The Reserve Bank of Australia has today revealed the new design of the $5 Australian bank note which will sport new counterfeiting technology as well as better usability for the vision-impaired.
The new bank notes will begin circulation in from September 1, 2016 but the RBA says that it will take some time before the new notes reach everybody. The Governor of the RBA Glenn Stevens said in a statement today that, “innovative new security features have been incorporated to help keep Australia’s banknotes secure from counterfeiting into the future.”
“As can be seen in the images, these include a distinctive top-to-bottom window.”
The latest pictures show elements of the existing note such as colour, size and Queen Elizabeth whilst a new motif such as a species of the Australian wattle and a native Australian bird will give the note a distinguishable look. The RBA says that this will aid the ease of recognition whilst minimalising disruption to businesses.
The banknote will also have a “tactile” feature to assist the vision-impaired distinguish between the notes.
Stevens added that, “each banknote in the new series will depict a different species of Australian wattle and a native bird within a number of the elements.”
The new design and security features will become common across all Australian banknotes in the new series. Don’t go throwing out your fives just yet though – the current $5 notes will still be tenderable after the new notes come into play.