolvakia.

His portrait is to be found on the 5000 Slovakia Koruna





He achieved so much in such a short time and is a great Slovakia hero respected by both Slovakas and Czechs alike.
You can visit 5000 Slovakia Koruna - Millan Stefanik to find out more about the man on Slovakia 5000 Koruna. These notes will no longer be in circulation after 2010 as Slovakia is now part of the European Union and has started circulating the Euro banknotes since last year. After 2010 the currency of Slovakia will no longer be Koruna but Euros as it is with other member states of the European Union.

Video Gallery - The History of Money

Learn about the centralization of USA Money from the History Channel. Watch this interesting short video I found on history.com

read more | digg story

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.

Paper Money History: 20th Century 1951-1970

Paper money banknotes issued between 1951 and 1970

No Year Country Issuing Body Banknotes Issued

1. 1951 Libya Treasury 5,10 piastres, ¼ , ½ ,1,5,10

pounds

2. 1951 Nepal Government of Nepal 1,5,10,100 mohru

3. 1953 Malaya & British Borneo Currency Board 1,5,10,50,100 dollars

4. 1953 Saudi Arabia Haj Pilgrim Receipt 10 riyals

5. 1955 Cambodia National Bank of Cambodia 1,5,10,50 riels

6. 1955 South Viet Nam National Bank of Viet Nam 1,5,10,20,1000 dong

7. 1955 Sudan Sudan Government - Treasury 25,50 piastres,1,5,10 pounds

8. 1956 Rhodesia & Nyasaland Bank of Rhodesia & Nyasaland 10 shillings, 1,5,10 pounds

9. 1956 St. Thomas & Prince Banco Nacional Ultramarino 1000 escudos

10.1958 Ghana Bank of Ghana 10 shillings, 1,5,1000 pounds

11.1958 Korea - South Bank of Korea 50,500,1000 hwan

12.1958 West African States Central Bank of West African States

50,100,500,1000,5000 francs

13. 1959 Korea - North Korean Central Bank 50 chon, 1,5,10,50,100 won

13a. 1959 Nigeria Central Bank of Nigeria £5, £1. 10 and 5 shillings

14. 1960 Mali Banque de la Republic du Mali 50,100,500,1000,5000 francs

15. 1960 Qatar & Dubai Qatar & Dubai Currency Board 1,5,10,25,50,100 ryals.

16. 1961 French Antilles Institute d’Emission des Dept. d’Outre-Me r1,10,50 new francs

17. 1961 Katanga Government 5,10,20,50 francs

18. 1961 Kuwait Kuwait Currency Board ¼ , ½ , 1,5,10 dinars

19. 1962 Congo Democratic Republic Monetary Council of Republic of Congo

100,1000,5000 francs

20. 1962 Laos National Bank of Laos 1,5,10,20,50,200,1000 kip

21. 1962 Rwanda National Bank of Rawanda 20,50,100,500,1000 francs

22. 1962 Somalia National Bank of Somalia 5,10,20,100 scellini

23. 1963 Zambia Bank of Zambia 1 pound

24. 1964 Bahrain Bahrain Currency Board 100 fils, ¼ , ½ ,1,5,10 dinars

25. 1964 Burundi Royal Bank of Burundi 5,10,20,50,100,500,1000 francs

26. 1964 Malawi Reserve Bank of Malawi 5,10 shillings, 1,5 pounds

27. 1964 Rhodesia Reserve Bank of Rhodesia 10 shillings, 1,5 pound

28. 1964 Sierra Leone Bank of Sierre Leone 1,2,5 leones

29. 1964 Yemen Arab Republic Yemen Currency Board 1,5,10 rials

30. 1965 East Caribbean States East Caribbean Currency Authority 1,5,20,100 dollars

31. 1965 Gambia Gambia Currency Board 10 shillings, 1,5 pound

32. 1965 Yemen – Democratic Republic South Arabian Currency Authority 250,500 fils, 1,5,10 dinars

32a. 1965 Fedral Republic of Nigeria Central Bank of Nigeria £5, £1, 10 and 5 shillings

33. 1966 Guyana Bank of Guyana 1,5,10,20 dollars

34. 1966 Kenya Central Bank of Kenya 5,10,20,50,100 shillings

35. 1966 Romania - Republic Banca Nationala a Republici Socialiste Romania 1,3,5,10,25,50,100 lei

36. 1966 Tanzania Bank of Tanzania 5,10,20,100 shillings

37. 1966 Uganda Bank of Uganda 5,10,20,100 shillings

38. 1967 Biafra Bank of Biafra 5 shillings, 1 pound

39. 1967 Brunei Government of Brunei 1,5,10,50,100 ringgit

40. 1967 Malaysia Bank Negara Malaysia 1,5,10,50,100,1000 ringgit

41. 1967 Singapore Board of Commissioners of Currency 1,5,10,25,50,100,500,1000, 10000 dollars

41a 1968 Federal Republic of Nigeria, Central Bank of Nigeria £5, £1, 10 and 5 shillings

42. 1969 Equatorial Guinea Central Bank 100,500,1000 pesetas guineanas

43. 1969 French Afars & Issas Tresor Public 5000 francs

44. 1970 Oman Sultanate of Muscat & Oman 100 baiza, ¼ , ½ ,1,5,10 rials saidi

List mainly from Roger Outings Paper Money Chronology Report

A lot of the paper money notes issued during this period were as a result of nations receiving their independence from the colonial masters, mainly nations in Africa. So there were quite a number of paper money issues during this period.

