924) The Bahamas: "CRISP" (Counterfeit Resistant Integrated Security Product) Series of new Banknotes: A new half-dollar Banknote issued by the Central Bank of the Bahamas on 24.01.2019:
For my post on the Evolution of Currency of The Bahamas please visit the following link:
1) Currency and Coinage of the Commonwealth of the Bahamas - The Bahamian Dollar and Cents
On 03.08.2015, the Central Bank of the Bahamas began a new Banknote Series titled "CRISP" (Counterfeit Resistant Integrated Security Product), with the release of the first denomination - CRISP $10 - into circulation.
CRISP is the first family of Banknotes in Bahamian history to offer a range of denomination-specific features and was specifically designed to combat denominationally up-rated forgeries. These denomination-specific features are designed to guide the users into determining whether the Banknotes in their possession are genuine or not.
CRISP Banknote paper is coated with a new sizing agent to help prevent the chemical removal of inks from the paper.
The new series of Banknotes is being issued in phases, because The Bahamas was experiencing forgeries of its presently circulating Banknotes, as counterfeiters are making the use of modern technologies to help them in their nefarious activities.
It has been found that two types of counterfeit Banknotes generally exist in The Bahamas:
1) Standard items, which include Banknotes scanned and printed or photocopied on regular stationery-type paper and
2) Denominationally up-rated items which include Banknotes scanned and printed or photocopiedon genuine Banknote paper.
The counterfeiters, for example, erode a lower denomination by chemically removing the inks from a $1 Banknote and overprinting that paper with a higher denomination.
Nevertheless, almost 99% of the counterfeits produced in The Bahamas are of very poor quality and are easily detectable with the naked eye.
The CRISP Banknote Series is the 7th Series issued by the Central Bank of The Bahamas, since the Bahamian Dollar was introduced in 1966.
The Central Bank has a commitment to renew its Banknote series at least once every ten years.
The new series of Banknotes is being issued in phases, because The Bahamas was experiencing forgeries of its presently circulating Banknotes, as counterfeiters are making the use of modern technologies to help them in their nefarious activities.
It has been found that two types of counterfeit Banknotes generally exist in The Bahamas:
1) Standard items, which include Banknotes scanned and printed or photocopied on regular stationery-type paper and
2) Denominationally up-rated items which include Banknotes scanned and printed or photocopiedon genuine Banknote paper.
The counterfeiters, for example, erode a lower denomination by chemically removing the inks from a $1 Banknote and overprinting that paper with a higher denomination.
Nevertheless, almost 99% of the counterfeits produced in The Bahamas are of very poor quality and are easily detectable with the naked eye.
The CRISP Banknote Series is the 7th Series issued by the Central Bank of The Bahamas, since the Bahamian Dollar was introduced in 1966.
The Central Bank has a commitment to renew its Banknote series at least once every ten years.
The following Denomination-Specific, security features have been incorporated in the CRISP Banknote Series:
Traditionally, every denomination of The Bahamas Banknotes bore the same watermark and thread. Because these were very obvious and simple security features to use, they were usually offered by currency professionals as the features the users ought to look for in genuine Banknotes.
Over time, counterfeiters realised that the users were more actively looking for the watermark and thread in Banknotes they receive, as such, as they (the counterfeiters) could not effectively reproduce them, they would use paper with these features already included. This marked the beginning of denominationally up-rated counterfeits for The Bahamas.
The CRISP Banknote Security Features have considerably "raised the bar" for counterfeiters:
Traditionally, every denomination of The Bahamas Banknotes bore the same watermark and thread. Because these were very obvious and simple security features to use, they were usually offered by currency professionals as the features the users ought to look for in genuine Banknotes.
Over time, counterfeiters realised that the users were more actively looking for the watermark and thread in Banknotes they receive, as such, as they (the counterfeiters) could not effectively reproduce them, they would use paper with these features already included. This marked the beginning of denominationally up-rated counterfeits for The Bahamas.
The CRISP Banknote Security Features have considerably "raised the bar" for counterfeiters:
Watermark: Every denomination in the new CRISP family of Banknotes will bear a different water-mark. When held up to a light source, the watermark will appear as an opaque, three-dimensional image embedded in the paper.
Highlighted Image (Electrotype): Every CRISP denomination will bear a different electrotype. When held up against a light source, a highlighted image appears next to the watermark.
Security Threads: Although the security threads will look the same from denomination to denomination in the CRISP family, they will be located in different places.
Each Banknote will have -
1) a wide, shiny, colour-shifting thread that weaves in and out of the paper on the Front and
2) A narrow thread embedded into the paper.
Latent Image: This feature is difficult to see with the naked eye on a genuine Banknote but becomes more obvious on a counterfeit one. The latent image will be different on each denomination.
Phosphorescent Feature (BLINK): This feature is primarily designed to ascertain genuineness of the Banknote with the use of a black fluorescent lamp. This feature will be different on each denomination.
The advantages:
Watermarks, electrotypes and security threads are incorporated into Banknotes at the time the parer is made. These items cannot be easily replicated by counterfeiters.
The use of the new coating also makes it more difficult for counterfeiters to remove the inks from lower denominations and reprint higher denominations on the same paper.
More importantly, the denomination-specific features described above will be different from denomination to denomination, as such, it will be difficult to copy these features by counterfeiters.
The CRISP Evolution (CE) Banknotes - other salient features:
The CRISP Evolution Banknotes of the lower denominations are being printed on Louisenthal's Hybrid (TM) Substrate - the first Bahamian Banknotes to use this durable substrate, which consists of a cotton fibre core protected with an external polymer film.
The Banknotes also feature Louisenthal's RollingStar (R) security thread as one of the key security features, appearing on the Back.
The windowed thread changes colour from gold to green in a rolling bar effect.
The Central Bank of The Bahamas is using the "Feel, Look, Tilt" strapline to educate the public of these Level I security features, as well as, the "Check" method for Level II features, including the microtext and fluorescence.
The highest two denominations - $100 and $50 will be printed on Landqart's Durasafe (R) substrate, while the middle two denominations $20 and $10 will be printed on conventional cotton paper.
The CRISP Evolution (CE) Banknotes - other salient features:
The CRISP Evolution Banknotes of the lower denominations are being printed on Louisenthal's Hybrid (TM) Substrate - the first Bahamian Banknotes to use this durable substrate, which consists of a cotton fibre core protected with an external polymer film.
The Banknotes also feature Louisenthal's RollingStar (R) security thread as one of the key security features, appearing on the Back.
The windowed thread changes colour from gold to green in a rolling bar effect.
The Central Bank of The Bahamas is using the "Feel, Look, Tilt" strapline to educate the public of these Level I security features, as well as, the "Check" method for Level II features, including the microtext and fluorescence.
The highest two denominations - $100 and $50 will be printed on Landqart's Durasafe (R) substrate, while the middle two denominations $20 and $10 will be printed on conventional cotton paper.
The new 1/2 Dollar Banknote in the CRISP Series released on 24.01.2019:
The Central Bank of the Bahamas has released on 24.01.2019 their third Banknote which is a part of their current family of Banknotes and incorporates CRISP technology, after the release of $1 (2017) and $10 (2015) in the new Series of Banknotes.
In keeping with its launch strategy for the CRISP Evolution (CE) family of Banknotes, the half dollar denomination has been released on 24.01.2019 and is the first complete re-design of this denomination since 1984.
On the Back of the 1/2 Dollar Banknote is seen a vignette of Sister Sarah in the straw market-place. The Back Design is presented in a vertical arrangement.
The vignette is flanked above by the numeral "$1/2" that appears in the upper left and lower right corners, while the words "Fifty Cents" are in the upper right quadrant spelt in a vertical orientation.
Just below the vignette of Sister Sarah is the Coat of Arms of the Commonwealth of the Bahamas, along with the words "Central Bank of The Bahamas".
On the Front of the 1/2 Dollar Banknote is a portrait of Queen Elizabeth II placed on the right half along with the signature of the governor of the Central Bank of The Bahamas.
The text "Central Bank of the Bahamas" is placed below a representation of a map of the Bahamian Islands in the centre of the Banknote. To the left of the Queen's portrait is a declaration "These notes are legal tender under the Central Bank of The Bahamas Act 2000 for payment of any amount", "Fifty Cents" which are seen in a vertical format.
An image of a strong-back flower is placed in the centre of the design.
The colour of the Banknote is predominantly grey, with shades of green, blue, coral, lilac and red.
The Dimensions/Size of the Banknote is156 mm x 67 mm.
The security features on the 1/2 Dollar Banknote:
Watermark: The image of Queen Elizabeth II, as seen on the Banknote, and numeral "1/2" are visible when the Banknote is held against a light and are located towards the far left when viewed from the Front side.
Solid Security Thread: A thread which appears as a solid line rather than just appearing on the surface of the Banknote in segments, as it is shown on the Back.
Colour shifting ink application: On the Front of the Banknote is a lizard shape that changes colour from metallic gold to green, when the Banknote is tilted.
Iridescent print: There is a subtle, lustrous golden band across the Back of the Banknote, which includes repeating images of the letters "CBB" and a basket weave pattern.
The Central Bank of the Bahamas has further specified that the release of a new version of the $ 3 and $50 Banknotes are slated for issue during 2019.
The security features on the 1/2 Dollar Banknote:
Watermark: The image of Queen Elizabeth II, as seen on the Banknote, and numeral "1/2" are visible when the Banknote is held against a light and are located towards the far left when viewed from the Front side.
Solid Security Thread: A thread which appears as a solid line rather than just appearing on the surface of the Banknote in segments, as it is shown on the Back.
Colour shifting ink application: On the Front of the Banknote is a lizard shape that changes colour from metallic gold to green, when the Banknote is tilted.
Iridescent print: There is a subtle, lustrous golden band across the Back of the Banknote, which includes repeating images of the letters "CBB" and a basket weave pattern.
The Central Bank of the Bahamas has further specified that the release of a new version of the $ 3 and $50 Banknotes are slated for issue during 2019.
For some other interesting posts on Currencies of the Caribbean Sea and the Atlantic Ocean, please visit the following links:
13) "Spice Island of the Caribbean", Grenada: Fifth Coin out of 8 to be issued in the "Eastern Caribbean Gold & Silver Bullion and Commemorative Coin Programme" ("EC8 Programme") - all coins to be released in 2018: Gold Bullion Coins (10 Dollars) and Silver Bullion Coins (2 Dollars)
14) Anguilla - "Culinary Capital" of the East caribbean: Sixth Coin out of 8 to be issued in the Eastern Caribbean Gold & Silver Bullion and Commemorative Coin Programme: "EC8 Coin Programme"): all coins to be released with the issue date as 2018 - Gold Bullion Coins (10 Dollars) and Silver Bullion Coins (2 Dollars):
15) "Seaplane" St. Vincent & the Grenadines: Seventh Coin out of eight to be issued in the Eastern Caribbean Gold & Silver Bullion and Commemorative Coin Programme: (EC8 Programme) - all coins to be issued with the date as "2018": Gold Bullion Coins (10 Dollars) and Silver Bullion Coins (2 Dollars)
16) "Flamingo", St. Lucia: Eighth and last coin to be issued in the Eastern Caribbean Gold and Silver Bullion and Commemorative Coin Programme: (EC8 Pragramme) - all coins were released with the issue date as 2018: Gold Bullion Coins (10 Dollars)and Silver Bullion Coins (2 Dollars)
17) The Bahamas: "CRISP" (Counterfeit Resistant Integrated Security Product) Series of new Banknotes: A new half-dollar Banknote issued by the Central Bank of The Bahamas on 24.01.2019
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