The Eastern Caribbean Central Bank (ECCB) has issued into circulation the $50 polymer banknote, the first of the new family designed and printed by De La Rue.
All of the new series have been produced on De La Rue’s Safeguard® polymer with the other denominations being issued over the coming months. The $100, $20 and $10 are due for release August – September 2019, with the $5 dollar note at the same time next year.
The design of the new series will be in a vertical orientation instead of the traditional horizontal orientation of paper banknotes. The $50 features a new image of the late Hon. Sir K Dwight Venner, previous Governor of the Central Bank. The $50 also has a holographic foil strip over the clear window to aid public recognition and includes a number of machine detectable security features to ensure authenticity.
The ECCB Monetary Council decided to change the material on which the EC banknotes are printed because polymer banknotes are inherently more durable, providing central banks with a quantifiable increase in the lifetime of a banknote; non-absorbent and therefore cleaner; and provide added security through the adapted design techniques and security features available.
All the banknotes in the new series include a unique tactile emboss feature to help the blind and visually impaired identify each note.
Governor Antoine of the Eastern Caribbean Central Bank commented:
“It is wonderful to begin issuing our new family of banknotes with this $50 note. I wish now to acknowledge the contribution of De La Rue with whom the ECCB has a long-term service agreement. Leveraging its global experience with polymer, De La Rue has been invaluable throughout this process.”
De La Rue’s Global Sales Director Ruth Euling said:
“We are delighted to have been able to design and produce all of the Eastern Caribbean Central Bank’s new banknote family, beginning with the launch of the striking $50 note. De La Rue has produced currency for the Eastern Caribbean for over 50 years and we are proud to continue this relationship and additionally provide support for the public education activities.”
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Safeguard® is a registered trademark of De La Rue International
For further information, please contact:
De La Rue: Sinead Keller- Head of Media and PR
e. sinead.keller@delarue.com m. +44 (0)7584 155244
About De La Rue:
De La Rue’s purpose is to enable every citizen to participate securely in the global economy. As a trusted partner of governments, central banks and commercial organisations, De La Rue provides products and services that underpin the integrity of trade, personal identity and the movement of goods. As the world’s largest designer and commercial printer of banknotes, De La Rue designs, manufactures and delivers banknotes, banknote substrates and security features to customers in a world where currency will continue to be a key part of the developing payments eco-system.
De La Rue is the only fully integrated supplier of both paper and polymer banknotes, and creates security features that ensure banknotes are protected against counterfeiting. De La Rue is the world’s largest commercial printer of passports, delivering national and international identity tokens and software solutions for governments in a world that is increasingly focused on the importance of a legal and secure identity for every individual. De La Rue also creates and delivers secure product identifiers and ‘track and trace’ software for governments and commercial customers alike to help to tackle the challenge of illicit or counterfeit goods and the collection of revenue and excise duties.
De La Rue is listed on the London Stock Exchange (LON-DLAR). For further information visit www.delarue.com
