1 the new resized banknotes. 2 bank of sierra leone introduction of a new family of resized bank...

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Bank of Sierra LeoneBank of Sierra Leone






























THE THE NEW RESIZED NEW RESIZED BANKNOTESBANKNOTES

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Bank of Sierra Leone

INTRODUCTION OF A NEW FAMILY OF RESIZED BANK NOTES

SENSITIZATION

Presentation by : Mrs. K.R Saccoh Director Banking Department

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Background Background The DecisionThe Decision

Decision taken in 2008/2009:Decision taken in 2008/2009: To discontinue the printing of the existing one-sized bank notesTo discontinue the printing of the existing one-sized bank notes

To progress to a family of resized banknotesTo progress to a family of resized banknotes

To maintain the current design themes To maintain the current design themes

To enhance the security features to forestall counterfeitingTo enhance the security features to forestall counterfeiting

To improve durabilityTo improve durability

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Shortcomings of The Existing NotesShortcomings of The Existing Notes Difficulty in identifying denominations using feel Difficulty in identifying denominations using feel

features only.features only. Easy to mix different denominations in Easy to mix different denominations in

bundles.bundles. Incidence of short-payments due to mixing of Incidence of short-payments due to mixing of

various denominations in wrappers/packages.various denominations in wrappers/packages.

Why Resized Bank Notes?Why Resized Bank Notes?

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Why Resized Bank Notes Why Resized Bank Notes ContCont..

Advantages Of The Resized NotesAdvantages Of The Resized Notes Resized notes will make it easier for the public to separate Resized notes will make it easier for the public to separate

denominationsdenominations Mixed denominations could be easily identifiedMixed denominations could be easily identified Visually impaired can sort notes using the size and ‘cricket Visually impaired can sort notes using the size and ‘cricket

leg features’ feature to separate denominations.leg features’ feature to separate denominations. smaller banknotes are wallet friendly-easy to sort and carrysmaller banknotes are wallet friendly-easy to sort and carry More notes can be printed from the same bank note paperMore notes can be printed from the same bank note paper The resized notes have enhanced security featuresThe resized notes have enhanced security features Post print varnish applied on notes to enhance durabilityPost print varnish applied on notes to enhance durability

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Differences In Size Between The Existing Differences In Size Between The Existing Notes And Resized Bank NotesNotes And Resized Bank Notes

Denomination - Le

Old size New size Size reduction

1,000 155mm x77.5mm 135mm x 67mm 25%

2,000 “ “ 140mm x 69mm 20%

5,000 “ “ 145mm x 71mm 14.3%

10,000 “ “ 150mm x 73mm 9%

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Differences cont’d.Differences cont’d.

Visual Differences• Different Sizes

• Enhanced security features

•Change of signatories

•Slight change in color in the Le1,000 and Le10,000 notes

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Security Features Of The ResizedSecurity Features Of The Resized Bank NotesBank Notes

Three main featuresThree main features Look: for distinct visual features such as the Look: for distinct visual features such as the

watermark, see through, the thread, cricket legs watermark, see through, the thread, cricket legs etc.etc.

Feel : for unique-ness of the banknote and other Feel : for unique-ness of the banknote and other touch features, like cricket legs, intaglio etc.touch features, like cricket legs, intaglio etc.

Tilt: for visual features only visible when tilted in a Tilt: for visual features only visible when tilted in a particular angle or directionparticular angle or direction

For security reasons not all of the security features are listed

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The Security Features Of The Resized The Security Features Of The Resized Notes Cont’dNotes Cont’d

THE SECURITY FEATURES-Le10,000 note

• Mould made water mark of Lion’s head

• See Through Feature

•Hologram with inscription ’Le10,000 and BSL’

•Electrotype

• Blind recognition “Cricket Legs" –(Extra Tactile Feature)

• Intaglio (Raised print))

•Starchrome Thread

FRONT

BACK

Mould made water mark of Lion’s head

See Through Feature

Hologram with inscription ’Le10,000 and BSL

Electrotype

Blind recognition “Cricket Legs" –(Extra Tactile Feature)

Intaglio

Starchrome Thread

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The Security Features Of The Resized The Security Features Of The Resized Notes Cont’dNotes Cont’d

THE SECURITY FEATURES Le5,000 notes



•Hologram with inscription 'BSL’

•Electrotype

• Blind recognition “Cricket Legs" –(Extra Tactile Feature)

• Intaglio (Raised print)

