Solomon Islands Launches the First Denomination of a New, Upgraded Banknote Family

THE BANK OF SOLOMON ISLANDS YESTERDAY LAUNCHED A NEW $50 WHICH HAS BEEN DESIGNED AND PRINTED IN CLOSE COLLABORATION WITH DE LA RUE. THIS IS THE FIRST DENOMINATION OF A NEW FAMILY OF NOTES THAT WILL BE ISSUED OVER THE NEXT FEW YEARS.

Honiara, 27 September 2013:

The Bank of Solomon Islands yesterday unveiled the new $50 banknote at an event attended by a number of VIPs including the Finance Minister Rick Hou. This is the first denomination of the new family to be launched; the rest of the new banknotes will be issued over the course of the next few years.

The new note uses strong images and bold colours to reflect the vibrancy of the islands. On the front of the note, local basket weave designs are intended to represent the swirling movement of shoals of fish whilst indigenous fauna and flora - including an iguana, lizard and snake - are shown on the back. The most prominent security feature is the Optiks super wide security thread with a transparent window. The ingenuity of this feature was recently recognised when De La Rue received a Queen’s Award for Enterprise: Innovation for this security thread and its associated paper making process.

In launching the new notes, the Governor Denton Rarawa acknowledged the continued support that the Central Bank of Solomon Islands has received from De La Rue during the development of this first note of the new family. “I appreciate the close working relationship between our 2 institutions which has assisted greatly in this project. We look forward to future collaborations as we develop the rest of the new family of banknotes”.

De La Rue’s Sales Director Ruth Euling said ”We are honoured that the Bank of Solomon Islands has continued to place its trust in us and are proud to be associated with the launch of the new $50 note”.

Optiks is a trademark of De La Rue International Limited

ENDS

For further information:

Rob Hutchison
Group Director of Communications, De La Rue
Tel: +44 (0) 1256 605018
Email: [email protected]

About De La Rue plc:

As the world’s largest integrated commercial banknote printer, De La Rue is a trusted partner of governments, central banks, issuing authorities and commercial organisations around the world.

The Group has in recent years been involved in the design or production of over 150 national currencies. De La Rue also produces a wide range of security documents including passports, driving licences, authentication labels and tax stamps. In addition, the Group manufactures sophisticated, high speed cash sorting and inspection equipment.

De La Rue also offers a range of specialist services and software solutions including government identity schemes, product authentication systems and cash management processing solutions.

De La Rue employs approximately 4,000 people worldwide and is listed on the London Stock Exchange.

About The Central Bank of Solomon Islands:

Central Bank of Solomon Islands (CBSI) was established in February 1983 under the Central Bank of Solomon Islands Act 1976 which was amended in 1985 to, amongst other things, strengthen the Bank’s supervisory capabilities and expand its central banking functions. Besides being charged with the responsibility of acting as Banker to the Government and Commercial Banks, the Central Bank, as agent for the Government, is responsible for conducting monetary policy.

For further information, please contact The Central Bank of Solomon Islands at http://www.cbsi.com.sb/.

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