Prize-giving: Members of the Bermuda Monetary Authority and note printers De La Rue show off Bermuda’s award from the International Banknote Society. *Photo by Kageaki Smith

Prize-giving: Members of the Bermuda Monetary Authority and note printers De La Rue show off Bermuda’s award from the International Banknote Society. *Photo by Kageaki Smith

Bermuda’s cash has been proved worthy of note — our $2 bill has won a prestigious global award.

It scooped the Banknote of the Year Award by the International Banknote Society.

Alan Cossar, chairman of the Bermuda Monetary Authority board of directors, accepted the accolade at a reception at BMA House yesterday.

It was presented by Peter Symes, president of the IBNS.

Mr. Cossar said: “The Authority is honoured. Our currency team worked diligently over a number of years to produce the new Bermuda banknotes, introduced to the public in 2009.

“One of the objectives was to develop a series that not only showcased Bermudian flora, fauna and places of historical interest, but which also incorporates the latest in banknote security and anti-counterfeiting features.”

Mr. Symes said: “The IBNS board was very impressed that such a low denomination note has such comprehensive security features. 

“But we were particularly impressed with the design of the note and the variety of features within it.” 

Also attending  the ceremony were Matt West, representative from international note printers De La Rue, former BMA chairman Alan Richardson and Barclay Simmons, BMA board member, whose signatures are on the award-winning note.