25-08-2016 04:23 PM - edited 14-09-2016 09:54 AM
The Reserve Bank of Australia (RBA) will be updating the Australian Banknotes consecutively over the next 5 years, starting with the $5 banknote due to be released on 1 September 2016.
Each denomination of the next generation banknotes (NGB) will depict a different species of Australian wattle and a native bird. On the $5 banknote, these are the Prickly Moses Wattle and Eastern Spinebill and the release date coincides with National Wattle Day. If you’d like to find out more about the new $5 note you can visit the RBA website.
It’ll take some time for the new $5 banknote to be widely circulated and the current $5 banknote will remain in circulation as legal tender after 1 September 2016 until further notice.
Why's it changing?
The new notes will have upgraded security features to ensure Australia's banknotes remain secure into the future. There's also a new tactile feature (raised bumps) to assist the vision-impaired community.
For more details on the some of the specific changes, check out this link on the RBA website.
Take a look at the new design below!
Over the coming weeks we'll publish more posts about the many new security features of the $5 note - we hope you'll find them as interesting as we do.
- Tactile Feature
- Reversing 5
- Rolling Colour Effect
- Flying Eastern Spinebill
- Top-to-Bottom Window
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