ECCB to Launch $50 Polymer Note
Tuesday 28th May, 2019-The Eastern Caribbean Central Bank is set to begin the launch of its new family of Eastern Caribbean Polymer notes.
The $ 50 note will be launched tomorrow by the Chairman of the ECCB Grenadian Prime Minister Dr. Keith Mitchell and Governor of the ECCB, Timothy Antoine.
Following the launch of the $50 note, the $100, $20 and $10 will be unveiled in August/September and the $5 in 2020.
The Eastern Caribbean Central Bank decided to change the material on which the EC banknotes are printed from paper to polymer because polymer banknotes are:
CLEANER: Polymer banknotes stay cleaner than paper notes as they are resistant to dirt and moisture.
SAFER: Polymer banknotes can incorporate advanced security features which make them more difficult to counterfeit.
STRONGER: Polymer banknotes last at least two and a half times longer than paper notes. This also makes them more environmentally friendly.
The $50 will now depict an image of the former Governor of the ECCB, the late Honourable Sir K Dwight Venner in honour of his legacy and service to the Bank and will also bear an image of Brimstone Hill Fortress National Park, St. Kitts and Nevis.
The key features of the EC Polymer Notes are:
Portrait Orientation – The notes are designed with a portrait orientation. The current paper banknotes are landscape oriented.
Upgraded Images and Landmarks – The images and landmarks at the back of the banknotes remain the same but have been enhanced.
Unique Tactile Feature – Each note will bear a unique tactile feature (raised bumps) specifically designed to assist the blind and visually impaired individuals with identifying the denomination of each note. These raised bumps form familiar shapes.
Holographic Foil Strip – This anti-counterfeiting feature is on the $20, $50 and $100, which are most susceptible to counterfeiting.
New Signature – The banknotes bear the signature of Governor Timothy N. J. Antoine.