The Reserve Bank of Australia has unveiled the new design for its $5 banknote on Tuesday with an announcement it would enter circulation in 1 September 2016.
The images show the basic design artwork of each side of the banknote. As previously announced, key aspects of the existing design – colour, size and people portrayed – are retained for ease of recognition and to minimise the disruption to businesses. There is a new ‘tactile’ feature to help the vision-impaired community distinguish between different denominations of banknotes.
The Governor, Glenn Stevens, said:
‘Innovative new security features have been incorporated to help keep Australia’s banknotes secure from counterfeiting into the future. 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. On the $5 banknote, these are the Prickly Moses wattle and the Eastern Spinebill.’
The designs are the culmination of a process of extensive consultation with subject-matter experts and the cash-handling industry, as well as qualitative research involving focus groups. Images of the design artwork for the new $5 banknote have been revealed today to facilitate preparations for the smooth introduction of the new banknotes. Information on the new design and security features (which will be common to all banknotes in the new series) and how they work will be part of a public awareness campaign over coming months. The objective of this campaign will be to ensure that members of the public are able to identify and use the range of new security features on the new $5 banknotes when they start to receive them.
Issuance of the new $5 banknote will commence on 1 September, although it will take some time for the new banknotes to be widely circulated. The current series of banknotes can continue to be used even after the new banknotes are issued.
Design of the new banknote has been getting a bad reviews on social media.
The public reply and compare the new design with the current banknote especially the potrait of Queen Elizabeth II that look totally different.
Design for the new #$5note has been revealed. Can't help noticing though, has Her Majesty had some work done? pic.twitter.com/EGON24tTN6— Lisa Wilkinson (@Lisa_Wilkinson) April 12, 2016
Words such as "vomit," "disgusting" and "atrocity" are given to show how bad the design to their eyes.
@RBAInfo What have you done😬 They are horrendous! Actually the most disgusting design in world mintage history. Truly appalling— johncitizen (@Tcorp_) April 12, 2016
@RBAInfo That new $5 note design is hideous & awful.— John Bishop (@Crow26Darkness) April 12, 2016
After the tweet from Reserve Bank of Australia, people in social media reply with their own design of the Australia new $5 banknote:
@RBAInfo I fixed your note. You're welcome. pic.twitter.com/uIFQZs0EIu— Trude Paladin (@trude_red) April 12, 2016
Fivers are now 'clivers': New five dollar note to feature Clive Palmer— Ron Erdos (@RonErdos) April 12, 2016
Worth more than a (QLD) nickel? pic.twitter.com/do3tzkOV2A
ICYMI: Here's our new $5 note. The Queen is much better looking on this one. #Crisis pic.twitter.com/FMMmvDTai4— Booze Hound (@Booze__Hound) April 12, 2016
