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Currency – Ngultrum Notes. Topics coverage Currency background Clean Note awareness Note Refund aspects Counterfeit Notes Security features of the Notes.

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Presentation on theme: "Currency – Ngultrum Notes. Topics coverage Currency background Clean Note awareness Note Refund aspects Counterfeit Notes Security features of the Notes."— Presentation transcript:

1 Currency – Ngultrum Notes

2 Topics coverage Currency background Clean Note awareness Note Refund aspects Counterfeit Notes Security features of the Notes

3 Background on Currency 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

4 Clean Note Policy Objective – durability & increase the life of the currency note 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

5 Note Refund by RMA & Commercial Banks Mutilated/torn/burnt/defaced notes are exchanged at face value Note refund subject to certain criteria: 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)

6 Full Value Refund

7 PAY HALF DATE & SIGN Half Note – Full Value Refund PAY HALF DATE & SIGN

8 Burnt Note – Full Value Refund (Speical case)

9 Counterfeit Counterfeiting - a part of the system Experience – approx. 30 pieces in a year Mostly Nu.100 Notes have high security features to deter counterfeiting of notes Currency Verifier, UV light, Sorting Machines Print & paper quality

10 Security features on Notes Intaglio microlettering Embossed feature Embedded security thread 3 dimentional mould-made watermark Peak showing denominational figure Iridescent feature Recognition feature for the blind (embossed)

11 Security features on Notes

12

13 Intaglio-Micro Text Line

14 Security Thread

15 Windowed clear-text thread

16 3-Dimensional mould-made Water mark

17 PEAK®(Printed and Embossed Anti-Copy Key)

18 Iridescent Feature

19 For further information, visit RMA website rma.org.bt Tashi Delek


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