Tuesday, January 5, 2010

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Printing money The Central Bank of The Bahamas is preparing to issue a new, more counterfeit-strong $100 banknote, just ahead of the busy Christmas season. The Counterfeit Resistance Integrated Security Product (CRISP) will enter circulation starting tomorrow and is the sixth and final denomination in a CRISP family of bank notes. The regulator is now asking the public to pay attention to the new differences to reduce the cases of counterfeit money in The Bahamas. "The public can help reduce opportunities for counterfeiters by paying closer attention to banknote posters and pamphlets located in clearing banks and government agencies," read a statement from the Bank. "These new banknotes will circulate alongside the existing $100 banknotes which will eventually be phased out of circulation." The Bank will launch an education initiative to get the public familiar with the changes. The new banknote is purple, blue, green and mauve in color, said the Bank, and bears a portrait of Queen Elizabeth II on the front, and a picture of a blue marlin on the bank. Some of the signs that will mark these notes from other are a new watermark of the queen and the numeral 100 on the front left and a new see-through feature that shows only a partial image of the sand dollar until it is held up to a light source, at which point a complete image of the sand dollar appears. Tuesday December 15, 2009