Nigeria for example had its Central Bank issue paper money notes firs in 1959, there was the £5 and £1 notes and then the 10 and 5 shilling notes. In 1965 new notes were issued to mark and represent the republic state of the nation, with "Federal Republic of Nigeria" written across the front of the notes. And then in 1968 due to the Nigeria/Biafra War the old notes were withdraw and a new set of notes were issued to move swiftly against anone who wanted to copy and counterfeit the paper money of the Nation.

Paper Money History: 20th Century 1921 - 1950

Paper money issued between 1921 and 1950

No Date Country Issuing Body Paper Money Issued
1. 1921 Leewward Isles Government of the Leeward Isles 5,10 shilling
2. 1921 Mongolia Mongolian Government Treasury 10,25,50,100 dollars
3. 1921 New Hebrides French Company of New Hebrides 25 francs
4. 1921 Tonga Treasury Note 4,10 shillings, 1,5 pounds
5. 1922 Memel Chamber of Commerce ½ ,1,2,5,10,20,50,75,100 mark
6. 1924 Hejaz Arabian national Bank of Hedjaz ½ , 1,5,10 pounds
7. 1924 Isle of Man Barclays Bank Ltd 1 pound
8. 1924 Russia – USSR State Currency Notes 10000,15000,25000 rubles
9. 1924 Tannu-Tuva Treasury 1,3,5,10 lan
10. 1925 Albania National Bank of Albania 5,20,100 franka ari
11. 1925 Lebanon Banque de Syrie et du Grand-Liban 25,50 piastres, 1,5,10,25,50,
100 livres
12. 1926 St. Vincent Barclays Bank (DCO) 5 dollars
13. 1927 Palestine Palestine Currency Board 500 mils, 1,5,10,50,100 pounds
14. 1928 Ecuador Central Bank of Ecuador 5,10,20,50,100 sucres
15. 1928 Ireland (Eire) Currency Commision 10 shillings, 1,5 pounds
16. 1929 Ireland - Northern Bank of Ireland 1,5,10,20pounds
17. 1931 Iraq Government of Iraq ¼ , ½ ,15,10,100 dinars
18. 1931 South West Africa Barclays Bank (DCO) 10 shillings,1,5 pounds
19. 1933 Panama Republic of Panama 1,10 balboas
20. 1934 New Zealand Reserve Bank of New Zealand 10 shillings, 1,5,50 pounds
21. 1936 Andorra General Council 1,2,5,10 pesetas
22. 1937 Antigua Barclays Bank (DCO) 5 dollars
23. 1938 Italian East Africa Banca D’Italia 50,100,500,1000 lire
24. 1939 Bohemia & Moravia Protectorate of Bohemia & Moravia 1,5 koruna
25. 1939 Slovakia Republic of Slovakia 100,500,1000 koruna
26. 1939 Southern Rhodesia Southern Rhodesia Currency Board 1,10 shillings,1,5 pounds
27. 1940 Malaya Currency Board 10 dollars
28. 1941 Tangier Servicos Municipales 0.25,0.50,1,2 francos
29. 1942 Gilbert & Ellice Islands Gilbert & Ellice Islands Colony 1,2,5,10 shilllings, 1 pound.
30. 1942 Oceania Japanese Government ½,1,10 shilling, 1 pound
31. 1943 Bosnia-Herzegovina Anti-Fascist Authority 100,500,1000,5000,10000 dinara/kuna
32. 1944 Slovenia Savings Bank of Province of Lijubliana ½ , 1,2,5,10,50,100,500,1000 lire
33. 1945 Indonesia Republic of Indonesia 1,5,10 sen, ½ ,1,5,10,100 rupiah
34. 1945 Laos Free Lao Government 10,20,50 at + 10 kip
35. 1945 North Korea Russian Army Headquarters 1,5,10,100 won
36. 1946 Viet Nam Viet Namese Banknote 1,5,20,100 dong
37. 1947 Maldives Government Treasurer ½ ,1,2,5,10 rupees
38. 1947 Pakistan Government of Pakistan 1,2,5,10,100 rupees
39. 1948 China – Peoples Republic Peoples Bank of China 1,5,10,20,50,100,1000 yuan
40. 1948 Germany – Democratic Republic Deutsche Notenbank 50 deutsche pfennig,
1,2,5,10,20,50, 100,1000 deutsche mark
41. 1948 Germany – Federal RepublicBank Deutscher Lander 5,10 pfennig, 5,50,100 deutsche mark
42. 1948 Israel Anglo-Palestine Bank Ltd 500 mils, 1,5,10 Palestine Pounds
43. 1949 Jordan Hashemite Kingdom of Jordan 500 fils, 1,5,10,50 dinars
44. 1950 British Caribbean British Caribbean Territories 1,2,5,10,20,100 dollars.
45. 1950 Netherlands New Guinea New-Guinea 1,2,5,10,25,100,500 gulden



More and more the paper money notes were issued by the Government rather than private companies or banks. All but 3 of the issues made during this period,St. Vincent, Antigua and Bosnia, were done by the respective governments in their countries or states.

