logo
Receive the latest mybusiness news
SUBSCRIBE TO OUR NEWSLETTER
Copyright © 2020 MOMENTUMMEDIA

New $20 note set to enter circulation

Adam Zuchetti
Adam Zuchetti
09 August 2019 1 minute readShare
Australia's new $20 bank note

Keep your eyes peeled – Australia’s new $20 note, affectionately known by many as “the watermelon”, is about to be released into general circulation.

The new design of the revamped $20 banknote was released in February this year, as part of a progressive refresh of all of Australia’s banknotes.

On Friday (9 August), the Reserve Bank of Australia (RBA) gave a two-month notice of the impending release of the new banknotes, which will enter circulation from Wednesday, 9 October 2019.

Advertisement
Advertisement

“While they will soon be shipped around the country in time for release, as with any new banknote, it will take time for them to be widely available,” the RBA said.

The central bank noted that the new note is “a big logistical exercise”, with more than $170 million of $20 notes currently in circulation.

 

“The Reserve Bank has been working closely with manufacturers and businesses that use cash-handling machines to help them prepare for the new banknotes,” it said.

The new $20 note features the images of two Australians attached to enterprise and ingenuity, the RBA said: one is Mary Reibey, a former convict who went on to become a successful businesswoman, the other is Reverend John Flynn who pioneered the iconic Royal Flying Doctor Service.

Like the new $5, $10 and $50 notes released before it, the revamped $20 note features new security measures aimed at thwarting counterfeits, including the full-length “window” strip and the rolling colour effect.

The last of the banknotes to be given a refresh – the $100 note – is due for release in 2020.

SPONSORED CONTENT

 

This email address is being protected from spambots. You need JavaScript enabled to view it.

New $20 note set to enter circulation
mybusiness logo
Adam Zuchetti
Adam Zuchetti

Adam Zuchetti is the editor of My Business, and has steered the publication’s editorial direction since early 2016. 

The two-time Publish Awards finalist has an extensive journalistic career across business, property and finance, including a four-year stint in the UK. Email Adam at [email protected]

Leave a Comment

Latest poll

Did you expect more from the government's JobKeeper extension?