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(Bloomberg) -- The Swiss National Bank’s new 50-franc ($50) bill was named bank note of the the year by a group of international connoisseurs, beating out 18 competitors including the Bank of England’s controversial polymer note as well as ones from the Seychelles and Macedonia.

Among the runners-up in “very tight voting” were bills from the Maldives, Argentina and Scotland, according to a statement from the International Bank Note Society on Tuesday.

Founded in 1961, the non-profit group seeks to advance the study of knowledge of paper currency around the world. It has more than 2,000 members.

To contact the reporter on this story: Catherine Bosley in Zurich at cbosley1@bloomberg.net.

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss

©2017 Bloomberg L.P.

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