Paper Money History: The Beginning of the 20th Century 1900 - 1920

The 20^th Century was the period when Paper Money really came into its own. All nations issued paper money, which had become accepted internationally, a monetary system evolved with each country running its own central bank. The paper money were now more often issued by the government via its central bank.

Over 200 countries issued Paper Money in the 20^th Century, between 1914 and 1920 alone 20 countries issued paper money a direct result of the end of World War One. Below is a list of the countries and the paper money currencies issued between 1900 and 1920.

No. Date Country Issuing Authority Banknotes Issued

1. 1902 Bolivia Tesoreria de la Republicade Bolivia 50 centavos, 1,5,10,20 bolivianos

2. 1903 French West Africa Banque de L’Afrique Occidental 5,50,100,500,1000 francs

3. 1903 Turks & Caicos Government of Turks & Caicos 5,10 shilling,1 pound

4. 1905 East Africa East Africa Protectorate 5,10,20,50,100,500 rupees

5. 1905 German East Africa Deutsch-Ostafrikanische Bank 5,10,50,100,500 rupien

6 1905 Macao Banco National Ultramarino 1,5,10,25,50,100 pacatas

7. 1905 Trinidad & Tobago Government of Trinidad & Tobago 1,2 dollar

8. 1907 Kiao Chau Deutsch-Asiatische Bank 1,5,10,25,50,200,500 dollars

9. 1907 Switzerland Schweizerische Nationalbank 50,100,500,1000 franken

10. 1908 Zanzibar Zanzibar Government 1,5,10,20,50,100,500 rupees.

11. 1909 Portuguese Guinea Banco Nacional Ultramarino 1,2.5,5,10,20,50 mil reis

12. 1910 Australia Government Treasury 1,5,10,50 pounds

13. 1910 Morocco State Bank of Morocco 4,20 rials

14. 1910 Papua New Guinea Bank of New South Wales 1,5,10 pounds

15. 1910 Timor Banco Nacional Ultramarino 1,5,10,20 pacatas

16. 1912 China - Republic Bank of China 1,5,10 dollars

17. 1912 Montenegro Treasury 1,2,5,10,50,100 perpera

18. 1912 Tibet Government of Tibet 5,10,15,25,50 tam

19. 1913 Albania Albania Railway 5,10 para, ½ , 1 grush

20. 1913 Djibouti Bank of Indochina 5,20,100 francs

22. 1914 Bermuda Bermuda Government 1 pound

23. 1914 Cameroon Treasury Notes 5,50,100 mark

24. 1914 Cyprus Government of Cyprus 1,5 pounds

25. 1914 Danzig City Council 50 pfennig, 1,2,3 mark

26. 1914 German New Guinea Treasury (Australian) 5,10,20,50,100 marks

27. 1914 German S.W. Africa Kassenschein 5,10,20,50,100 marks

28. 1914 Gibraltar Government of Gibraltar 2,10 shillings,1,5,50 pounds

29. 1914 Hungary Royal Hungarian War Loan Bank 250,2000,10000 korona

30. 1914 Madagascar Governor General 5,10,20 francs

31. 1914 Malta Government of Malta 5,10 shillings, 1,5,10 pounds

32. 1914 Seychelles Government of Seychelles 50 cents, 1,5,10 rupees

33. 1914 Tahiti Bank of Indochina 5,20,100 francs

34. 1915 Barbados Government of Barbados 1 pound

35. 1915 Ethiopia Bank of Abyssinia 5,10,50,100,500 thalers

36. 1916 British West Africa West Africa Currency Board 1,2,5,10,20 shillings

37. 1916 Solomon Isles Government of British Solomon

Islands

5,10 shillings,1,5 pounds

38. 1917 Dahomey Colony of Dahomey 0.50, 1 franc

39. 1917 French Equatorial

Africa

Government General 50 centimes, 1,2 francs

40. 1917 French Sudan Colony of French Sudan 0.50,1,2 francs

41. 1917 Guinea Colony of French Guinea 0.50, 1 franc

42. 1917 Ivory Coast Ivory Coast Colony 0.50, 1,2 franc

43. 1917 Russia-Provisional Government

Government Credit Notes 5,250,1000 rubles

44. 1917 Ukraine Central Rada 100 karbovantsiv

45. 1917 Upper Senegal & Niger

Government General 0.50,1,2 francs

46. 1918 Jamaica Treasury 2/6d, 5,10 shillings

47. 1918 Nigeria Government of Nigeria 1,10,20 shillings

48. 1918 Russia-Socialist Federated Soviet Republic

State Treasury Notes 25,50,100,500 rubles

49. 1918 Uzbekistan Treasury 20,60,100,200,300,500,1000,2000,

3000, 5000 tengas

50. 1919 Afganistan Treasury 1,5,50,100 rupees.

