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 the blind, 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:
And here's a look at the new Australian $5 note that's currently in circulation: