1473) The Bahamas: "CRISP" (Counterfeit Resistant Integrated Security Product) Series of new Banknotes: A new $50 Banknote issued by the Central Bank of The Bahamas on 02.10.2019:
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 The 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.
The Series of Banknotes has been developed in partnership with the Swiss form Orell Fussily for technical aspects and Landqart AG for the Durasafe substrate of two outer layers of cotton paper bonded with a central core of transparent polymer.
The Series of Banknotes has been developed in partnership with the Swiss form Orell Fussily for technical aspects and Landqart AG for the Durasafe substrate of two outer layers of cotton paper bonded with a central core of transparent polymer.
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 photocopied on 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 watermarkand 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 paper 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 $50 Banknote which was issued on 02.10.2019:
The Central Bank of The Bahamas has issued into circulation a new $50 Banknote - which is the sixth in its CRISP Evolution Series on 02.10.2019.
On the Front of the $50 Banknote is seen a portrait of Sir Roland T. Symonette, who served as the first premier of The Bahamas from 1964 to 1967.
As one of the wealthiest people in the country, he was one of the participants in a financial group that opened up The Bahamas to tourism and investment, particularly from the United states, with gambling casinos as an important part of the equation.
He is also said to have profited handsomely from bootlegging whiskey into the United states during Prohibition.
At left is a watermark of Symonette and the numeral $50, a replica map of the Islands of The Bahamas and the denominational value in words and figures.
A blooming Frangipani flower is in the centre. In the background is seen the middle building in Nassau's Parliament Square.
On the Back of the $50 Banknote is seen a vignette of the Central Bank of The Bahamas building in Nassau, featured in a vertical orientation.
The building is flanked above by the numeral $50 in the upper left and lower right corners, and the words - "CENTRAL BANK OF THE BAHAMAS".
A see-through window on the left corresponds to the window on the right of the top floor of the Parliament building shown on the Front.
The Dimensions of this Banknote are 156.0 mm x 67.0 mm and the predominant colour is light blue, with hints/touches of pink, green, orange and brown.
The final denomination in the CRISP Evolution Banknote Series - a $100 Banknote - is likely to be issued by end-2020.
(The above $50 Banknote is from the collection of my friend Jayant Biswas. Post researched and written by Rajeev Prasad)
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 $50 Banknote which was issued on 02.10.2019:
The Central Bank of The Bahamas has issued into circulation a new $50 Banknote - which is the sixth in its CRISP Evolution Series on 02.10.2019.
As one of the wealthiest people in the country, he was one of the participants in a financial group that opened up The Bahamas to tourism and investment, particularly from the United states, with gambling casinos as an important part of the equation.
He is also said to have profited handsomely from bootlegging whiskey into the United states during Prohibition.
At left is a watermark of Symonette and the numeral $50, a replica map of the Islands of The Bahamas and the denominational value in words and figures.
A blooming Frangipani flower is in the centre. In the background is seen the middle building in Nassau's Parliament Square.
On the Back of the $50 Banknote is seen a vignette of the Central Bank of The Bahamas building in Nassau, featured in a vertical orientation.
The building is flanked above by the numeral $50 in the upper left and lower right corners, and the words - "CENTRAL BANK OF THE BAHAMAS".
A see-through window on the left corresponds to the window on the right of the top floor of the Parliament building shown on the Front.
The Dimensions of this Banknote are 156.0 mm x 67.0 mm and the predominant colour is light blue, with hints/touches of pink, green, orange and brown.
The final denomination in the CRISP Evolution Banknote Series - a $100 Banknote - is likely to be issued by end-2020.
(The above $50 Banknote is from the collection of my friend Jayant Biswas. Post researched and written by Rajeev Prasad)
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
18) Sea Motifs, Bahamas: Gold Bullion Coins in the denominations of 100 Dollars (depicting a Blue Marlin) and 250 Dollars (depicting a Conch Shell): Coins issue date: 03.12.2019
19) A new Generation $100 Polymer Banknote, Trinidad and Tobago with enhanced security features to "raise the bar" for counterfeiters & unscrupulous elements: Banknote circulation date: 09.12.2019:
20) Festival di Tumba (Carnival of Curacao), Curacao: "50th Edition of the Curacao Carnival/Festival" held from 27-31.01.2020: A set of six Commemorative Postage Stamps brought out by Cpost (Curacao Post) on 20.02.2020
21) New Polymer Banknotes, Trinidad and Tobago: The entire series will consist of $100, $50, $20, $10, $5 and $1 denominations: $100 has already been issued on 09.12.2019
22) A New 2019 Fourth Series of Banknotes, Aruba, issued by the Central Bank of Aruba (Centrale Bank van Aruba) on 04.06.2019 comprising five denominations with the theme of "Endangered Flora and Fauna of Aruba" and historic monuments and landmarks
23) "Caribbean Sea-Horse", Barbados: $10 (Ten Dollars) 1.0 Oz. Gold Bullion Coins & $1 (One Dollar) 1.0 Oz. Silver Bullion Coins minted by the Scottsdale Mint; Year of issue: 2020
24) Cayman Islands, A British Overseas Territory (BOT): A set of identically numbered Banknotes of the presently circulating Banknotes from the "D" Series of Banknotes
25) The Bahamas: "CRISP" (Counterfeit Resistant Integrated Security Product) Series of new Banknotes: A new $50 Banknote issued by the Central Bank of The Bahamas on 02.10.2019
23) "Caribbean Sea-Horse", Barbados: $10 (Ten Dollars) 1.0 Oz. Gold Bullion Coins & $1 (One Dollar) 1.0 Oz. Silver Bullion Coins minted by the Scottsdale Mint; Year of issue: 2020
24) Cayman Islands, A British Overseas Territory (BOT): A set of identically numbered Banknotes of the presently circulating Banknotes from the "D" Series of Banknotes
25) The Bahamas: "CRISP" (Counterfeit Resistant Integrated Security Product) Series of new Banknotes: A new $50 Banknote issued by the Central Bank of The Bahamas on 02.10.2019
Shishir Misra has ommented:
ReplyDelete"Must be taken seriously. Hope
GOI will make best use of technology. For
security features a team of experts be appointed. RBI inputs may also be considered. Paper quality, Best available technology in India be used.
I am of this view too, sir. Hopefully, in the future, we will have better quality Banknotes, with the latest security features.
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