BERMUDA - The Bermuda Monetary Authority (Authority or BMA) is announcing that the new $2 and $5 banknotes printed by De La Rue on SAFEGUARD® polymer substrate, a thin, flexible plastic material, will enter circulation this fall. Aimed at educating the general public about the new banknotes, the ‘Same look, Smarter design’ campaign is set to begin on 30 October 2024.
The new polymer banknotes will maintain the familiar appearance of the current $2 and $5 notes, which are traditionally printed on cotton. They will feature advanced security details, including an ARGENTUM™ tuna fish and Enhanced GEMINI™ patterns visible under UV light. The ARGENTUM™ security feature is a specialist silver ink that allows mirror-like free-form shapes on the final banknote. These polymer notes will also be among the first to showcase King Charles III's effigy, following the passing of Queen Elizabeth II.
Craig Swan, CEO of the Bermuda Monetary Authority, said, “The introduction of the new $2 and $5 polymer banknotes in Bermuda is a significant step forward towards increasing the durability and security of our currency. This shift not only demonstrates our commitment to embracing advanced technology but also aligns with our sustainability goals by reducing the environmental impact of our banknotes. The new banknotes will also be accessible to more Bermudians, as they are more user-friendly for individuals who are visually impaired. We are pleased to provide this advancement to the public, and we look forward to the benefits it will bring to our financial system.”
