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Sunday, 10 December 2023

3102) A $1,000 (One Thousand Dollars) Banknote, issued by the Bank of Guyana: Date of Banknote issue: 04.03.2019:

3102) A $1,000 (One Thousand Dollars) Banknote, issued by the Bank of Guyana: Date of Banknote issue: 04.03.2019:

About Guyana:

Guyana, a country on South America’s North Atlantic coast, is defined by its dense rainforest

English-speaking, with cricket and calypso music, it is culturally connected to the Caribbean region. 

Its capital, Georgetown, is known for British colonial architecture, including the tall, painted-timber St. George’s Anglican Cathedral. A large clock marks the facade of Stabroek Market, a source of local produce.

With an area of 215,000 square kilometres, Guyana is the third-smallest sovereign state on mainland South America after Uruguay and Suriname

The main economic activities in Guyana are agriculture (production of rice and Demerara sugar), bauxite and gold mining, timber, shrimp fishing and minerals

The Guyanese dollar has been the unit of account in Guyana (formerly British Guiana) since 29.01.1839.

Following Guyana’s independence in 1966, the Guyanese dollar was re-introduced

Banknotes:

Private Banknotes were introduced in the late 19th century by the British Guiana Bank and the Colonial Bank

Both Banks issued Banknotes in the denominations of 5, 20 and 100 dollars. 

The British Guiana Bank issued notes until 1907, with the Colonial Bank issuing notes until 1917

The Colonial Bank was taken over by Barclays Bank, which issued Banknotes in denominations of 5, 10, 20 and 100 dollars between 1926 and 1941.

In 1909, the Royal Bank of Canada introduced 100 dollars Banknotes, followed in 1913 by 5 and 20 dollars notes. 

From 1920, the notes also bore the denomination in sterling. 

100 dollars were issued until 1920, with the 5 and 20 dollars issued until 1938.

Paper money production specifically for British Guiana ceased in 1942 and local Banknotes were replaced by BWI$ (British West Indies Dollar) Banknotes in 1951

In 1955, the BWI$ was decimalised and coinage was issued in the name of the "British Caribbean Territories, Eastern Group". 

In 1965, the East Caribbean dollar (EC$) replaced the BWI$ and circulated in British Guiana for a year until, following independence in 1966, the Guyanese dollar was introduced, replacing the East Caribbean dollar at par.

On 15.11.1965, Banknotes were introduced in denominations of 1, 5, 10, and 20 dollars.

Second Series was issued between 1988 and 1992 consisted of 20-, 100-, and 500-dollar denominations. 

The 1996–1999 Series included 20, 100, 500, and 1000 dollars. 

The 2000–2002 Series included 500- and 1000-dollar notes. 

New Banknotes of 100 and 1000 dollars were issued on 29.03.2006

The 100-dollar note is similar to the preceding issue of the same denomination, except the design has been slightly modified with larger numerals for the denomination in the upper left front corner, a different screen trap background pattern, and shortened printer imprint. 

Both notes now have designs that extend to the borders and watermarks that include an electrotype map of Guyana

The 2011 issue included 500 and 1000 dollars with brand new security features, the most notable is the holographic stripe with a colorful macaw replacing the OVD patch used on the previous issues.

The $1,000 (One Thousand Dollars) Banknote:

The Bank of Guyana (BoG) has released an upgraded $1000 currency Banknote on 04.03.2019 with two significant changes.

These changes are part of the Bank’s commitment to the continuous upgrade of Guyana’s currency notes. The upgraded $1000 note circulates alongside the existing notes of the same denomination.

This upgraded currency note kept most of the elements of the previous note with only two significant changes to the front and back of the Banknote.

The first change is the replacement of the holographic stripe at the front of the note with a RAPID® micro-optic security feature.

The six millimetre-wide, blue micro-optic feature displays fluid and highly visible movement behind the national flower – the Victoria Regia Lily, which is also represented in the print on the edges of the note.

With only a slight tilt of the banknote, the BoG added, the bands in the RAPID feature move up and down behind the static numerals “1000” as the flower petals shimmer in blue and white.

Meanwhile, the second change is the replacement of the windowed security thread at the back of the currency note with an embedded plastic thread, which is visible when held against the light.

Guyana’s $1000 note was upgraded in 2011 when improved security features were introduced. 

At the time, the $500 bill was also upgraded. Among the changes made then to both notes were a “holographic stripe” and an upgraded watermark among other features.

The Front of the $1,000 Banknote features the Bank of Guyana crest in the centre. To the right is a Map of Guyana showing its mineral resources.

There is a stylised flower - half (partially) at the left side of the Front and partially at the right edge.

A wide security strip figures to the left of the map of Guyana.

The predominant colours of this Banknote is Olive green on orange with a rose multicolour underprint.

The Serial numbers are printed in black - one in the vertical format at left and one on upper right with ascending size numbers.

The lettering is $1000, Bank of Guyana - One Thousand Dollars.

The Watermark features a Macaw's head and the figure "1000".

The Back of the $1,000 Banknote depicts the Bank of Guyana building in the centre. The stylised flower is split at both ends features in a similar style as on the Front.

There is a segmented security strip on the Back. 

This Banknote has been printed by Giesecke & Devrient, Leipzig, Germany.









(The above Banknote is from the collection of Jayant Biswas. Banknote scanned and post researched and written by Rajeev Prasad).







Links to Posts on Guyana:

1) A $500 (Five Hundred Dollars) Banknote issued by the Bank of Guyana

2) A $1000 (One Thousand Dollars) Banknote issued by the Bank of Guyana: Date of Banknote issue: 04.03.2019

Links to Posts on Turks and Caicos Islands:

1) A Quarter Crown (1/4) Coin, Turks and Caicos Islands (TCI), A British Overseas Territory (BOT): The Coin was only issued in 1981 and was since demonetised in 1986

2) A Half Crown (1/2) Coin, Turks and Caicos Islands (TCI), A British Overseas Territory (BOT): The Coin was issued only in 1981 and was since demonetised in 1982

Links to Posts on Curacao on this Blog:

1) 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

2) Trains of South America, Curacao: Cpost International (Curacao Post) has issued a set of stamps featuring Trains of South America: Date of Stamp set issue: 21.06.2021

3) Willemstad, Curacao: 25 Years of UNESCO World Heritage Site: Cpost International (Curacao Post) has issued a set of 16 postage stamps celebrating the milestone: Date of Stamps set issue: 18.08.2022

4) Willemstad, (Dutch, Caribbean Island, Curacao), Netherlands: "Dutch World Heritage Coin Series": Tenth Coin in the Series of 10 Euro (Gold) and 5 Euro (Silver) Collector Coins minted by the Royal Dutch Mint (RDM) feature this historic city: Date/Year of Coins issue: 02.02.2023

For some other interesting posts on Currencies of the Caribbean Sea and the Atlantic Ocean, please visit the following links:








Links to some other interesting posts from South American countries & Mexico:

1) The Evolution of Mexican Coinage


24) Bolivar Soberano (or "Sovereign Bolivar"), Venezuela: (2018 Series of Banknotes) introduced by Banco de National, the Central Bank of Venezuela on 20.08.2018 


1) Trains of South America, Curacao: Cpost International (Curacao Post) has issued a set of stamps featuring Trains of South America: Date of Stamp set issue: 21.06.2021

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