2837) i) Philippines 1,000 Piso Banknote is the 2022 International Bank Note Society (IBNS) winner: ii) It is a competition among printers too: iii) About the International Bank Note Society (IBNS):
i) The Philippines Central Bank's 1,000 Piso Banknote in the 2022 Award winner in the IBNS competition:
The Philippines Central Bank’s 1,000-piso note was overwhelmingly named winner of the 2022 Banknote of the Year Award by the International Bank Note Society.
About 100 new bank notes were released worldwide during 2022, but only 19 were deemed of sufficiently new design to be nominated by the members of the IBNS for the competition.
Nominations closed on 31.01.2023 and the Philippine issue was the clear favourite from the start of voting.
Runners-up were Northern Ireland’s (Ulster Bank) £50 bill with flora and fauna, and the Bank of Scotland’s £100 pound note featuring Sir Walter Scott and Dr. Flora Murray.
Also in the top six vote getters were Algeria’s 2,000-dinar note showing the martyr’s memorial and minaret; the Barbados $50 note portraying former prime minister Errol Barrow; and Egypt’s 10-pound note illustrating mosque with pyramid and ancient queen.
All six are printed on polymer rather than paper.
The IBNS judges panel described the blue Philippines Banknote as combining an endangered species with an environmental motif.
The Back of the 1,000 Piso Banknote is unchanged from the previous 1,000-piso issue with Tubbataha Reefs Natural Park, a map, and a large South Sea pearl in the center.
Polymer represents a dramatic shift from the cotton and abaca material previously used on Philippine currency. Polymer banknotes continue to be popular IBNS favorites and are now perennial award winners.
The Philippines Central Bank “Award Winning Banknote” was printed by the Reserve Bank of Australia and its wholly-owned subsidiary Note Printing Australia.
Descendants of the three World War II heroes previously on the face of the note were so opposed to the design change that the Central Bank will continue to print both varieties of the 1000 Piso banknote for the time being.
Winners of recent IBNS Banknote of the Year competitions are all miniature works of art that represent their nation’s popular themes.
These winners should help provide a superb template as other countries consider how they eventually design and promote their own new banknotes.
The Philippines successful design in eye-pleasing blue combines an endangered species with an environmental motif. The 1000 Piso Banknote is similar in width but slightly longer than U.S. greenbacks.
ii) The Banknote of the Year is as much a competition among printers as among countries:
The Banknote & Security Paper printing major - De La Rue took the honours for the most entries with five, followed by Perum Peruri, Indonesia’s money-printing public corporation, with two.
The remaining printers were each responsible for one entrant - Crane Currency, Giesecke & Devrient, Hong Kong Note Printing Limited, Note Printing Australia, Oberthur, Oumolat Security Printing, Bank of Algeria, Banknote Factory of the National Bank of Kazakhstan, Central Bank of Egypt, and Pakistan Security Printing Corporation.
iii) About the International Banknote Society (IBNS):
The International Bank Note Society (IBNS) was founded in 1961. It operates as a non-profit educational organisation and in furtherance of such purpose, its objectives are to promote, stimulate, and advance the study and knowledge of worldwide banknotes and paper currencies and all matters related thereto along educational, scientific and historical lines.
Currently the IBNS has over 2,000 members in more than 90 countries.
Members enjoy a number of benefits - a quarterly printed journal containing information on new issues and learned studies on paper money, a membership directory with contacts and dealers to further their collections, professional assistance in the unpleasant event of controversy between collectors, and many other useful tools.
The goal of the IBNS web site is to provide a range of services to its members and to paper money collectors in general.
6) Viola Desmond, Civil Rights Activist & the first Canadian woman to feature on a circulation Banknote: A $10 Polymer vertically oriented Banknote issued by Bank of Canada on 19.11.2018 is the 2018 IBNS Banknote of the Year
To view a few posts on previous Coin of the Year (COTY) winners, please visit the following links:
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