3892) New Series of $2 and $5 (Dollars) banknotes issued by the Bermuda Monetary Authority (BMA): Date/Year of Banknotes issued: Fall of 2024:
The Bermuda Monetary Authority (BMA)is responsible for issuing all currency for Bermuda in accordance with Paragraph 11(2), Part IV of the Bermuda Monetary Authority Act 1969.
The Authority is moving to polymer banknotes because they are cleaner, safer and stronger than the existing banknotes, which are traditionally printed on cotton.
Polymer banknotes provide enhanced security features and increase the quality of the banknotes in circulation. Studies from other countries show that polymer banknotes last two‐and‐ a‐half times longer than cotton banknotes, making polymer a more sustainable solution.
The BMA has issued the polymer $2 and $5 banknotes in the Fall of 2024.
Designed and printed by De La Rue on SAFEGUARD® polymer substrate, these state-of-the-art banknotes are not only more sustainable, they will also incorporate the latest innovations in banknote security features such as an "ARGENTUM™" tuna fish and Enhanced GEMINI™ that appears under ultra-violet light.
These polymer notes will be among the first to feature the effigy of King Charles III.
These new polymer notes have half windows which are fully and partially transparent, depicting a cloudy sky and an underwater scene viewable from both sides.
Surrounding these windows, security features such as "ILLUMINATE™" and "ROTATE™" are fully integrated into the iridescent ink design of waves, multiple fish, and a sun, that appear when the notes are tilted.
The introduction of the new $2 and $5 polymer banknotes in Bermuda is a significant step forward towards increasing the durability and security of Bermuda's currency.
This shift not only demonstrates BMA's commitment to embracing advanced technology but also aligns with our sustainability goals by reducing the environmental impact of our banknotes. The new banknotes are more user-friendly for individuals who are visually impaired.
The existing banknotes and polymer banknotes will co‐circulate, which means the existing banknotes will remain an accepted form of payment and legal tender for the foreseeable future. There is no plan to withdraw the existing $2 and $5 banknotes out of circulation.
It is customary to introduce lower denominations into circulation first to help ensure a smooth, introductory transition. This allows for assessing the performance of a smaller quantity of banknotes prior to issuing the higher denominations of the banknotes.
At the present time, there is no date set for the production and issuance of the remaining denominations of polymer banknotes. Higher denominations will be introduced after consultation with stakeholders.
Enhanced Security features:
The new polymer banknotes feature embossed, tactile dots to help those with visual impairments differentiate between denominations.
The
$2 banknotes have a triangular pattern of raised dots while the $5 banknotes
have a circle. The BMA will conduct in‐person,
educational presentations for various stakeholders, to highlight the various
features of the new banknotes.
Similar to the existing banknotes, brand new polymer banknotes can sometimes be slippery and stick together. As is also the case with the existing banknotes, this effect will decline over time once the banknotes are in circulation and handled. See ‘Tips on caring for polymer banknotes’ below for more information on handling polymer banknotes.
The Authority has worked closely with the banknote printer to ensure that our banknotes are accessible to visually impaired individuals, partially sighted people, and those without visual impairments.
Instead of Braille, which not all visually impaired people are familiar with, the BMA decided to use tactile dots or shapes on the banknotes as unique identifiers. This allows anyone, regardless of Braille literacy, to identify the banknotes by touch.
Tactile patterns are more inclusive and help differentiate denominations. We understand that Braille numbers can be confusing, such as distinguishing between two, 20, five and 50, while simple shapes are easier to identify.
Additionally, Braille dots tend to wear down more quickly over time and become less effective, whereas the tactile embossing in the polymer substrate is designed to last longer.
Security Features:
Silver Tuna (Sea View): A
reflective, mirror-like image of a tuna fish is featured on the front of the
banknote, with its shadow visible on the back.
Clear window (See-Through): An
area that is both fully and partially see-through, showing a cloudy sky above
water, visible from either side.
Shimmering Ink (Se-cure): On
the reverse of the banknote, a wave design, multiple fish and a sun, printed in
gold ink, shimmer when the banknote is tilted.
Tactile emboss (Sea View): Raised dots form a patterned shape to help those with visual impairments differentiate between denominations.
Tips for caring for Polymer Banknotes:
- Store banknotes in cool and dry places like wallets and purses. This protects them from being damaged and keeps them clean.
