Monday, April 11, 2016

Australia unveiled the design of the 5 dollar polymer note of the new series

 

The Reserve Bank has unveiled the design of Australia's new $5 polymer banknote. The new note, which will be issued into circulation from September, will keep the same basic color, size, and people portrayed as the old fiver, but the design is a bit different.

When the series is complete, each New Australian banknote will depict a different species of Australian wattle and a native bird, RBA Governor Glenn Stevens announced today.

"On the $5 banknote, these are the prickly Moses wattle and Eastern Spinebill," he said in a statement.

Those are the yellow caterpillar looking things and the little bird, drawn in the middle of the note next to the slightly aged and more surly-looking queen.

The design took in research involving focus groups, and a "culmination of a process of extensive consultation with subject-matter experts and the cash-handling industry", the RBA said.

The release of the $5 notes will be followed by updated designs for each of the higher denominations.

The introduction of the new notes marks the 50th anniversary year of Australia’s conversion to the decimal currency system.

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