Reference Site for Islamic Banknotes

Items that made News in 2002

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Jordan

The new series of notes issued by Jordan continues. The 5-dinar and 10-dinar notes have been released into circulation. (See below for previous news on this issue) [Submitted by Mahdi Bseiso and Claudio Marana -- December 2002]

Iraq

The new Iraqi 25-dinar note has been seen with a control number of 0000 (in Arabic numerals). It is not known whether this indicates a replacement note, a specimen note or simply an error. It is believed that all Iraqi notes commence with a control number of 0001. [Submitted by Armen Hovsepian -- December 2002]

Jordan

Jordan is set to introduce a new series of banknotes towards the end of the year. There will be five denominations, each with a different monarch illustrated on the notes. The monarchs to be depicted are:
1 Dinar -- Sariff Hussein ibn Ali
5 Dinars -- King Abdullah I
10 Dinars -- King Talal ibn Abdullah
20 Dinars -- King Hussein
50 Dinars -- King Abdullah II
[Submitted by Mahdi Bseiso -- August 2002]


Bangladesh

The new 100-taka can be viewed from this link: [ go to image ]. Continuing the new issues, a new 500-taka note [ go to image ] and a new 20-taka note [ go to image ] have been issued in July. The 500-taka note has received the same treatment as the 100-taka note. That is, the portrait of Sheikh Mujib has been removed and replaced with the same design of the Martyr's Monument at Savar and a date of 2002 is on the back of the note. The 20-taka note is the same as the previous 20-taka note, but it is smaller, carries the date of 2002 on its back, and has a perfect registration device. It also has an electro-type watermark and what appears to be a single disc printed to aid the visually impaired. [Submitted by Ray Ahn -- July 2002]


Qatar

The following item is from on-line edition the Gulf Times (on or about 14 July 2002):

The whole range of Qatari bank notes will be replaced with new bills which will sport significant changes in content as well as format to reflect the historical, cultural and social aspects of Qatar, says a report in a local Arabic daily.
Quoting the deputy governor of the Qatar Central Bank (QCB), Sheikh Fahd bin Faisal al-Thani, the report says that one riyal bills would be replaced by coins.
The new currency bills are expected to be in circulation before the end of this year, the paper quoted Sheikh Fahd as saying.
The printing and the minting of the new currency will be done using state-of-the-art technology like the one used for printing the euro, the QCB deputy governor said.
“It will be foolproof with no scope for any forgery. It will also be unique and stand out among other currencies of the region,” he said.

[Submitted by Chris Zellweger -- July 2002]


Maldives

A new 20-rufiyaa note has been issued (or will be issued in the near future). The design of the note is similar to the recently issued notes. [Submitted by Claudio Marana -- July 2002]


Bahrain

A new 50-dinar note is rumoured to be under preparation. Considering the recent change in status of Bahrain (in becoming a Kingdom), it is expected that the new note will reflect the change in status.


Egypt

A new 5-pound note has been issued by Egypt [ go to image ]. It icarries a date of April 30, 2002 and has Signature 20. The 5-pound note is an enhanced version of the previous note (changes mostly on the front), similar to the 20 and 50 pound notes issued last year. The 25-piastre note has also been released with a wide security thread. [Submitted by Claudio Marana, Ray Ahn and Nazir Rahemtulla -- June 2002]


Bangladesh

The Bangladesh Bank is continuing to issue new paper notes without the portrait of the Sheik Mujibur Rahman. The 100-taka note was issued in June 2002. While the new note is yet to be seen, it is believed that it is the same as the previous issue, but with the State Emblem of Bangladesh replacing the portrait of Sheikh Mujib.


Iraq

New 25-, 100- and 250-dinar notes have been issued in Iraq. [ Go to image ] Adopting a common style of design, the notes carry a portrait of Saddam Hussein on the front and illustrations of Iraqi heritage on the backs. The 25-dinar note carries illustrations of the Ishtar Gate and a Lion of Babylon, the 100-dinar note carrys buildings in Old Baghdad, while the 250-dinar note shows the Dome of the Rock.


Libya

A new series of notes is being issued from Libya. The 10-dinar note is illustrated on this web-site [ go to image ]. The only other notes identified so far in the new series is the half- and quarter-dinar notes. [Submitted by Ray Ahn and Nazir Rahemtulla -- June 2002]


Iran

Recently some Iranian banknotes have appeared in the market with some fancy overprints on the watermark area, in fact one of them was featured in the recent Bank Note Reporter (February 2002 issue. Those of you who are serious collectors, the banknote shown on page 64 of Bank Note Reporter is a Replacement note). Many collectors and dealers have questioned the authenticity of these banknotes. These overprints  ARE NOT OFFICIAL,  they are not produced by the Central Bank of Iran, should not be cataloged, and should only be collected as local varieties.  They are best called "Fancy Overprints". It seems recently a movement has started in Iran whereby on special Islamic festival days, certain mosques or religious groups overprint the current banknotes (so far 100 and 200 Rials seen) and distribute them to others as gifts.  Basically the overprints are praises and greetings about Imam Mahdi (the 12th successor to the Prophet Mohammed), or other religious verses, such as "Son of Hssan Al Askari", "Greeting to the followers of Ali", "Happy Ghadir Khom Festival", "Ali's ruling will be worldwide" and so on. [ Go to image. ] The example featured in the "Bank Note Reporter" is a more common example, several dealers and collectors already have these.  [Submitted by Armen Hovsepian -- February 2002]


