New note in your wallet!
Higher denomination currency after 25 years
By Dr. Kavan Ratnatunga
A Rs. 2000 currency note, the first higher denomination
note after over 25 years was issued into circulation by the Central
Bank on October 17. The same denomination was issued as a commemorative
coin five months ago.
Printed just before the presidential election
in 2005, without a final decision on their release, the notes were
kept in the Bank vault for almost one year. Normally, stocks are
held without date and signature, which are printed last when needed.
Dated 2005.11.02, the Rs. 2000 note carries the signatures of former
Minister of Finance, Dr. Sarath Amunugama and former Governor of
the Central Bank, Sunil Mendis.
The new Rs. 2000 note features images from Sigiriya,
and is predominantly lighter rose and brown in colour. A Sigiriya
fresco reappears on the currency note; It was last used on the Rs.
100 notes from 1952 to 1969. The theme and colour is the same as
the pictorial Rs. 2 note first issued in 1941-02-01 with a portrait
of King George VI.
Measuring 164 x 82 mm which is 10 mm longer and
4 mm wider than the current Rs. 1000 currency note, the Rs. 2000
note is slightly longer than expected since all higher denomination
notes are 6 mm longer and 4 mm wider than their immediately lower
denomination. However, being exactly twice as long as it is wide,
it will stack better and probably just fit into most wallets without
an extra fold on top.
The risk of forgery is a major drawback with high
denomination currency notes. With modern computer technology, forgeries
of the Rs. 1000 and Rs. 500 notes may go unnoticed by the public
in a bundle of notes, although easily identified by closer inspection
of the security features. This is the reason for the elaborate designs
and intaglio printing on currency notes.
The Rs. 2000 note contains several new advanced
security features.
The 4 mm. wide Starchrometh with 'gaps' is on
the front of the bank note, while its colour will change from red
to green when the note is tilted with clear text showing Rs 2000,
butterfly motif and SRI LANKA. The mirror image of this text also
appears along the band with the start of sequence and the six broken
segments located randomly. A vertical gold band with a repeated
lotus motif is printed on the back of the note.
A watermark representing the Heraldic Lion in
the National Flag of Sri Lanka with highlighted sword is a see through
feature. CornerstoneTM a specific watermark feature can be seen
as diagonal bars at four corners of the bank note when the note
is held up to the light.
Micro lettering 0.25 mm in height with the repeated
text banner SRI LANKA CENTRAL BANK in Sinhala, Tamil, and English
is printed on both sides.
The fluorescent printing incorporated in this
note can be viewed under Ultra-Violet (UV) light. As is standard
for this series, the denomination 2000 within box appears to the
left of the metallic strip. The large dull green and orange circular
motif behind the 'Sesatha' glows with a beautiful bright yellow
and red. To assist the visually impaired, 20 tactile bars have been
incorporated in the front, left and right hand centre edges of the
note that can be rubbed for texture feel. The strengthened corners
feel like plastic in the front.
It will be a few months before Bank ATMs issue
the new Rs. 2000 currency note.
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