Russia Marks Sochi with the World's First Winter Olympic Games Banknote14 марта 2014 года

The Central Bank of Russia has issued a new 100 Rubles banknote dedicated to the 2014 Winter Olympic Games - which started on February 7 in the southern seaside resort city of Sochi. Apart from the rare occasion itself (this is the first time Russia has hosted the Winter Olympics since their launch in 1924) and the opportunity to cement it in a banknote, the new note is unique for Russia in several ways. It is the Bank's first commemorative issue and the first time a vertically-oriented design has been used instead of a traditional landscape composition. It is also the first note to incorporate several features previously unseen on Russia's banknotes, and the first banknote in the world issued to mark the Winter Olympic Games.
The design of the new note reflects both the character of the host city and the nature of the event. It depicts a flying snow-boarder on the front, along with Sochi mountains and several of the Olympic venues in the background. On the back is the Olympic Stadium and the Sochi Seaport building set against a patchwork motif background featuring various winter sports.
The vertical orientation was chosen to emphasise the uniqueness of the region, which combines the proximity of mountains and warm sea. These elements are also mirrored in the banknote's colour scheme, with prevailing blue tones symbolising winter sports and yellow-orange denoting Sochi's subtropical climate.

Eye-Catching Design
The eye-catching design is the result of collaborative work between Goznak and the Central Bank's team, while the image of the flying snowboarder was developed from a sketch provided by a student who won a public contest to produce the artwork.
In developing the new note, major emphasis was placed on the public features. The snowboarder, Olympic Stadium and the various venues have been produced with intaglio print. The mountains and patchwork motif background are offset printed using a special line raster made up of various microelements and repeated 2014 numerals 2014. The background design on the back also features Goznak's 2D-IRIS technique. This is a rainbow moire pattern combining Orloff effects and iris printing with smooth colour transition that can be achieved in any direction simultaneously.

Threads and Snowflakes
For the first time, a 15 mm wide polymer thread has been used. This is integrated into the paper and appears as a continuous semi-transparent stripe on one side and as a decorative oval see-through aperture on the other. The decorative element exhibits itself in the form of a snowflake which changes image from positive to negative depending on the viewing angle.
The image of the Olympic torch next to the snowboarder has been produced using Goznak's HMC (Hidden Multi Colour) - a combination of offset and intaglio printing with colour-shifting and latent image effects. When viewed straight on, the torch appears as a single-coloured image finished in hues of grey and light brown, but when the banknote is tilted three distinct colours emerge. When the note is then rotated without changing the viewing angle each colour changes to a different colour.

Another First
The Olympic flame appears in the form of a holographic patch - another first for Russian banknotes, both in terms of the feature itself and the application method. Kurz's advanced partial metallisation technology known as Kinegram® was chosen to depict the various colours of the flame and create effects of movement. This is achieved through exact registration of metal to diffractive elements and extremely fine resolution resulting in brilliant, fine-lined metallised images with clear moving patterns and transparent intermediate areas. The feature also incorporates repeated microtext.
An additional feature on the back of the note is a mythical firebird printed with SICPA's SPARK®, which produces a highly reflective image with a strong dynamic aspect.
Further features include an electrotype watermark ( 2014) with the five-ringed symbol of the Olympic Games, as well as UV, IR and magnetic features for machine authentication.
A total of 20 million pieces have been put into circulation. They were issued on October 31, 100 days before the start of the Games.
Source: Currency News February 2014 Vol 12 No 2
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