NEWS

This Is Australia's New $10 Note

Will it attract the same criticism as the new $5 note?

17/02/2017 10:42 AM AEDT | Updated 17/02/2017 5:13 PM AEDT

Australia is getting a brand new $10 note, keeping the classic blue and famous faces of the current design but with some new security features and the addition of a cockatoo and wattle.

The new note was revealed by the Reserve Bank on Friday. Similar to the new $5 note unveiled last year, innovative new security features, such as the top-to-bottom clear window, have been incorporated into the new note in a bid to prevent counterfeiting. The new notes are expected to be issued into circulation in September.

"The $10 banknote celebrates two famous Australian writers, Dame Mary Gilmore and AB 'Banjo' Paterson," RBA Governor Philip Lowe said.

"Their work is recognised in several design elements on the banknote, including images of a pen nib in two of the clear window and excerpts of their poetry in microprint."

RBA

The native Bramble Wattle and Sulphur-crested Cockatoo will also make an appearance on the new note.

The RBA said it was aware of incidents last year involving the new $5 note being rejected from vending machines and gambling terminals, and was working to minimise disruptions with the new note.

"The Bank has been working closely with various parties in recent years to ensure that the new banknotes can be used in a broad range of typical day-to-day transactions across the country, including in machines that take or dispense banknotes," Lowe said.

"Although the new $10 banknotes will be issued in September, it may take some time for them to be widely circulated. The existing series of banknotes can continue to be used as all previously issued banknotes remain legal tender."

So, if you get a new $10 in your pocket, just hold off on using it in machines for a little while.



ALSO ON HUFFPOST AUSTRALIA

More On This Topic

Advertisement
Advertisement