51. 1919 Armenia Government Bank 5,10,25,100,250,500,1000 rubles

52. 1919 Azerbaijan Azerbaijan Republic 25,50,100,250 rubles

53. 1919 Czechoslovakia Czechoslovakian Republic 10,10,50,100,1000 koruna

54. 1919 Estonia Republic of Estonia Treasury Notes 5,10,20,50 penni,

1,3,5,10,25,100,500,1000 marka

55. 1919 Fiume Citta di Fiume 1,2 kronen

56. 1919 French Oceania Chambre de Commerce 25,50 centimes, 1,2, franc

57. 1919 Georgia Treasury 25,100,500,1000,5000 rubles

58. 1919 Lithuania Lietuvos Ukio Bankas 50,100,500,1000 Ost. Markiu

59. 1919 Saar Mines Domaniales de la Sarre 50 centimes, 1 franc

60. 1919 South Korea Bank of Chosen 5,10,100 won

61. 1919 Syria Bank of Syria 5,25,50,100,500 piastres

62. 1919 Yugoslavia Ministry of Finance 10,20,50,100,1000 kronen

63. 1920 Grenada Government of Grenada 2/6d, 5,10 shilings

64. 1920 Lietchtenstein Duchy of Lietchtenstein 10,20,50 heller

65. 1920 Monaco Principality of Monaco 25,50 centimes, 1 franc

66. 1920 St. Lucia Government of St Lucia 5,10 shillings

67. 1920 Western Samoa Government of Samoa 10 shillings

Hungary Paper Money: 1000 Korona 1920

Paper Money History: Late 19th Century Paper Money

19th Century Paper Money: 1876 -1899

1.1876 Serbia State Notes 1,5,10,50,100 dinara
2.1877 El Salvador Government of El Salvador 1,2,5,10,25,50,100,500 pesos
3.1877 Mozambique Banco Bacional Ultramarino 5000,20000 reis
4.1877 Romania States Notes of Principality 5,10,20,50,100,500 lei
5.1879 Hawaii Department of Finance 10,20,50,100,500 dollars
6.1879 Peru Republic of Peru 1,2,5,10,20,50,100,500 soles
7.1880 Chile Republica de Chile 1,2,5,10,20,50,100,1000 pesos
8.1880 Nicaragua Tesoro Nacional 1 pesos
9.1881 Guatemala National Treasury 1,5,10 pesos
10.1882 Grenada Colonial Bank 5 dollars
11.1882 Portuguese India Junta da Fazenda Publica 10,20 rupias
12.1882 St. Kitts Colonial Bank 5 dollars
13.1883 Argentina National Bank 5,10,20,50 centavos
14.1884 Reunion Colonial Treasury 50 centimes,1,2,3 francs
15.1884 Sudan Seige of Khartoum 1,5,10,20,100,500,1000,2000,2500,5000 piastres,
50 Egyptian pounds
16.1885 Bulgaria Bulgarian National Bank 20,50,100 leva zlato
17.1886 British North Borneo British North Borneo Company 25,50 cents,1,5,10 dollars
18.1886 Honduras Aguan Navigation & Improvement Co 50 centavos, 2,5,10,50 pesos
19.1887 Keeling Cocos Cocos ¼ , ½ , 1, 2 rupees
20.1889 Honduras Vale de Portador 5,10,20,50,100 pesos
21.1889 Siam Hong Kong & Shanghai Banking Corp. 1,5,10,40,80,100 & 400 ticals
22.1890 Iran Imperial Bank of Persia 1 toma
23.1890 St. Pierre & Miquelon Banque des Isles Saint-Pierre et Miquelon 27,54 francs
24.1891 Lagos African Banking Corp. Ltd. 1,5 pounds
25.1893 Italian Somaliland Filonardi & Co 5 rupias
26.1893 Korea Treasury Department 5,10,20,50 yang
27.1894 British Honduras Government of British Honduras 1,2,5,10,50,100 dollars
28.1894 Cook Islands Government of the Cook Islands 2,4 shillings
29.1895 Taiwan – Republic of China T’ai-Nan Official Silver Notes 1,5,10 dollars
30.1896 Belgian Congo Independent State of the Congo 10,100 francs
31.1896 Rhodesia African Banking Corp. 10 shillings,1,5,10,20,100 pounds
32.1897 Burma Government of India 5,10,100 rupees
33.1897 Cape Verde Banco Nacional Ultramarino 1,2,5 mil reis 154 1897 Sao Tome & Principe Islands Banco Nacional Ultramarino 1000,2000,2500,5000,10000, 20000 reis
34.1898 Egypt National Bank of Egypt 50 piastres, 1,5,10,50,100 pounds
35.1898 Straits Settlement Government of the Straits Settlement 1,5,10, 50,100 dollars

Credit for this list of 19th Century Paper Money Issues goes to Roger Outing


Late 19th Century Paper Money On Video






Trivia

By the end of the 19th Century all existing countries had embraced paper money as the main form of currency, it is very interesting note though that in order to extend the durability of the notes as well as combating counterfeiting other materials had already started to be added to the paper. Therefore since 1879 Crane and Company has supplied their 1844 patented paper embedded with silk thread to the United States Treasury .

The 19th Century was therefore the era when paper money truly came into its own, these banknotes have evolved into a science, and the next century will begin to take note and start realizing how relevant these pieces of national currency speak a special language, teaching those who care to look important lessons of each nation of origin.

