The new Australian $10 note is coming
Will they keep printing Banjo Paterson's entire poem in micro-text?
Following the successful release of the new $5 note earlier this month, the Reserve Bank of Australia (RBA) plans to design and circulate more new banknotes from next year.
In his speech to the House of Reps standing committee on economics, RBA governor Philip Lowe revealed Australia would be getting a new $10 banknote next year.
Here's what Lowe had to say:
We anticipate releasing a new $10 banknote next year and then the banknote in highest circulation – the $50 – after that.
Lowe said that while the current banknotes have stood the test of time, the advent of technology has raised the likelihood of currency counterfeiting.
The new $5 note incorporates innovative new security features, such as a top-to-bottom window.
The crisp, new note can also be read by people with blindness, with two raised dots indicating a denominational value. The RBA plans to issue all new bank notes with similar tactile markings to assist the vision-impaired.
Before we get our new high-tech $10 note, here some interesting facts about the current design:
- Banjo Paterson appears on one side, with illustrations of his classic "The Man from Snowy River".
- The full text of the poem is printed in micro-text as one of the note's security devices.
- Women's rights campaigner and outback poet Dame Mary Gilmore appears on the other side.
- An excerpt from her poem "No Foe Shall Gather Our Harvest" appears and features in micro-print.
- The "Waltzing Matilda" logo was reproduced from the 1903 cover of the sheet music for the song.
And here's a look at the new Australian $5 note that's currently in circulation:
Bank notes are less common then they used to be, card payments are increasing, smartphone tap and pay is here and cash seems to be on the way out. Would Australia benefit from a cashless world?
Picture: Shutterstock
When do you expect the new $10 to be printed?
Thank you,
Bob.
Hi Bob,
Thank you for your enquiry,
There’s no information yet on the exact release date of the new $10 banknote but it is expected to be released next year.
Cheers,
Jason