Se­cu­rity fea­tures cen­tral to new $5 note

Pilbara News - - News - Shane Wright

The wal­lets of Aus­tralians will soon be filled with flap­ping birds, mov­ing domes and a dose of prickly wat­tle.

The Re­serve Bank last week started the re­lease of the new $5 note, with 170 mil­lion to even­tu­ally fan out across the coun­try, up­dat­ing the cur­rency while mak­ing it safer from coun­ter­feit­ers.

Com­mer­cial banks will re­turn the old $5 notes, which have been in cir­cu­la­tion in their cur­rent form since the early 1990s.

The new bills con­tain a string of se­cu­rity and artis­tic mea­sures that will separate them from their pre­de­ces­sors.

Most strik­ing will be “bumps” on parts of the bill to make them more eas­ily recog­nis­able by the vis­ually im­paired. In­stead of the cur­rent sin­gle win­dow, which sits to the right of the im­age of Queen El­iz­a­beth, the new bill has three win­dows in­clud­ing one that runs from the top to the bot­tom.

The $5 note in­cludes an im­age of the Eastern spinebill, the prickly Moses wat­tle, a 3-D Fed­er­a­tion star, and the Fed­er­a­tion pav­il­ion.

You will be able to move the note and see the spinebill flap its wings, while the pav­il­ion will also seem to spin.

Re­serve Bank gover­nor Glenn Stevens said the var­i­ous mea­sures on the bill would make them safer.

“The new $5 ban­knote has a range of se­cu­rity fea­tures that have not pre­vi­ously been used on an Aus­tralian ban­knote,” he said.

“And that will help to keep our ban­knotes se­cure against coun­ter­feit­ing into the fu­ture.”

Peo­ple should not ex­pect to see the new notes straight away as they are grad­u­ally spread across the coun­try via banks and re­tail­ers.

Old $5 notes, which usu­ally sur­vive be­tween five and seven years, will con­tinue to be le­gal ten­der.

Even to­day, the Re­serve re­ceives old pa­per one and two dol­lar notes which, de­spite their de­pre­ci­a­tion in real value over the past 30 years, are still worth ac­tual cash.

All of the new bills will also fea­ture the sig­na­ture of Mr Stevens, whose term fin­ishes later this month.

A new $10 note is set to be in­tro­duced next year, with $20, $50 and $100 notes to fol­low.

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