Paper Money History: 19th Century and The Rothschild Dynasty

19th Century Paper Money - 1861 - 1875

No Year Country Issued by Paper Money Value
1861 Angola Junta da Fazenda Publica 1000,2000,5000,20000 reis
1861 Confederate Statesof America Confederate States - Montgomery 50,100,500,1000 dollars
1861 India Government of India 10,20 rupees
1862 Ecuador Manuel Antonio of Luzarraga 1,4,5,10,20 pesos
1862 Hong Kong Asiatic Banking Corporation 50,100 dollars
1863 Latvia Stock Exchange Bank of Riga 10,15,20,25,50 kop
1865 Costa Rica Republic of Costa Rica 1,2,5,10,25,50 pesos
1865 Sierra Leone Commercial Bank of Sierra Leone 1 pound
1866 Australia Queensland Treasury 1,5 pounds
1866 Canada Province of Canada 1,2,5,10,20,50,100,500 dollars
1866 Ireland - Republic National Promissory Bonds 5 dollars
1867 Fiji Treasury Notes 1 dollar
1868 Bahamas Public Treasury 1 pound
1868 Bolivia Banco Boliviano 1,5,10,20,50,100 pesos fuertes
1872 Japan Ministry of Finance 10,20 sen, ½, 1,2,5,10,50,100 yen
1873 New Caledonia Company of New Caledonia 5,20 francs
1873 Spain Bank of Spain 25,50,100,500,1000 pesetas
1874 Germany – Empire Imperial Treasury Notes 5,20,50 mark
1874 Guatemala National Bank of Guatemala 1 real, 1,5,10,20,50,100 pesos
1874 Italy Federal Biglietti Consorziale 50cent,1,2,5,10,20,100,250,1000 lire
1875 French India Bank of Indochina 10,50 roupies
1875 French Indochina Bank of Indochina 5,20 dollars
1875 Madeira Islands Banco de Portugal 20000 reis

Credit for this list of 19th Century Paper Money Issues goes to Roger Outing


The Rothschild Dynasty

Mayer Amschel Rothschild
(1744 - 1812)

In the 19th Century a new Financial and Banking Family Dynasty was born, the Rothschild's Dynasty, they are still around today and waxing strong. The companies this family currently heads or are involved in include: N M Rothschild & Sons ( London) LCF Rothschild Group (Geneva), Royal & SunAlliance, Chemin de Fer du Nord, Rio Tinto Group, Eramet and Imerys, to name just a few. These are all large companies, N M Rothschild & Sons is a major Mergers and Aquisitions company ranked second in the UK ( 2006 statistics) with deals totalling £104.9 billion and LCF Rothschild Group extends to at least 15 countries.

So how did this big Financial Dynasty come into being?

In 1801, William IX ruler of German State, Hesse-Kappel appointed his friend and financial adviser, Mayer Amschel Rothschild, as his court agent and then introduced him to several other rich European Princes to whom he offered his services.

Rothschild used this opportunity well and built up good and long lasting relationships with the movers and shakers of Europe. By 1803, he gave the Danish government a loan of 20 million francs, the first of many financial transactions he hac with various governments in Europe. During the War with Napoleon he was able to build a reputation of a serious, honest, reliable banker who helped the different European countries during their time of need.

During the later part of the Napoleonic Wars Rothschild set up his five sons strategically over Europe, Solomon in Vienna, Nathan Mayer in London, Karl in Naples and Jacob in Paris and his eldest son Anselm Mayer he kept close to him in Frankfurt.

This enabled them to play a very important role in providing gold especially to Britain, they had a very good network in place which enabled them to ship bullions to different parts of Europe. With the interest they were able to yeild from all their transactions the family came out of the war very rich and became one of the most formidable banking forces of the 19th Century.

Paper Money History: 19th Century - The Bank of England

19th Century Paper Money History: 1841 - 1860

No Year Country Issued by Paper Money Value
1841 Trinidad & Tobago West India Bank 5 dollars
1842 Falkland Islands Colonial Government ½, 1,5,10,25,50 dollars + 1/8d.
1842 Mauritius Special Finance Committee 1 dollar
1845 Spain Bank of Barcelona 250 pesos
1846 Tunisia State Bank 50 riyals
1847 Hungary Kossuth Issues 5 pengo forint
1848 Croatia Croatia-Slavonia-Dalmatia 25,100,1000 florint
1848 Dominican Republic Dominican Republic 40,80 centavos
1848 Guadaloupe Banque de Pret 5,10,50,100,500,1000 francs
1850 Newfoundland Island of Newfoundland 1 pound
1852 Algeria Bank of Algeria 500,1000 francs
1852 Philippines Banco Espanol Filipino de Isabel 10,25,50 pesos
1853 Moldova Cemitetul National Revolutionar Roman 10 ducati
1853 Senegal Bank of Senegal 5,25,100,500 francs
1853 Thailand Grand Treasury 3,4,6,10 tamlungs
1855 Curacao Curacaosche Bank 5,10,25,50 gulden
1855 Martinique Tresor Colonial 1,5 franc
1856 Egypt Bank of Egypt 1000 piastres1856 Luxembourg International Bank in Luxembourg 5,10,25 gulden; 10 thaler; 25,100
francs
1856 Nicaragua William Walker Military Script 25,50 dollar
1856 Paraguay National Treasury ½, 4 reals, 1,2 pesos
1857 Cuba El Banco Espanol de la Habana 50,100,300,500,1000 pesos
1857 Liberia Treasury department 50 cents, 1,3,5 dollars
1858 Costa Rica National Bank of Costa Rica 2,10,20 pesos
1858 Sarawak Government Treasury 5,10,20,25,50 cents

