CBSI Introduces New Security Technology on $50 and $100 Bank Notes
The Central Bank of Solomon Islands (CBSI) has recently announced the introduction of a new security technology on its $50 and $100 bank notes. These bank notes, which are equivalent to $12.23 and $6.12 in US currency, entered circulation in the week they were introduced. The CBSI developed and produced these upgraded notes in collaboration with De La Rue, a leading global provider of currency and secure technology solutions.
Upgraded Solomon Islands Bank Notes Feature Micro-Optic Stripe
The upgraded bank notes from the CBSI come with an embedded 18-millimeter wide micro-optic stripe. This stripe runs through the full height of the bank note, replacing the transparent windows found on the previous versions of the notes that were first issued in 2013 and 2015. The micro-optic stripe features the design of the numerical figure of the respective bank note, along with the texts “CBSI” and the images of a shark and a crocodile, taken from the Solomon Islands coat of arms.
Unique Design Elements Enhance Security of Solomon Islands Currency
The new $50 and $100 bank notes also incorporate unique design elements to enhance their security features. The faces of the bills feature sloping numerals that create a “prevailing current” moving from left to right. Additionally, an eagle watermark is present, looking towards the right, and there is a general billowing of abstract patterns. The flag in the center of the notes is blowing from the left, and the strong, upward slanting yellow stripe adds to the dynamic movement effect. Fishing is also central to the designs, with abstract pattern works representing the swirling movement of shoals of fish.
Solomon Islands Bank Notes Highlight Local Fauna and Flora
The reverse side of the $50 bank note showcases montages of local fauna and flora, including a shell, lizard, snake, iguana, and mushrooms. These images represent the unique biodiversity of the Solomon Islands. On the other hand, the reverse side of the $100 bank note features scenes of coconut growing and plantation harvesting, along with images of an open coconut and a necklace. These design elements celebrate the natural resources and traditional practices that are an integral part of the Solomon Islands culture.
Overview of the Solomon Islands Currency Series
The Solomon Islands currency series is comprised of six denominations. In addition to the newly upgraded $50 and $100 bank notes, the series includes $5, $10, $20, and $40 notes. Each denomination showcases unique design elements and security features that reflects the cultural and natural heritage of the Solomon Islands. The introduction of the upgraded bank notes with the micro-optic stripe is a testament to the CBSI’s commitment to enhancing the security of its currency and staying at the forefront of technology in the field of banknote production.
Analyst comment
This news can be evaluated as neutral. The introduction of new security technology on the $50 and $100 bank notes enhances the security of the Solomon Islands currency. This is a positive development for the market as it helps prevent counterfeiting and build trust in the currency. However, the impact on the overall market is expected to be minimal as it only affects a specific denomination of banknotes in a single country.