•Starchrome Thread

• Lift Classic

FRONT

BACK


See Through Feature

Hologram with inscription 'BSLElectrotype

Blind recognition “Cricket Legs" –(Extra Tactile Feature)

Intaglio

Starchrome Thread

Lift Classic

1111

BACK

The Security Features Of The The Security Features Of The Resized Notes Cont’dResized Notes Cont’d

THE SECURITY FEATURES- Le 2,000 note



• Electrotype

• Kaleidoscope Foil

• Blind recognition “Cricket Legs” (Extra Tactile Feature)


•Scroll Thread

• Lift Classic

FRONT

BACK


See Through Feature

Electrotype

Kaleidoscope FoilBlind recognition “Cricket Legs” (Extra Tactile)

Intaglio Scroll ThreadLift Classic

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BACK

The Security Features Of The The Security Features Of The Resized Notes Cont’dResized Notes Cont’d

THE SECURITY FEATURES- Le 1,000 note



• Electrotype

• Blind recognition “Cricket Legs” (Extra Tactile Feature)


• Magtext Thread

• Lift Classic

FRONT

BACK

Magtext Thread

Mould made water mark

of Lion’s head

See Through Feature

Blind recognition “Cricket Legs” (Extra Tactile Feature)

Electrotype

Intaglio

Lift Classic

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Watermarks & ElectrotypesWatermarks & Electrotypes

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Security ThreadsSecurity Threads

Le10000

Le5000

Le2000

Le1000

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““See-Throughs”See-Throughs”

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Intaglio (Raised Print)Intaglio (Raised Print)Front

Back

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Holograms & FoilsHolograms & Foils

Le10000

Le5000

Le2000

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Public Education PlanPublic Education PlanThe Strategy The Strategy

t

Posters

Radio/TV Talk Shows

Jingle/spots

Town crier

NewspaperAdvertorial

BSL Board Preannouncement Outreach

Announcement/Press conf.

Public Education

BSL Management

Parliament

Commercial Banks

Press Conference

& Seminar

BSL Staff

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StakeholdersStakeholders Commercial BankCommercial Bank Community BanksCommunity Banks Members of ParliamentMembers of Parliament The Office Of National SecurityThe Office Of National Security Armed Forces Of Sierra LeoneArmed Forces Of Sierra Leone The Ministry Of FinanceThe Ministry Of Finance The Sierra Leone PoliceThe Sierra Leone Police National Revenue AuthorityNational Revenue Authority The Petty Traders AssociationThe Petty Traders Association The Sierra Leone Indigenous The Sierra Leone Indigenous

Business Men AssociationBusiness Men Association Sierra Leone Association Of Sierra Leone Association Of

JournalistsJournalists The Bar AssociationThe Bar Association Discount HousesDiscount Houses Forex BureauxForex Bureaux Freetown City CouncilFreetown City Council Kenema Town CouncilKenema Town Council NASSITNASSIT The Ministry Of informationThe Ministry Of information The Ministry of TradeThe Ministry of Trade Diplomatic Missions In Sierra Diplomatic Missions In Sierra

LeoneLeone Sierra Leone Chamber of Sierra Leone Chamber of

CommerceCommerce

Sierra Leone Labor Sierra Leone Labor CongressCongress

Lebanese/Indian Lebanese/Indian Communities In Sierra LeoneCommunities In Sierra Leone

MRU SecretariatMRU Secretariat WAMAWAMA WABAWABA Car Dealers AssociationCar Dealers Association National Tourist BoardNational Tourist Board Hotels (Management)Hotels (Management) Casinos ( Management)Casinos ( Management) Educational InstitutionsEducational Institutions Sierra Leone Teachers Sierra Leone Teachers

UnionUnion National Students UnionNational Students Union Farmers AssociationsFarmers Associations Inter-religious CouncilInter-religious Council Market Women AssociationMarket Women Association

Sierra Leone Medical AndSierra Leone Medical And Dental AssociationDental Association

Fisher Men UnionFisher Men Union Transport Owners Transport Owners

AssociationAssociation Sierra Leone Airport Sierra Leone Airport

AuthorityAuthority Sierra Leone Ports AuthoritySierra Leone Ports Authority United Nations Institutions In United Nations Institutions In

Sierra LeoneSierra Leone Sierra Leone Motor Drivers Sierra Leone Motor Drivers

unionunion Civil Society MovementCivil Society Movement Cassettes Sellers Cassettes Sellers

AssociationAssociation Shipping AgenciesShipping Agencies Paramount ChiefsParamount Chiefs Local AuthoritiesLocal Authorities Chiefdom EldersChiefdom Elders

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The Pre-announcement The Pre-announcement OutreachOutreach

Informed the stakeholders highlighted in the Informed the stakeholders highlighted in the previous slide about activities planned for the previous slide about activities planned for the introduction of the resized notes.introduction of the resized notes.

