Transcript Currency – Ngultrum Notes

Currency –
Ngultrum Notes
Topics coverage
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Currency background
Clean Note awareness
Note Refund aspects
Counterfeit Notes
Security features of the Notes
Background on Currency
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Currency Note issuance
Notes available - Nu.1, Nu.5, Nu.10, Nu.20,
Nu.50, Nu.100, Nu.500 & Nu.1,000
New Notes available at the RMA &
Commercial Banks
New series & old series Notes in circulation
Notes & Coins in circulation – Nu.5.44
billion as on 10.3.2010
Clean Note Policy
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Objective – durability & increase the life of
the currency note
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No stapling on notes
No writing/scribbling on notes
Tearing/crumpling of notes not permissible
ATM usage
Soiled Notes
Notes setting into fire
Cost of printing/replacement very high
Note Refund by RMA &
Commercial Banks
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Mutilated/torn/burnt/defaced notes are
exchanged at face value
Note refund subject to certain criteria:
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Torn note but undivided larger piece should be
more than 60% intact – full value refund
Torn note piece of near 50% - full value refund
Torn note into smaller pieces – no refund
Burnt notes in fire accident (special case)
Full Value Refund
Half Note – Full Value Refund
PAY HALF
DATE & SIGN
PAY HALF
DATE & SIGN
Burnt Note – Full Value Refund
(Speical case)
Counterfeit
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Counterfeiting - a part of the system
Experience – approx. 30 pieces in a year
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Mostly Nu.100
Notes have high security features to deter
counterfeiting of notes
Currency Verifier, UV light, Sorting
Machines
Print & paper quality
Security features on Notes
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Intaglio microlettering
Embossed feature
Embedded security thread
3 dimentional mould-made watermark
Peak showing denominational figure
Iridescent feature
Recognition feature for the blind (embossed)
Security features on Notes
Intaglio-Micro Text Line
Security Thread
Windowed clear-text thread
3-Dimensional mould-made
Water mark
PEAK®(Printed and
Embossed Anti-Copy Key)
Iridescent Feature
For further information, visit RMA website
rma.org.bt
Tashi Delek