New banknote enters general circulation

New banknote enters general circulation

Australian businesses will soon find themselves handling a brand-new note after the new $10 note entered circulation this week.

The new design, while still in its rich blue colour, features Banjo Paterson and Dame Mary Gilmore, as well as inclusions of a number of iconic Australian figures, settings and wildlife.

“The launch of the new $10 banknote is a milestone in our program to deliver Australians banknotes at the cutting edge in terms of security against counterfeiting,” said Reserve Bank governor Philip Lowe.

“It continues the tradition of celebrating two of Australia’s most prominent writers.”

New security measures include the full-length window with interactive images, fluorescent ink, rolling colour effects and raised printing, while a tactile feature has been included to assist people with impaired vision.

It follows the introduction of the new $5 banknote which entered circulation in the same month last year.

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The next new note to enter public circulation will be the $50 note due for release at the end of next year. The $20 and $100 notes will be rolled out in subsequent years.

The existing set of notes will be progressively withdrawn from circulation, but will not lose their status as legal tender.

New banknote enters general circulation
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