Credit for this list of 19th Century Paper Money Issues goes to Roger Outing

19th Century Paper Money of Europe Video









The Bank of England in the 19th Century

The Bank of England became the standard for many national banks in other countries. It was the institution that other smaller banks depended upon especially when they got into credit problems. It seems that the banks have been in the business of creating money, extending credit to the public and getting into trouble over it for centuries.

I mentioned it a while ago but as I continue to delve deeper into paper money history, and its related banking and financial history , it is becoming very obvious why the situation with Northern Rock is really a no brainier. Who else would have bailed out the bank but the Government.

History is definitely repeating itself, and the world should watch closely. The impending financial crunch will need fast thinking minds like those that ruled the western world during Napoleon's Era to see us through without a big fall.

Did you know that the Bank of England in the 19th Century was able to wade off a credit problem by successfully stopping the public from redeeming their paper money for gold and silver? Many countries including the USA were unable to do this and paid a high price as the paper money issued became worthless! Also inflation would have ensued after the Napoleon war, but for the banks move to use a gold standard in order to stabilize the value of the paper money it was issuing. There is therefore a lot to learn from the history of paper money which may help us to understand how to better structure our economies.

Paper Money History: The 19th Century -US Paper Money

19th Century Paper Money

The 19th Century is full of colorful incidents and numerous issues of paper currencies. Over 130 nations issued paper bills in the 19th Century that is a lot of material to go through. We will finally continue our journey through the Centuries exploring the use of Paper Money in different societies.

A lot of the nations followed the example of the Bank of England, and a predominant structure of central banking had started to take form. Nations established their own National Banks and issued paper money through these institutions, but there were other nations that used private companies and banks to issue the bills.

I have decided to divide the study of this period into 4 sections, , as follows:

1. 1800- 1840
2. 1841- 1860
3. 1861 - 1875
4. 1876-1899

Today we will explore the first period 1800-1840

No Year Country Issued by Paper Money Value
1. 1800 Netherlands Antilles West-Indische Bank 50 gulden
2. 1803 Greenland Gronlandske Handel 12,24 skilling, ½ ,1 rigsdaler
3. 1808 Ireland Bank of Ireland 1 pound
4. 1808 South Africa East India Company 1,2,3,4,5,10,20,25,30,40,50,75,100,
250,300,400,500 rix dollar
5. 1809 Ceylon Government 2,5 rix dollars
6. 1809 Faeroe Islands Government 3,4,5,6 skilling
7. 1810 Belgium Societe de Commerce de Bruxelles 100,1000 francs
8. 1810 Guernsey Alderney Commercial Bank 1 pound
9. 1810 Mauritius Colonial Bank of Mauritius & Bourbon 5,20 crowns
10.1811 Venezuela United States of Venezuela 2 reales, 1,2,4,8,16 pesos
11.1812 Malta Banco di Malta 5,10,20,30,40,100,150,200,250,500,1000 scudi
12.1812 Puerto Rico National Treasury 8 reales
13.1812 USA Treasury Notes 100 dollar, 1000 dollar
14.1813 Croatia Siege of Zara 1,2 francs
15.1814 Netherlands Netherlands Bank 25,40,60,80,100,200,300,500,1000 gulden
16.1815 Guernsey States of Guernsey £1
17.1815 Netherlands Indies Government 1,5,10,25,50,100,300,600,1000 gulden
18.1819 Colombia Republic of Columbia 6 ¼, 12 ½, 25,50 centavos
19.1820 Argentina Buenos Aires Customs Notes 5,10,20,40,50,100 pesos
20.1820 Comoros Government of Comoros 0.05, 0.50, 1 franc
21.1822 Greece Provisional Administration 100,250,500,750,1000 grossi
22.1822 Jamaica Island Treasury 5.10,20,50,100 pounds
23.1822 Peru Banco de la Emancipacion 2,4 reales, 1 pesos
24.57 1823 Mexico Distrito Federal 1,2,10 pesos
25.1824 India – British Calcutta Bank 5,10,500 sicca rupees
26.1824 Malvinas Isla de Malvinas 1,2,5,10 pesos
27.1826 Surinam General Netherlands Company Societe Genera l½ florin 3 gulden
28.1828 Jersey St. Peter’s Vallen Road 1 pound
29.1830 British Guiana Colonies of Demerary & Essequebo 1 joe, 10 joes
30.1830 Straits Settlement North Western Bank of India 100 dollars
31.1832 Switzerland Lombard,Odier & Cie, Geneve 100 francs
32.1835 Uruguay Public Debt Drafts 400,500,2000,5000 pesos
33.1836 Texas Treasurer of the Republic Various handwritten values in dollars
34.1840 Chile Valdivia – Treasury & Customs 4,8 reales
35.1840 Jersey States of the Island of Jersey 5 pounds
36.1840 Liberia Colonial Agent 5,10,25 cents
37.1840 New Zealand Union Bank of Australia 1 pound
38.1840 Turkey Treasury 500 kurush

Credit for this list of 19th Century Paper Money Issues goes to Roger Outing

19th Century US Paper Money.

