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Some banknotes come with a certain amount of history…there is a story which revolves around them. Such notes are called story notes and can be of interest to collectors, history lovers, or even memorabilia fans. Here are some stories we hope you enjoy:
Kuwait Money Before the Gulf war of 1992, Kuwait's currency (called the Third Issues), consisted of 1/4, 1/2, 1, 5, 10 and 20 Dinars (P11 - P16). A set of the six notes together, 36.75 Dinars, was approximately equal to 125 USD. After the war, the Iraqi government had this money stolen. When Kuwait became independent again, the government cancelled the Third Issues, leaving this money virtually worthless. Today these notes are valuable only to collectors and history lovers, but they must be in good condition. A set of the notes in good condition sells for about $35. If they are not in good condition, they are very cheap but evildoers may buy them and cheat others who do not know that these banknotes have been cancelled!!! The One Month Signature Since the first Egyptian banknote was issued in 1899, all banknotes were signed by the Governor of The National Bank of Egypt. This continued until 1960, when banknotes began to be signed by the Governor of the Central Bank. Egypt has had 21 governors thus far. The present Governor of The Central Bank of Egypt (or Gov. No 21) had signed only the 1, 20 and 100 pound notes when he decided to change his signature! After being in office for only one month he began using a new signature and started to withdraw the first signature from the market. This means that his original signature (signature 21a) was only in circulation for ONE month! This has NEVER happened in the history of Egyptian banknotes. Notes with this signature are already considered rare, and I believe they will be the rarest notes of Egypt. I highly recommend that you hold on to some of these notes for a short time and you will soon see what a good investment they are. Taken By a Member of the Royal Family?! It has been said that one of the members of the royal family in Bahrain has taken the plates of the 20 dinars (P16;Issued 1990s) note. This is the highest denomination in Bahrain, with a face value of about $53. When he took those original plates he placed an order from the supplier of original paper in an overseas printing house.They used the right paper and right plates; the only difference with the original was that they left a gap between the two Arabic letters of the prefix. When discovered, the Central Bank collected those unauthorized notes from the market and changed the design. So now both the original and immitated notes are out of circulation. Such notes are mainly of interest to collectors and--funny enough--to thieves, too. Many try to use it as original and change it with face value!!!!!!! Click Here To View An Example Of This Note
If you know a story regarding a specific banknote, please email it to info@banknoteclub.com so we can add it to our Story Notes page under your name. |
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