Dr. Ali Mehilba writes:
The Arabic Chapter of International Banknote Society (IBNS) has published a few books about the history of banknotes including a book about Egypt , another about Kuwait and our last book about Libya. Our next book will cover world Replacements.
A replacement banknote is a banknote that is printed to replace a faulty one and is used as a control mechanism for governments or monetary authorities to know the exact number of banknotes being printed.
As quality control finds defective notes in the printing process after the serial number has been overprinted, they are taken out with their serial number written down and replaced with another banknote printed specifically for this purpose, so that the amount of banknote being printed stays the same in each production batch.
This saves time and money compared to re-printing exactly the same serial number that was used before. It is rare that the replacement banknote has the same serial number as the original faulty one.
A replacement note will have its own serial numbering system that separates it from the normal numbering system.
I would appreciate it if your readers can support su with information about replacement notes of countries that you have data for.
We are willing to cover any cost and also will mention in our book in the acknowledgments. I mainly need detailed information on the replacement notes in each country: When did they start ? How does it work ? I could use a scan or better original notes which we will pay for.
Dr. Ali Mehilba
President of Arabic Chapter of International Banknote Society IBNS
247 Horia Street ;Sporting ;Alexandria
Tel +2012 213 7814
Can anyone help with the project? Has this information been compiled elsewhere for international banknotes?