There was quite a bit of activity in the 19th Century in relation to Paper Money, this was when different trading companies and private banks issued paper currency that was worth little and most times nothing. It was also the century when America issued their famous Fractional Currency and the Confederate notes.

The Confederate notes were issued by different states, banks and companies with various designs and obligations. Notes were issued in $1, $2, $5, $10, $20, $50, $100, $500, and $1000 denominations, bills to the tune of $1.7 billion dollars were in circulation. These notes started off strong with the high optimism about the outcome of the Civil War but very quickly lost all value as it became obvious that winning wasn't such a sure thing. By the end of the war inflation had taken over and the money was worthless.

Please see previous post about Fractional Currency.

Picture Gallery of US 19th Century Paper Money- Photos by Steven Vater

Paper Money History:1885 Letter to the New York Times Editor

In August 1885 Mrs Edward Heylyn wrote to the Editor of the New York Times concerning an article it featured a few days before about the history of paper money in ancient countries.

I'm amazed that even as early as the 19th Century people were paying attention to the history of paper currency, and cared enough to send notes to the editor. This excerpt gives us an insight into this interest in paper money from one woman's point of view.

Read the 1885 Letter to the editor at Paper Money History editorial.

Paper Money History: 18th Century Paper Money Issues 3

Danish West Indies - In 1784 the Treasury of the Danish West Indies issued paper currency,it was known as the rigsdaler.
Ceylon - The United East India Company issued currency notes in 1785, called the rixdollar.


Finland - The King's General War Commissariat issued paper money notes in 1790 in the following denominations 8, 12, 16, 24, 32 skilling and 1, 2 riksdaler.

Haiti - The Department of Port-du-Paux issued paper currency notes in 1790, known as escalins.

The Isle of Man - In 1790 the Castle Rushen issued paper notes of 1 guinea. (The Isle of Man is apparently in the geographical center of the British Isles, though it is neither a part of UK or Europe. Having said this The Queen, HRH Elizabeth II is the head of State and the UK is responsible for its good governance.)

The Castle Rushen in The Isle of Man

Poland - In 1794 the Treasury issued paper notes, the currency was known as ziotych and the denominations were in 5, 10,25, 50, 100, 500, 1000.

French Guiana - The State Treasury issued paper currency in 1795, the denomination was 40 livres per note.

Portugal - In 1797 the Imperial Treasury issued paper money notes in 2 denominations, 5000 and 10000 reis.

Paper Money History: The 18th Century Paper Money Issues

The 18th Century continued to see many states and companies issuing paper money. Most of which never stood the test of time. In actual fact most of these currencies did not survive more than a year or so and therefore only receive a line of two in the scheme of things.

Here is a breakdown of some of these issues:

Denmark - In 1713, the government introduced notes for 1, 2 and 3 mark, 1, 5, 10, 25, 50 and 100 rigsdaler. The Exchange and Loans Bank issued notes between 1737 and 1804 for 10, 20, 30, 40, 50 and 100 rigsdaler courant. Between 1791 and 1797, the Danish-Norwegian Specie Bank issued notes for 4, 8, 20, 40 and 80 rigsdaler specie. So the notes in Denmark were first state issued and then the bank took over.

St Helena - The Council and Governing body issued paper money in 1722. Denomination of the notes was 2 shillings 6 pence.

Ireland - In 1754, Finlay and Co. Dublin issued paper money of unknown values.

Austria - In1759, the Weiner Stadt Banco issued paper money denominated in Gulden. The banknotes were not actually tied to the coinage system and therefore their values floated relative to one another for a long time. The notes were known to have a higher value than the coins to start with but then the value of the paper money plummeted in relation to the coins, until the value of the Austrian Gulden was later fixed in 1811 at one fifth of their face value in coins.

Paper Money History: The 18th Century and The French Livres

The History of the French Livres

The 18th Century saw more states and nations experimenting with the issuing of paper money as a means of monetary exchange. The noticeable fact during this era is that a lot of the issuing bodies were not banks but big companies or states.

It was during this Era that the first French paper money was issued. This happened in 1701, bang at the beginning of the Century. What I find interesting about the French Livre is that it did alright to start with, but then it took off and did very well for a while, helping to bring a time of great boom to the economy of France via the economic leadership of John Law before it went burst in 1720.

John Law

John Law (1671-1729)
He was born in Edinburgh, the son of a successful banker and goldsmith. He led a very colorful life which spanned from his native Scotland to London in England, then France and Belgium to name a few. He started working with his father at the age of 14, he must have learnt something because he is quite an important fellow in the area of economics. He is considered one of the forefathers of economics. His flowery life though seemed to have taken precedence most of the time, he was a gambler, womanizer, which incidentally led to the murder of one of his rivals over a certain lady. He was tried and convicted, he escaped before his appeal and ended up in France were he landed the top job at the Royal Bank of France.

