$5 New Generation Polymer Banknotes

The $5 New Generation Polymer Banknotes are printed on polymer, a type of plastic. They also retain key aspects of the previous Note series—the people portrayed, colour palette, the Note size and denomination—but incorporate entirely new security features and designs.

Queen Elizabeth II
Queen Elizabeth II was born in London on21st of April 1926. When her father died in 1952, Elizabeth became Head of the Commonwealth and queen regnant of seven independent Commonwealth countries.

Parliament House and old Parliament House
Parliament House was designed by Mitchell/Giurgola Architects and opened on 9 May 1988.At the time of the construction, it was the most expensive building in the world at more than A$1.1 billion. Federal Parliament meetings were first held in Melbourne until 1927. Prior to 1988, the Parliament of Australia met in the Provisional Parliament House, which is now known as Old Parliament House.

Check out The $5 New Generation Polymer Banknotes security features here at the Reserve Bank of Australia website.

UPGRADING AUSTRALIA’S BANKNOTES

A core function of the Reserve Bank is to maintain public confidence in Australia’s banknotes. Australia has one of the safest and most secure currencies in the world and has experienced relatively low levels of counterfeiting for many years. To ensure that this continues to be the case, the Reserve Bank researches anti-counterfeit technologies and developments in banknote design.The results of this work have culminated in a project to upgrade the security of Australia’s banknotes.

The first denomination in the new series, the $5 banknote, was issued on 1 September 2016. The $10 banknote is expected to be issued in late 2017, followed by the $50 then the remaining denominations in subsequent years.

Considerable work has already been undertaken on this project, including the development and review of banknote designs and production trials of new security features. It is important that the new features are durable, effectively incorporated into the banknote designs and rigorously tested. One aspect of this process is that the Reserve Bank has consulted extensively with key users of banknotes, including banknote equipment manufacturers, retail organisations, financial institutions and the vision-impaired community. Advice has also been sought through a number of channels during the development process, including a Design Advisory Panel, subject-matter experts and focus groups comprising members of the public. These ongoing consultations provide an opportunity to ensure that the new banknotes meet the needs of the community.

UPGRADING AUSTRALIA’S BANKNOTES Information from  Reserve Bank of Australia