{"id":1719,"date":"2018-07-06T11:29:37","date_gmt":"2018-07-06T11:29:37","guid":{"rendered":"https:\/\/www.mintageworld.com\/blog\/?p=1719"},"modified":"2018-07-06T11:29:37","modified_gmt":"2018-07-06T11:29:37","slug":"banknotes-of-the-world-i","status":"publish","type":"post","link":"https:\/\/www.mintageworld.com\/blog\/banknotes-of-the-world-i\/","title":{"rendered":"Banknotes of the World-I"},"content":{"rendered":"

Welcome to our series of \u201cBanknotes of the world\u201d. Though banknotes by their very definition are a type of negotiable promissory note, made by a bank, payable to the bearer on demand, they are artistic treasures in their own right. All the countries are no doubt proud of their history and heritage and proudly boast about them on their currency notes. Currency notes and their designs and the reason behind their issuance are in itself a topic of great interest and study.<\/p>\n

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For our first part of the series, we are discussing the banknotes issued by the British Armed Forces.<\/p>\n

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After the end of the great World War II in 1945, France, Britain, the United States and Russia agreed at the Potsdam Conference to split Germany into four occupation zones. The British area was occupied by the 21st Army Group that was collectively known as the British Army of the Rhine (BAOR). The most challenging job that remained post-war was to reassemble Germany’s basic infrastructure and cope with a population on the brink of starvation.<\/p>\n

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To handle this, the BAOR that operated as a country within a country, required a monetary system that would function to serve the needs of the occupying forces. As the war had devastated the economy, a severely problematic black market trade and high inflation were plaguing the country.<\/p>\n

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To overcome existing and potential monetary problems and to cut down the risk of local government hostility, the military authorities were given permission to issue special “military currency”. This British Military currency was to function alongside the local currency issued by the local authorities.<\/p>\n

 <\/p>\n

The first series of notes was issued in 1946 and obviously has no series indication. The smallest denomination was 3 pence and the highest was 1 Pound. Later on, a second edition was made to replace this one. A total of 6 issues were released from BAF currency\u2019s introduction in 1946 to 1972.<\/p>\n

 <\/p>\n

The introduction of the 6th<\/sup> Series was prompted because the United Kingdom had changed over to decimal currency. There were three denominations – five pence, ten pence and fifty pence. These new denominations had the words ‘New Pence’ to distinguish it from the pre-decimal pence. The sixth series, together with the 1 and 5-pound notes of the second series, was used in Berlin up to December 31, 1979, when they were finally withdrawn.<\/p>\n

 <\/p>\n

Let\u2019s have a look at a few notes that were issued in the year 1962. The Note Specifications are as follows:<\/p>\n

 <\/p>\n

\"banknotes-of-the-world\"<\/a><\/p>\n

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Issuing Country: United Kingdom<\/p>\n

Denomination: 5 New Pence<\/p>\n

Year of Issue: 1962<\/p>\n

 <\/p>\n

Obverse: Denominational value \u201c5 P\u201d is seen on all corners with a large one to the left with the words \u201c6th series\u201d over it. Value of the banknote \u201cFive New Pence\u201d is in the centre with \u201cBritish Armed Forces\u201d at the top. Texts \u201cIssued By Command of the Defence Council\u201d at the bottom with \u201cSpecial Voucher\u201d on the left and right borders.<\/p>\n

Reverse: This blue, red, and green coloured note have the words \u201cFive New Pence\u201d is in the centre with denominational value \u201c5 P\u201d is seen on all corners with a large one in top right and bottom left corners. Complex lined patterned design.<\/p>\n

 <\/p>\n

\"banknotes-of-the-world\"<\/a><\/p>\n

 <\/p>\n

Issuing Country: United Kingdom<\/p>\n

Denomination: 10 New Pence<\/p>\n

Year of Issue: 1962<\/p>\n

 <\/p>\n

Obverse: Denominational value \u201c10 P\u201d is seen on all corners with a large one to the left with the words \u201c6th series\u201d over it. Value of the banknote \u201cFive New Pence\u201d is in the centre with \u201cBritish Armed Forces\u201d at the top. Texts \u201cIssued By Command of the Defence Council\u201d at the bottom with \u201cSpecial Voucher\u201d on the left and right borders.<\/p>\n

Reverse: Denominational value \u201c10 P\u201d is seen on all corners with a large one in the centre. Value of the banknote \u201cTen New Pence\u201d is in the centre left and at the top. Complex lined patterned design.<\/p>\n

 <\/p>\n

Don\u2019t these British Armed Forces banknotes have an interesting history? Collecting banknotes have been a hobby probably since the inception of paper money. Hobbies help to gain knowledge. Notaphily is such a hobby that will give you knowledge of numerous countries and their currencies.<\/p>\n

Indeed instead of just spending the money, just for once let\u2019s appreciate the beauty of their designs. There are so many more and we are very excited to explore such wonderful artworks. Stay with us and let\u2019s enjoy this together.<\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to our series of \u201cBanknotes of the world\u201d. Though banknotes by their very definition are a type of negotiable promissory note, made by a bank, payable to the bearer on demand, they are artistic treasures in their own right. All the countries are no doubt proud of their history and heritage and proudly boast … Continue reading Banknotes of the World-I<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":11,"featured_media":1724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[163],"tags":[371,890,891,889,892,893],"yoast_head":"\nBanknotes of the World-I - Blog | Mintage World<\/title>\n<meta name=\"description\" content=\"Instead of just spending money, just for once let\u2019s appreciate the beauty of their designs and history. 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