THE Reserve Bank of Australia has unveiled the design of the new $5 banknote, which includes new security features to prevent counterfeiting.
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New Zealand on Monday unveiled the designs of its NZ$20, NZ$50 and NZ$100 notes, which include increased security measures such as a holographic window, a color-changing bird, puzzle number and raised ink.
The Prickly Moses wattle (the yellow leaf-like stalks) and the Eastern Spinebill (the colourful bird) are featured on both sides of the bill.
The bank notes are the first to feature a new “tactile” element that will help vision-impaired people tell the difference between notes.
Future bank note updates will follow the same design principle, with each strip featuring a different species of Australian fauna and flora.
What do you guys think about the new $5 note design?
The banknote will also have a “tactile” feature to assist the vision-impaired distinguish between the notes.
“Issuance of the new $5 banknote will commence on 1 September, although it will take some time for the new banknotes to be widely circulated”.
“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”.
Not everyone is loving the design, though.
“Slater bugs all over the new $5 note!” associate editor for The Australian newspaper, Caroline Overington, wrote on Twitter.
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The RBA said it kept the basic colour scheme to allow for easy recognition, which also means the new fiver can hang onto some of its nicknames, including the “galah”, “fair floss” and the “Pink Lady apple”.
