Money Finance News New Australian $5 note unveiled by the RBA

New Australian $5 note unveiled by the RBA

Artwork for the new Australian $5 banknote.
Tweet Share Reddit Pin Email Comment

The Reserve Bank of Australia has unveiled the design of the new $5 banknote, which includes new security features to prevent counterfeiting.

The new banknotes will be issued into circulation from September 1, 2016, although the RBA said it would take some time for the new banknotes to be widely circulated.

“Innovative new security features have been incorporated to help keep Australia’s banknotes secure from counterfeiting into the future,” RBA Governor Glenn Stevens said in a statement.

• Qld Nickel administrators advise liquidation
• China’s Aussie investments jump 33 per cent
• High-speed rail would protect ‘population ponzi’

“As can be seen in the images, these include a distinctive top-to-bottom window.”

Pictures show key aspects of the existing design have been retained — colour, size and people portrayed — which the RBA said was for ease of recognition and to minimise the disruption to businesses.

The banknote also includes a new “tactile” feature to help the vision-impaired community distinguish between different denominations

The designs are the culmination of a process of extensive consultation with subject-matter experts and the cash-handling industry, as well as qualitative research involving focus groups, the statement said.

The design on the back of the note.
The design on the back of the note.

“Each banknote in the new series will depict a different species of Australian wattle and a native bird within a number of the elements,” Mr Stevens said.

The $5 banknote features the Prickly Moses wattle and native Australian bird, the Eastern Spinebill.

Images of the design artwork for the new $5 banknote have been revealed to facilitate preparations for the smooth introduction of the new banknotes, the statement said.

Information on the new design and security features, which will be common to all banknotes in the new series, and how they work will be part of a public awareness campaign over coming months.

The objective of the campaign will be to ensure that members of the public are able to identify and use the range of new security features on the new $5 banknotes when they start to receive them.

The current series of banknotes can continue to be used even after the new banknotes are issued.


View Comments