Encouraged their opinion of the plan and Encouraged their opinion of the plan and suggestions to enhance its effective-ness suggestions to enhance its effective-ness

Sought their support for the plan and commitment to Sought their support for the plan and commitment to help promote it in their respective constituencies.help promote it in their respective constituencies.

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TheThe AnnouncementAnnouncement Took the form of a Press Conference at which the Took the form of a Press Conference at which the

announcement will be made by the Governor.announcement will be made by the Governor.

A seminar for the general public immediately followed A seminar for the general public immediately followed the Press conferencethe Press conference

Launched the start of the public education campaignLaunched the start of the public education campaign

Broadcasted live on television and synocast on selected Broadcasted live on television and synocast on selected Radio stations nation wideRadio stations nation wide

The launch date and the transition plan were The launch date and the transition plan were announced.announced.

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PublicPublic Education Education The campaign sensitizes all public, to ensure that the public recognizable differences The campaign sensitizes all public, to ensure that the public recognizable differences

between the old and new notes are well known.between the old and new notes are well known.

The promotion of a note handling policy is also a major component of the campaignThe promotion of a note handling policy is also a major component of the campaign

The emphasis is on effectively communicating the transition plan, especially the gradual The emphasis is on effectively communicating the transition plan, especially the gradual nature of the process.nature of the process.

The communication media highlighted in the previous slide are used to communicate the The communication media highlighted in the previous slide are used to communicate the messages. messages.

Radio jingles and TV spots are in multiple local languages aired in the regions they are Radio jingles and TV spots are in multiple local languages aired in the regions they are dominant.dominant.

Town criers and or megaphone men/women are utilized to spread the message at the Town criers and or megaphone men/women are utilized to spread the message at the border crossing points.border crossing points.

The posters are displayed at all commercial banks, hotels, custom posts, educational The posters are displayed at all commercial banks, hotels, custom posts, educational institutions, Markets, casinos, town halls, local administrative courts , strategic institutions, Markets, casinos, town halls, local administrative courts , strategic intersections in all district head quarter towns, other strategic townships, all of our intersections in all district head quarter towns, other strategic townships, all of our embassies and Central Banks in the sub-region.embassies and Central Banks in the sub-region.

Parliamentarians, Paramount Chiefs/ chiefdom elders/ local authorities are also provided Parliamentarians, Paramount Chiefs/ chiefdom elders/ local authorities are also provided with quantities of posters for display in their various constituencieswith quantities of posters for display in their various constituencies

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Public Education cont’dPublic Education cont’dThe goals of the campaign:The goals of the campaign: The public must know how to get the new resized notesThe public must know how to get the new resized notes

The public must know how long they can use the old notes The public must know how long they can use the old notes

The public must be able to differentiate between the old and The public must be able to differentiate between the old and resized bank notesresized bank notes

The public must be able to identify some of the main security The public must be able to identify some of the main security features of the resized notesfeatures of the resized notes

The public must know the best ways of handling the notesThe public must know the best ways of handling the notes

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Deposit And Withdrawal Of NotesDeposit And Withdrawal Of Notes

Bank Of Sierra Leone

Commercial Banks

The General Public

New

no

tes

Old

n

ote

s

New

no

tes

Old

no

tes

Destruction of old notes

New

no

tes

New

no

tes

Old Notes

Verification

Demonetize

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Note Handling CampaignNote Handling Campaign

What is it?What is it? A component of the sensitization aimed at A component of the sensitization aimed at

preserving the life of the notes through preserving the life of the notes through better handlingbetter handling

It shows the good and the bad ways of It shows the good and the bad ways of handling the notes.handling the notes.

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The Message

Note Handling CampaignNote Handling Campaign

•Is focused on specific groups and occupations known for extensive handling of banknotes

•The illustrations depict known bad handling forms

•The correct form is depicted next to them

• The messages are in English because literacy islargely in that language.

•The messages is readable by a primary School pupil

•The poster is displayed along side that for the resized Notes

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Thank youThank you

1 the new resized banknotes. 2 bank of sierra leone introduction of a new family of resized bank...

Documents

resized notes contd

feel features

security features le10

touch features

main features

existing notes difficulty

cricket leg features

distinct visual features