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New Banknotes Unveiled For Samoa

Written by Pio Sioa
Monday, 21 July 2008
New tala currency notes are ready for public circulation, after the official launching on Friday night by the Prime Minister, Tuilaepa Sailele Malielegaoi. Representatives from the Government and Business communities were at Robert Louis Stevenson Museum to witness the unveiling for the first time of the five new legal notes. The new $2, $5, $10, $20, $50 and $100 currency notes, all feature new artworks different from the ones currently in use. The artistry highlights some of Samoa’s key developments in tourism and sports as well as photos of other standout landmarks like the Government and also the Central Bank Buildings in the centre of Apia. The $100 tala note continues to feature the portrait of the late Head of State, His Highness Malietoa Tanumafili II. Blended in among the general art designs are several new protective features against counterfeit and bogus reproduction of the legal notes. Fraud continues to be a wary concern the general public is regularly warned about by the Central Bank of Samoa. De La Rue in England printed the currencies at a cost of ST$7 million, according to PM Tuilaepa in his key not speech. All local currencies are under the authority of the Central Bank of Samoa, dating back to 1984 when they held responsible for the first time for organizing the printing of the national currencies. The new banknotes took Government and the Central Bank 3 years to organize with the British money printing company, De La Rue in England. Polymer paper or ‘plastic’ as it is commonly referred to by many in the public, is once again the choice of quality used, and continues the transformation of the last two decades from paper because of its shorter lifespan. There is a chance however that Samoa will change from $2 paper notes to coins, as it is already done in nearby New Zealand and Australia, “That will be up to the Central Bank to look into. They will need to carry out an opinion survey first of the public’s reaction to such a change,” PM Tuilaepa revealed. Coins currently in use are from 5 sene up to $1. There used to be one and two sene coins but they have since been phased out and are no longer circulated. The identities of the new banknotes were kept strictly under wraps until Friday night when the Prime Minister pulled the curtains for the invited guests to see them for the first time, Comments (4) Subscribe to this comment's feed The one tala coin was like a 3 pound cornbeef. written by waiki, July 21, 2008 If Samoa ever changed notes into coins, please make them (coins) in a way that people can be able to carry up to maybe $5.00 or even $10.00 in their pockets. When I went back to Samoa a few years ago, the $3 tala coin(s) I had in my pocket was like carrying a nine pound cornbeef. Thanks Samoalive New written by Agnes, July 25, 2008 Faafetai lava ile tou website. O ita nei e nofo overseas but o le tou website lava e fai ma iloa ai news o samoa. Keep up the best. sene written by lomi, July 27, 2008 Aisea ua le toe fa'aoga ai e tagata i Samoa le sene? Fia malamalama pe iai se tali a se isi fa'amolemole. ... written by a guest, July 28, 2008 Write comment Name Email Title Comment
Last Updated ( Thursday, 24 July 2008 )

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