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Total commemorative banknotes issued is under 1,500 pieces. If you have achieved any figures close to this, then you are doing extremely well, as many of the older commemorative notes are hard to find even in poor conditions.

Opinion: Many collectors of commemorative banknotes would have come across with those Somaliland sets overprinted with gold and silver texts with the following wordings - 5th Anniversary of Independence 18 May 1996 [Sanad Gurade 5ee Gobanimadda 18 May 1996]. I believe these are "home made" (or fake) and not authorised by the central bank. My argument is simple. No central bank would have issued an overprint commemorative banknote that the texts are so large that it would cover the two signatures on the note as well as part of the serial numbers. Even if these are genuine notes, then these could be issued as souvenir sheets and not as legal tender. As I said before, this is my opinion. If you have paid top dollars for these, please think about my argument. There is always a sucker around the corner, including me of course!

All comments are most welcome but it has to be subjects related to banknotes or banknotes collection. If not, it will not be approved. Thanks

04 June 2016

...Macau - Banco Nacional Ultramarino 2016 Year of the Fire Monkey Commemorative

Ten Patacas
Dated 2016
Reverse

It appears that the two currency issuing commercial banks in Macau – Bank of China and Bank Nacional Ultramarino are now issued these 10 Patacas Chinese Zodiac commemorative notes on a biyearly basis since 2014. This year the Zodiac sign is the fire Monkey and the Rooster for 2017. Like previous issues, 20 million pieces were printed for public circulation. These notes were released on 9.5.2016. Whilst I am not sure as to why the banks decided to release them in paires, it would be more economical to do it this way rather than on an annual basis. In addition to the costs saving in printing them, the administration costs side of it could also be reduced too. These are the 5th and 6th issues in the 12 animals cycle. The series' full cycle will complete in 2023 with the Year of the Rabbit. The Zodiac signs usually start with the year of the Rat. This series commenced with the year of the Dragon in 2012.


Lunar Chinese New Year 12-year full cycle

23 January 2012 to 9 February 2013 - dragon
10 February 2013 to 30 January 2014 - snake
31 January 2014 to 18 February 2015 - horse
19 February 2015 - Goat - 07 February 2016
08 Feb 2016 to 27 Jan 2017 - monkey
28 Jan 2017 to 15 Feb 2018 - rooster
16 Jan 2018 to 04 Feb 2019 - dog
05 Feb 2019 to 24 Jan 2020 - pig
25 Jan 2020 to 11 Feb 2021 - rat
12 Feb 2021 to 31 Jan 2022 - ox
01 Feb 2022 to 21 Jan 2023 - tiger
22 Jan 2023 to 09 Feb 2024 - rabbit

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