New $5 note design gets lukewarm response
THE Reserve Bank of Australia has unveiled its new $5 note featuring new security features to protect it from counterfeiting.
The new design, which features the prickly Moses wattle and the eastern spinebill bird, has received a mixed response on social media, with some people commenting that the wattle flowers looked more akin to bacteria cells.
Key aspects of the design have been retained, such as colour, size and the people portrayed on it, for ease of recognition and to minimise disruption to businesses.
The note includes a new "tactile" feature to help the vision-impaired community tell the difference between different denominations.
"Innovative new security features have been incorporated to help keep Australia's banknotes secure from counterfeiting into the future," RBA Governor Glenn Stevens said.
"As can be seen in the images, these include a distinctive top-to-bottom window.
"Each banknote in the new series will depict a different species of Australian wattle and a native bird within a number of the elements."
The new banknotes will be issued on September 1, but it will take some time for them to be widely circulated.
Existing $5 notes will still be acceptable tender even after the new designs have been issued.
- ARM NEWSDESK