Economy

New $10 banknote now in circulation

New $10 banknote now in circulation”

Governor Philip Lowe said the new $10 banknote contained the 'same world-leading security features as the new $5 note'.

THE new Australian $10 note enters general circulation today.

While it has a more modern design which makes counterfeiting the currency more hard, the new note has retained key aspects of the old note, including colour, size, and the people it portrays -writers Dame Mary Gilmore and Banjo Paterson - in order to make it easy to recognise and minimise disruption to businesses.

Remember when the new plastic $5 notes came into circulation a year ago and were immediately rejected by most vending machines which, it would appear, weren't future-proof?

The design of the new $10 banknote retains the images of Dame Mary Gilmore and AB "Banjo" Paterson and includes elements of their works - in microtext!

As for businesses with vending machines that reject the notes, well, it's basically a case of keep up or risk annoying staff at venues who will have to exchange the notes several times a day. These include the top-to-bottom window that contains multiple interactive elements, a patch with a rolling colour effect, fluorescent ink and raised printing.

It also has a tactile feature which has been added to assist the vision impaired.

Late next year a fresh $50 banknote is expected to enter circulation, with the remaining currencies to following in subsequent years. While the existing series of banknotes will be progressively withdrawn from circulation, they will retain their legal tender status and can continue to be used.



Like this

Latest


20 September 2017
Catalent to buy Cook Pharmica for $950 mln
Cook Pharmica, a unit of medical device maker Cook Group Inc, generated $179 million in revenue for its year ended June 30. The sale is subject to "customary closing conditions", and is expected to be complete in the fourth quarter of 2017.

20 September 2017
Steam Reviews Now Have Histograms To Prevent Review Bombing
It's important to note that review bombing sometimes has to do with a genuine frustration with a new change to the game too. The histogram feature has been added to all games' pages as of today.

20 September 2017
Refugees to receive decisions from the US
A PNG court ruled a year ago that holding people on Manus was unconstitutional, and Canberra is set to shut the camp in October. They are instead relocated to third countries, or resettled elsewhere in PNG.

20 September 2017
Predators name defenceman Josi captain
Josi, who has lead all Predators defensemen in points in each of the last three campaigns, is just as productive off the ice. The new captain thanked both Poile and Laviolette for the opportunity and his general manager for comparing him to Federer.

20 September 2017
Sessions to speak about immigration
Though Sessions asked Portland's leaders to change their sanctuary policies, he was not scheduled to meet with any of them. US attorney general to meet with federal law enforcement officials and Portland police on Tuesday.

20 September 2017
Eden Hazard Makes Shock Claim About Conte & Mourinho Chelsea Training Ground Methods
Young duo might also play Conte also indicated that Kenedy and Charly Musonda could also feature in the game at Stamford Bridge. Kenedy has not played since being sent home from Chelsea's pre-season tour of China following offensive social media posts.

20 September 2017
Toys "R" Us files for bankruptcy protection in Canada
Meanwhile, children are increasingly gravitating towards digital toys rather than physical trinkets, he added. While toy sales overall have held up fairly well, they are shifting toward discounters and online companies.

20 September 2017
FedEx Corporation (FDX) Shares Sold by Bank of Montreal Can
The firm owned 176,512 shares of the shipping service provider's stock after buying an additional 18,797 shares during the period. The company announced last month that it would not be charging customers an extra holiday shipping fee like it did a year ago .

20 September 2017
Hurricane Maria: storm strengthens as it heads towards battered Caribbean
Potentially unsafe swells associated with Jose are already affecting Bermuda, the Bahamas and much of the east coast of the U.S. The storm has become a Tropical Depression and will fall apart even more so over the next few days.

20 September 2017
Max Kennedy resolves case stemming from loud party, fireworks
Matthew "Max" Kennedy, was dismissed of criminal charges and served a $150 fine after his arrest in August . Kennedy reportedly responded to police by "screaming incoherently and throwing himself at the wall".



Recommended