- Keep banknotes flat. Crumpling them can reduce their life span and damage them.
- Do not staple banknotes as the resulting holes can easily cause tears. Use paper clips instead
- Do not expose polymer banknotes to excessive heat from household items such as irons, heaters or dryers as the banknotes can melt.
- Do not apply adhesive tapes to \undamaged banknotes. The tape can damage their appearance and texture.
- Do not write on banknotes. Writing on banknotes destroys their look and feel.
The new $2 and $5 polymer Banknotes:
Their design is similar to that of current Banknotes, but it will show the portrait of King Charles III.
Printed by De La Rue these Banknotes feature advanced security features described above, including an argentum Tuna Fish and enhanced GEMINI patterns visible under UV Light. They also have tactile designs to help visually impaired users in identifying the Banknotes.
The Back of the $2 (Two Dollars) Polymer Banknote shows the Dockyard Clock Tower and a Statue of Neptune.
On the Front of the $2 (Two Dollars) Polymer Banknote is a Bluebird (Sialia sialis)
The colour of this Banknote predominantly Turquoise.
The Front of this predominantly pink $5 Banknote with purple highlights features a blue marlin, dolphins and tuna fish as well as a profile of new monarch King Charles III.
(The above Banknotes are from the Collection of 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:
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
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
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26) A new 100 Boliviano Banknote from Bolivia: issued by the "Banco Centrale de Bolivia" (Central Bank of Bolivia) on 15.01.2019 under its new 2018 Banknote Series
27) Central Bank of Uruguay ("Banco Centrale del Uruguay"): 50th Anniversary (Golden Jubilee) - 1967-2017 - celebrated with the issue of a 50 Peso Commemorative Banknote on 14.09.2018
Links to Posts on Curacao on this Blog:
5) City of Bruges (or Brugge), Belgium: 20 Years as UNENCO World Heritage Site: A 20 Euro Silver Proof Coin issued by the Royakl Dutch Mint under licencing of the Royal Belgian Mint, on behalf of the National Bank of Belgium: Coin issue date: 26.02.2020
6) 100 Years of Nature & Environment Protection, Luxembourg: Commemorating the Centenary Anniversary of the "Letzebuerger Natur a Vulleschutsliga a.s.b.l. (Luxembourg Nature and Bird Protection Society):A 0.80 Euro Stamp issued by Luxembourg Postes (Post): Date of stamp issue: 10.03.2020
7) Celebrating 25 Years of listing on UNESCO World Heritage Sites, Luxembourg: A Commemorative Stamp of 0.80 Euro issued by Luxembourg Postes (Post): Stamp issue date: 10.03.2020
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For other interesting posts on issues from the Royal Dutch Mint, Netherlands and PostNL, please visit the following links:
10) First Atlases, Netherlands: Commemorating 450 Years of the first Atlas (1570-2020) & others: A Stamp Sheet of six stamps depicting the Atlases which were compiled in the Netherlands in the 16th & 17th Centuries AD: Stamp Set issued by POstNL: Date of Stamp Set issue: 23.03.2020
Intangible Cultural Heritage, Netherlands:
For interesting posts from the Caribbean Netherlands on "Experience Nature":
For interesting posts from the Caribbean Netherlands on this blog:
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Posts on Aruba on this blog:
Posts on Finland on this Blog:
Posts on Aruba on this blog:
Links to Posts on Curacao on this Blog:
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Posts on SEPAC issues on this blog:
Links:
Posts on Aruba on this blog:
Posts on Sweden:
Links:
The undernoted two links will take you to our blog "Footloose" for two interesting posts written by me on the Dutch presence in Sadras in the 17th Century AD:
5) City of Bruges (or Brugge), Belgium: 20 Years as UNENCO World Heritage Site: A 20 Euro Silver Proof Coin issued by the Royakl Dutch Mint under licencing of the Royal Belgian Mint, on behalf of the National Bank of Belgium: Coin issue date: 26.02.2020
6) 100 Years of Nature & Environment Protection, Luxembourg: Commemorating the Centenary Anniversary of the "Letzebuerger Natur a Vulleschutsliga a.s.b.l. (Luxembourg Nature and Bird Protection Society):A 0.80 Euro Stamp issued by Luxembourg Postes (Post): Date of stamp issue: 10.03.2020
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Posts on SEPAC issues on this blog:
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Links to Posts on Curacao on this Blog:
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