The Bermuda Monetary Authority has released Bermuda’s new redesign banknotes series into circulation for public use. The new banknotes, which are available at banks across the island, represent the first complete overhaul of the Bermuda banknotes since it as introduce in Year 1970.

The Reserve Bank announced in the government mouthpiece Herald newspaper a series of trillion-dollar denominations to keep pace with hyperinflation that has left the once-dynamic economy in tatters.

The new 100,000,000,000,000 Zim-dollar bill would have been worth about 300 US dollars (225 euros) in January 2009’s exchange rate on the informal market, where most currency trading now takes place, but the value of the local currency erodes dramatically every day.

Standard Chartered Bank issued its last set of Banknotes in Year 2003. This set of banknotes was designed by a famous world-renowned designer Henry Steiner. His concept was to use supernatural animals from Chinese mythology as the theme, symbolizing the distinct energy and culture that makes Hong Kong one of Asia’s most dynamic and vivacious cities.