BOJ clears up confusion over $5,000 bill
The Bank of Jamaica (BOJ) is informing the public that a commemorative $5,000 note, celebrating 50 years of Jamaican political independence, is currently in circulation.
The note, which was first issued in July 2012, caused confusion in the market. Some people have reported having trouble transacting with the invoice.
Although the commemorative $5,000 note is similar to the standard $5,000 note, there are some differences in appearance.
Nonetheless, both versions are genuine and acceptable for all legal tender transactions, the BOJ said. He also apologizes for the inconvenience caused.
Characteristics of the commemorative banknote:
- The front of both versions of the $5,000 features the image of the late Prime Minister of Jamaica, Hugh Lawson Shearer.
- The front of the commemorative $5,000 note also features the Jamaica 50 logo.
- The back of the standard $5,000 version and the commemorative version are similar except for the thumbnail, which is an aerial view of Highway 2000, for the former.
- For the commemorative $5,000, the reverse of the note bears the photograph of a group of children from Central Branch Elementary School (circa 1962) representing the national motto “Out of Many, One People”. This photograph previously appeared on the back of the $2.00 bill, which was in circulation between 1969 and 1994.
In terms of security features, these remain the same for the standard $5,000 note and the commemorative note, the BOJ said.
Despite the aforementioned differences between the standard version of the $5,000 note and the commemorative version, both are genuine notes for use in the settlement of transactions, as long as the security features comply with those listed on the bank’s website. Bank of Jamaica.