Archive for July 10th, 2017

Evolution of banknotes in New Zealand (1967-2017)

July 10, 2017

In 1967 New Zealand moved to decimal currency system.

Matthew Wright of RBNZ tracks the changes in banknotes ever since:

Banknotes are always designed with imagery relevant to the society in which they will be circulating, symbolising the national identity of the issuing country. Reviewing the historical designs of New Zealand’s banknotes from this perspective reveals a more complex picture of the 1967 switch to decimalisation than the usual perception of a discontinuous change.

Despite the switch from imperial to decimal currency, there were clear social continuities in the imagery used for the pre-decimal Series 2 and first
decimal Series 3 notes. The real conceptual break came with the Series 5, 6 and 7 decimal notes introduced from 1992–93, which introduced new
iconography and themes common to all three series. While the Series 2 pre-decimal and Series 3 and 4 decimal series, by intent, reflected similar mid-20th century social values – underscoring the stable social character of the New Zealand society of their day, the decimal Series 5, 6 and 7 carried a different range of subjects which were selected through public consultation, formal public survey and independent expert analysis, for relevance to the society of the late 20th century and beyond.

Nice bit..


What lies behind the rise of Christian universities in Africa?

July 10, 2017

Fascinating article by Joel Carpenter, Director of Nagel Institute for the Study of World Christianity, Calvin College. The role of religion in shaping education has been critical. I doubt other religions have excelled in this shaping as much as Christanity has. Be it primary or secondary education, the Christian education places generate a lot of trust.

In Africa, there has been a rise in Christian Universities. Reason is both demand and supply:


World Bank’s shifting role: From development bank to an investment bank?

July 10, 2017

Prof. Steven Friedman of University of Johannesburg points to the shifting role of World Bank:


Canada’s beautiful coins…

July 10, 2017

Alex Tabarrok has stunning pictures on Marginal Revolution Blog of Canadian coins. Are they really coins?

Lessons of economics and globalization from Raj Kapoor’s song – Mera joota hai Japani

July 10, 2017

Amit Varma, the editor of Pragti has a nice piece.

He says one can learn economics lessons from the famous Raj Kapoor song: Mera Joota hai Japani.


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