Egypt

New 50-piastre and 1-pound notes were placed into circulation during the week 4-10 February 2002. The 50 pt carries the new signature of Mr. Mahmud Abo Eleyon, who was appointed as Governor of the Bank of Egypt at the beginning of November 2001. The first prefix  of the 50 pt is #177 and is dated 15 January 2002. The 1-pound note also carries the new signature, has the first prefix of #381 and is dated 4 February 2002. Both notes have the date in the new full format and not as a code. The last prefix for the previous 1-pound note is #380. The first prefix for the new 50-pound note with the new design and signature is #29. [Submitted by Armen Hovsepian -- February 2002]


Iran

The 100- and 200-rial notes have appeared with an over-print [go to image] . There has been a degree of speculation as to what the overprints say and why they were done. While the details are yet to be confirmed, this is what I have discovered here in Australia.
According to an Iranian employee of the Iranian Embassy in Canberra, the overprint reads: 'Son of Imam Hassan Askari'. Evidently, the son of Imam Hassan Askari, the 11th successor to The Prophet, is Imam Mahdi, the 12th successor to the Prophet. Some Muslims believe that Imam Mahdi will return to earth, bringing Peace and Justice, in much the same way that some Christians believe that Jesus will return and also bring Peace and Justice.
As to the question of whether it is official or not ... I received two different answers. One opinion was that it was official, made by the Central Bank of Iran, while another opinion was that the overprint may be official, but it could equally have been made by a religious group who may be wishing to promote their support of Imam Mahdi. If it was done by the religious group, they would have distributed the notes to the poor, or to their supporters, during a religious gathering (probably on the day celebrating the Anniversary of the birth(?) of Imam Mahdi, which is on 15 Sha'ban. The last ocurence of 15 Sha'ban was on 13 November 2001.) [Submitted by Peter Symes -- February 2002]


Iraq

It was previously advised that the new 25-dinar note (see below) might have an error. It now appears that there is a line of text missing from the banknotes. It is fairly obvious when you compare it to a previous 25-dinar note. On the old banknotes, the first line says 'Twenty Five Dinars'; the second line says 'Legal tender issued according to the Law of'; and the third line says 'the Central Bank of Iraq'. On the new note, the third line is missing, which means the text is almost nonsense. It is not unreasonable, that the note will be re-issued with the correct text. [Submitted by Armen Hovsepian -- February 2002]


Bangladesh

The new 10-taka note [go to image] is not exactly the same as the polymer note. The new paper note no longer has the portrait of Sheikh Mujibur Rahman, but the rest of the note is pretty much the same as the polymer note. The State Emblem of Bangladesh replaces Sheikh Mujib on the front of the note, a security thread is used at left of centre, and a white oval replaces the see-through panel. [February 2002]


Jordan

JD20 dated 1422/2001 is in circulation. [Go to image] . The notes retain the portrait of the late King Hussein. [Submitted by Ray Ahn and Nazir Rahemtulla -- February 2002]


Egypt

Egypt hs introduced a new £50.00 note. [Go to image] It has enhanced secuity features and carries the new date of 2001. [Submitted by Armen Hovsepian, Nazir Rahemtulla, Ray Ahn -- February 2002]


Iraq

A new 25-dinar note has been issued in Iraq. [Go to image.] The banknote is slightly smaller than the other banknotes, has Saddam's picture on the right side and some green/pink circular design to the left.  The serial number is 6 digit and the date is 2001 - 1422 (Hejira).  The back shows Ishtar Gate and the Lion of Babylon.  Brown, green, yellow. I can't say this is a master piece of printing, but certainly far better than the previously issued banknotes. It is possible there is an error on this note (this is yet to be confirmed) and it may that this note will be recalled. (The previous two issues of Iraq had errors and had to be reprinted.) [Submitted by Armen Hovsepian -- January 2002]


Sudan

A new note in a new denomination has been introduced to Sudan. The new note is a 200-dinar note and it follows the general design and layout of other notes issued by Sudan over the past few years. It is not known when this note was introduced, but it carries the date 1998. [Submitted by Peter Symes -- January 2002]


Bangladesh

A new 10-taka note was released into circulation on 7 January 2002. It is the same design as the polymer note but it is printed on paper. This suggests that Bangladesh's experiment with polymer has ended ... but we wait to see the form of further issues which are expected to be without the portrait of Sheikh Mujibur Rahman. [Submitted by Peter Symes -- January 2002]


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