THE countdown has begun for Australia’s flashy new $10 note, which is set to come into circulation on September 20.
The new banknote features two iconic Australian writers, Dame Mary Gilmore and AB ‘Banjo’ Paterson, and has similar features to the updated $5 note released last year.
The new note will have a rolling colour effect when it is tilted, multiple security features in the clear top-to-bottom strip and changing colours on the crest of the cockatoo.
“The new notes contain the same world-leading security benefits as the $5 note, including a clear top-to-bottom window, and a tactile feature so that it can be recognised by vision-impaired members of the community,” Reserve Bank of Australia governor Philip Lowe said last month.
Currency enthusiasts looking to secure a brand new note are advised to visit the RBA’s office in Martin Place on September 20 to buy one fresh from the mint.
The RBA says it has been working with cash handlers, businesses and machine manufacturers to ensure the new banknote will be recognised by cash scanning machines from September 20.
Last year the new $5 note caused headaches for consumers when it was rejected by Opal card machines, Kmart self-service check-outs and vending machines across the country.
According to the RBA, the new $10 note will have a rolling colour effect when the note is tilted, multiple security features in the clear top-to-bottom strip, clearly defined multicoloured fine-line patterns on either side of the note, a three dimension pen nib in the top right of the note, changing colours on the crest of the cockatoo, serial numbers viewable under UV lights, and small parts of text in multiple locations on the banknote that includes excerpts from ‘The Man from Snowy River’.