The Reserve Bank of Australia has begun to circulate the new $10 banknote, the second of the Bank’s Next Generation banknote family. The design of the new $10 banknote continues to feature illustrations of Australian writer and journalist Dame Mary Gilmore, and Australian bush poet, journalist and author AB ‘Banjo’ Paterson. The new note also retains the same size…
The Reserve Bank of Australia has today issued its new $5 polymer banknote. It is the first of the new series to be issued, as part of the central bank’s Next Generation Banknote Program. The $5 note is printed using Innovia Security’s Guardian® polymer substrate and contains a variety of new security features. This includes the first…
The Reserve Bank of Australia (RBA) has revealed the design of the new $5 banknote denomination which is to enter circulation on 1 September 2016. The new denomination is the first to be revealed of the next generation of banknotes, which will eventually replace the current series of notes that began circulating in 1992. During the development…
There have been several reports in the global media regarding an increase of counterfeit banknotes in Australia. The sources relate to the Reserve Bank of Australia’s Annual Report which identified a 63% increase in counterfeit banknotes withdrawn from circulation during the 2014/15 period. This equated to 37,000 notes with a nominal value of $2.0 million, which…
A report by Australian bank Westpac has stated that Australian smartphone users predict the country will be 90% cash free by 2027. In fact, Westpac believe there is an expectation that it could be as early as 2022 if excluding survey results from those who believe the country will never be cash free. The Westpac…