Security features central to new $5 note
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.