The Central Bank of Nicaragua has been awarded Banknote of the Year for its new Cordoba series.
Reconnaissance, the organisers of High Security Printing Latin America, announced the winner of the Regional Banknote of the Year 2016 at a special ceremony during the conference in Mexico City, Mexico on 21 June 2016.
The Banknote of the Year award recognises outstanding achievement in the design, technical sophistication and security of a banknote or banknote series, the key judging criteria being that successful banknotes should combine visual artistry and high levels of technical and security sophistication, with considerable emphasis placed on reflecting the cultural heritage of the issuing country in the note, and the relevance of the overall design and symbolism to the issuing country.
Winner: New Cordobas Series
The award was presented to Banco Central de Nicaragua for a new series of polymer and paper banknotes launched in 2015.
The five new polymer notes have greater durability, especially in the lower denominations, than previous notes. The highest denomination, the 500 cordobas, is printed on paper.
The banknotes have been redesigned and upgraded with leading-edge security features, greater harmony in the designs (which feature architecture on the front and cultural traditions on the reverse – each denomination relating to a specific region of the country), more contrasting colours and more use of optical effects.
The polymer notes are printed on Innovia’s Guardian® substrate (including, for the first time, the 50 and 100 cordobas) while the 200 cordobas is the first circulating banknote in Nicaragua to feature Latitude® – a substrate-integrated diffractive optically variable device using silver nanoparticles that are not restricted to patch or stripe formats – with the shape of a guardabarranco (Nicaragua’s national bird).
The 500 cordobas, printed on paper, is one of the first banknotes to feature SPARK Live. It also features Oberthur Fiduciare’s DualTrack security thread, with the sacuanjoche (Nicaragua’s national flower) connecting the two non-adjacent tracks. The flower features in the watermark as well.
According to the central bank, the new series has achieved its objectives of improved aesthetics, increased durability, enhanced differentiation and recognition between the notes and greater resistance to counterfeiting. Moreover, the public reaction has been positive and less vault space is required for storage.
Special Achievement Award: 100,000 Pesos
In addition to the regional banknote award, a Special Achievement Award was made to Colombia’s central bank, Banco de la República de Colombia, for the successful and innovative introduction of its 100,000 pesos banknote.
In 2016, the bank will be issuing a new family of banknotes, featuring six denominations. With an increase in income and minimum wage in the country, the bank has introduced a 100,000 pesos banknote for the first time to meet demand for higher denominations.
The 100,000 pesos was launched in March 2016, the first note in the new series. This features an image of President Carlos Lleras Restrepo as well as the Quindio Cocora Valley and the country’s national tree, the palm wax.
The launch of the banknote was supported by an extensive public communications campaign, with the bank providing training materials, videos, audio message and multimedia presentations.
The campaign also included the introduction of an application for smartphones and tablet devices which uses five actions (look, touch, lift, turn and check) to help the public recognise the security features implemented in the notes.
The bank is also providing a series of training programmes, in particular for those who are visually impaired.
The remaining denominations ($20,000, $50,000, $10,000, $5,000 and $2,000 will be released throughout 2016). The series continues the concept of biodiversity shown in the family of coins which began circulating in 2012, while highlighting a group of cultural elements and geographical landscapes, which symbolise wealth, Colombian variety and creativity.
About the awards
The award judges comprised the Board of Directors of Reconnaissance International, the conference organiser and publisher of Currency News. Nominations were sought from the high security printing community and, for future awards, this community will be invited to take part in the process of shortlisting winners as well.
Note to Editors:
Reconnaissance International is the leading global source of technical and business intelligence for secure documents, personal identification, authentication and anti-counterfeiting, tax stamps and currency. Its activities cover the production of five industry-specific monthly newsletters, conferences and seminars, selected directories and industry reports, as well as strategic consulting for governments and businesses.
For more information, visit www.reconnaissance.net