In 1716 he started a bank and systematically created a reality of boom in Paris, the state previously was wallowing in debt and Law created an economic boom via his issue of paper money which he built to a point where it was more valuable than the coinage in use. He then extended his reach to the trade between France and its colonies in the New World.

John Law's Paper Money (issued 1718)

When his boss the Regent Duc decided to go over his head and print more paper money, thinking that this would double the wealth of the state, he and everyone else got a rude shock as for the first time the value of the French livre took a dive down and never recovered. It went burst in 1720 and became worthless paper.

John Law subsequently lost his job and he fled France, he turned to gambling but never made it big again, he died in 1729 a poor man. So the economy of boom and burst was born, no wonder the housing and credit market in England has for years been predicted to certainly be heading for a burst, US' management of its finances has definitely recorded this trend in the last couple of months. When will we start taking a leaf from history, learn the lessons and stop being so greedy?

The End of the 18th Century and French Paper Money

In the interim, a system was put in place to stabilize the monetary system using coinage, it was not until 1776 that paper money was reintroduced and was issued alongside the assignats from 1789 until 1793. Assignats were legal tender certificates issued during the revolution, these were like bonds in relation to landed property especially the church, which were government held lands. Their value soon diminished, and so the last of the livre coins and paper money were issued in 1794, the franc was introduced a while later.

An Assignat Note

Paper Money History: Scotish Bank founded to Support Scotish Trade

The Bank of Scotland, the first Scottish Bank is Born

In 1695 the Bank of Scotland was born, it was not connected to the State and was privately owned, but its role in producing Scottish paper money came a year after the bank was born. The Bank was owned by 172 private citizens, who were policticians, landowners and merchants with 120,000 Scottish pounds (approximately £10,000British Sterling). 36 of these shareholders lived in London: the bank is therefore the second oldest bank in Europe. It was established through an Act of the Scottish parliament, independent of the Scottish government and has remained so to date. The interest of the merchants and landowners was the paramount concern of this establishment. they needed a banking system where their credit, loans etc could be managed adequately.

!696 saw the bank issuing its first paper money currency for public circulation, this was in response to the poor state of affairs concerning Scottish coins. The bank has continued to issue paper money to date, though its right to do so has been challenged at various times through the ages. The facts of which I shall explore in the future.

Bank of Scotland coat of arms

For lovers of Scottish paper money its nice to know that the Bank of Scotland actually runs a museum where one can explore the different facets of the banks history through the ages.
Its called Museum on the Mound, and open six days a week, visit them at The Scottish Currency Museum. Contact details are as follows: Museum on the Mound,The Mound, Edinburgh, EH1 1YZ. Tel: 0131 243 5464, Fax: 0131 243 5440, E-mail: info@museumonthemound.com

Trivia

Did you know that Scotland is one of the few countries that has more than one bank issuing the current paper money in circulation? In most countries there is one Central Bank that issues currency, but in Scotland there are three banks that provide this service, namely The Bank of Scotland, The Royal Bank of Scotland, and the Clydesdale Bank.

Did you also know that the Bank of Scotland owns 50 percent of Sainsbury's Bank and that Halifax Bank Plc. is actually part of the Bank of Scotland when they merged in 2001?

Paper Money History: Norway Issues Paper Money to help Thor Mohlen

King Chistian V (1646-1699)

In 1695 Norway issued its first paper money in quite an unusual way. Thor Mohlen was one of the economic advisor's to the King, Christian V, he was also a merchant who ran some very impressive world trade.

Thor Mohlen

Due to some difficulty at sea with the Germans and Pirates he needed money because some of his ships had been taken at sea. In order to continue trading the king allowed him to issue notes which were to become legal tender. I guess the hope was that he was to use the notes to buy items for export, since the notes were legal tender it would circulate amongst the people and he was given a five year period which was sufficient time for him to have made back the money which could them be repaid to the treasury.





A lot of effort was made in producing these notes, according to Mr. Walt Jellun, a numismatist:

A total of 100,000 Rixdaler Croner were produced. All notes had the Kings monogram on the top center and heavy lacquer seals, a time consuming process, but one which was to act as an anti-counterfeiting device. The tallon or right hand section of the note was torn from the main portion of the note for security purposes, then it was required to be matched in order to be redeemed. The left half of the notes were put in circulation with the right half kept in the Danish archives for security purposes.

Each note had hand written serial number, values, date and three signatures, some twice on the front and then more on the back of each and every note. All notes were signed by Lauritz Mouritzen Thrap, the Exchequer (signature with the flourish), Jørgen Thor Møhlen and Jacob Søfrensen. The flourish on Thrap's signature went to the right onto the tallon. All are dated 10 Aug. 1695 with the 10 August hand written.

For the a full account of Thor Mohlen's notes please read article on Norway's Paper Money History


Some triva about Norway,money and its public.

A few days ago a friend of mine sent me a video and as I researched this piece I realized that there was a collation between then and now. Watch and see for yourself:



In previous examples of the issuing of paper money it was usually to help the government fight and win battles, but Norway issued money basically to help out a troubled merchant. Yes the money meant that the country could continue exporting, but the fact still remains it helped Thor Mohlen. The wellbeing of Norweigens is still paramount to the government of Norway. Other countries should take note of this great example