11
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
Bank of Sierra LeoneBank of Sierra Leone
THE THE NEW RESIZED NEW RESIZED BANKNOTESBANKNOTES
22
Bank of Sierra Leone
INTRODUCTION OF A NEW FAMILY OF RESIZED BANK NOTES
SENSITIZATION
Presentation by : Mrs. K.R Saccoh Director Banking Department
33
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
44
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?
55
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
66
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%
77
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
88
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
99
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
1010
The Security Features Of The Resized The Security Features Of The Resized Notes Cont’dNotes Cont’d
THE SECURITY FEATURES Le5,000 notes
• Mould made water mark of Lion’s head
• See Through Feature
•Hologram with inscription 'BSL’
•Electrotype
• Blind recognition “Cricket Legs" –(Extra Tactile Feature)
• Intaglio (Raised print)
•Starchrome Thread
• Lift Classic
FRONT
BACK
Mould made water mark of Lion’s head
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
• Mould made water mark of Lion’s head
• See Through Feature
• Electrotype
• Kaleidoscope Foil
• Blind recognition “Cricket Legs” (Extra Tactile Feature)
• Intaglio (Raised print)
•Scroll Thread
• Lift Classic
FRONT
BACK
Mould made water mark of Lion’s head
See Through Feature
Electrotype
Kaleidoscope FoilBlind recognition “Cricket Legs” (Extra Tactile)
Intaglio Scroll ThreadLift Classic
1212
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
• Mould made water mark of Lion’s head
• See Through Feature
• Electrotype
• Blind recognition “Cricket Legs” (Extra Tactile Feature)
• Intaglio (Raised print)
• 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
1313
Watermarks & ElectrotypesWatermarks & Electrotypes
1414
Security ThreadsSecurity Threads
Le10000
Le5000
Le2000
Le1000
1515
““See-Throughs”See-Throughs”
1616
Intaglio (Raised Print)Intaglio (Raised Print)Front
Back
1717
Holograms & FoilsHolograms & Foils
Le10000
Le5000
Le2000
1818
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
1919
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
2020
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.
2121
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.
2222
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
2323
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
2424
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
2525
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.
2626
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
2727
Thank youThank you
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