381)
New Series/Generation of Australian Banknotes being introduced from September 2016
onwards in a phased manner, beginning with Australian $5 released on
01.09.2016:
Common
Features of the new Series/Generation of Australian Banknotes:
The Reserve Bank of
Australia (RBA) has always striven to print one of the most secure currencies
in the World and has encountered relatively few very instances of
counterfeiting of its Banknotes.
Banknote
upgrades: Under its anti-counterfeiting strategies
and to upgrade the security features of its Banknotes on an on-going basis, the
RBA is once again bringing out a new Series/Generation of Banknotes, the first
of which is in the denomination of $5 which has been released into circulation
on 01.09.2016 and the next denomination in the Series is scheduled to be
released in 2017 and so on.
Some interesting
features of this Series of Banknotes are:
a)
All
denominations of Banknotes in this Series will incorporate the same security
features.
b)
In addition, they will each feature a
different species of Australian wattle and a native bird within a number of
distinctive elements.
c)
Each
denomination of Banknotes in the next Series/generation of Banknotes will
feature a different Australian bird.
d)
The
portrait of Queen Elizabeth II already figuring on circulating Banknote has
been retained.
e) The new features include the World’s
first clear top-to-bottom window and a number of dynamic features that change
when the Banknotes are tilted.
f) Some key design aspects of the
existing Series of Banknotes – colour, size and personalities portrayed on each
denomination have been maintained, to assist users to recognise the new Banknotes
easily as and when they are introduced into circulation.
g)
The
next generation of Banknotes also includes an embossed “tactile” feature in
their design, to assist the visually challenged/visually impaired users to
distinguish between different Banknote denominations. This is the first time a “tactile” feature has been introduced on an
Australian Banknote.
h) The existing Australian Banknote
features that were designed to assist people with impaired vision have been
retained as part of the next generation Banknote design. These include – bright
colours, large and contrasting numbers and variable sizes for each denomination
of Banknote.
i)
The
lay-out of the elements featured in the top-to-bottom window will be consistent
across each denomination in the new Series of Banknotes. These elements are
aligned to the specific wattle, bird and portraits represented on each
Banknote.
j)
Some
of the other security features include: the Federation Star, Rolling Colour
Effect, Intaglio Printing, Micro-Print etc.
k) The Banknotes are being printed by
Note Printing Australia.
The
new Generation $5 Banknote introduced on 01.09.2016:
The new Generation $5
Australian Banknotes have been released into circulation on 01.09.2016. This
Banknote is the first in a new Series, under which
all other denominations will also be upgraded over the coming years, and the fourth polymer $5 Banknote issued since
1992.
The Front of the new Generation Australian $5 Banknote
The Front of the new Generation Australian $5 Banknote
On the Front of the new $5 Banknote, the portrait
of Queen Elizabeth II has been retained, which is drawn from the same
source photograph represented on the first polymer $5 Banknote.
The Back of the new Generation Australian $5 Banknote
The Back of the new Generation Australian $5 Banknote
On the Back of the new $5 Banknote, the Banknote
depicts New Parliament House and the
Forecourt Mosaic, which is based on a Central Desert dot-style painting
by Michael Nelson Jagamara titled “Possum and Wallaby Dreaming” and a schematic plan of the New Parliament
House. This was based on the design Development Landscape Plan DLP),
which was provided by the Parliament House Construction Authority.
The
new $5 Banknote depicts the Prickly
Moses Wattle and the Eastern Spinebill.
The Eastern Spinebill (Acanthorhynchus
tenuirostris) is found in forests and ranges of Eastern Queensland, New
South Wales, Victoria, South Australia and Tasmania.
The
new $5 Banknote has a range of security features that have not been previously
used on Australian Banknotes, which will further make it more difficult for
counterfeiters in future:
- The
Window: is seamlessly
integrated into the Banknote. There are multiple security features contained
within the large top-to-bottom window, which is bordered by depictions of the
Prickly Moses wattle (Acacia verticillata
subsp. Ovoidea). The building
depicted in the top-to-bottom window is the Federation Pavilion, which was the site of the official
ceremony that marked the proclamation of the Commonwealth of Australia. When the Banknote is tilted diagonally,
the different poses of the Eastern Spinebill Bird in the top-to-bottom window
are progressively highlighted, making it look as if the bird is flying.
The $5 Australian Banknote is the
first Banknote in the World to feature a window that spans from the top to the
bottom of the Banknote.
Interestingly,
Australian Banknotes start as a clear sheet of plastic onto which several
layers of ink are applied. The windows are created by leaving sections of
plastic free from ink.
- Tactile Feature: The tactile feature
on the $5 Banknote is in the raised bump on each of the long edges of the
Banknote next to the top-to-bottom window.
All
denominations will have different number of bumps to facilitate easy
identification. Interestingly, the tactile feature is not in Braille and is
also not a security feature.
- Rolling Colour Effect: When the Banknote
is tilted, the colour of the ink changes and a rolling colour effect can be
seen. On one side of the Banknote, this feature is within a bird shape and on
the other it is within a prominent patch.
The Rolling Colour effect is visible
from both sides, as it is printed over a window in the shape of the head and
breast of the Eastern Spinebill. When the Banknote is
held up to the light, a shadow image of the rest of the bird’s body and legs
can be seen.
Images
of the Prickly Moses wattle (Acacia
verticillata subsp. Ovoidea) are incorporated into the design of the
patch.
- The Federation Star:
The Federation Star window is seamlessly integrated into the Banknote. The Federation
star is embossed and has a light and dark effect.
The
Federation Star is set within a circular window, which has a representation of
a Prickly Moses wattle bud (Acacia
verticillata subsp. Ovoidea) at
the edge.
It
is produced during the intaglio printing process. The design is engraved into
the metal plate but ink is not applied to that area.
The
seven pointed star represents the six states and combined territories which
constitute the Australian nation – the Commonwealth of Australia.
The
Federation Star can also be seen on the Australian flag and the Commonwealth
Coat of Arms.
- Intaglio:
Intaglio printing gives the Banknote a distinctive texture. The slightly raised
print can be felt by running a finger across the portraits and numerals.
Intaglio printing has long been used
on Australian Banknotes, including on the first Australian 10 shilling Banknote
which was printed in 1913.
Intaglio
printing is applied under high pressure using an engraved metal printing plate.
The Intaglio plates used to be hand-engraved, however, now they are grown using
a chemical bath and computer technology.
- Micro-Print:
Micro-print is tiny, clearly defined text that is found in multiple locations
on the Banknote. This includes excerpts from the Australian Constitution in the
branch in the top-to-bottom window and in front of and in the wall of the
Parliament House. “FIVE DOLLARS” is also micro-printed in the coloured
background.
The
“Commonwealth of Australia Constitution Act 1900” provides authority for the
powers by which Australian laws are made and acted upon.
- The
micro-print can be produced by using a range of printing methods, including
intaglio and offset.
There are three variations
of the $5 Banknote:
a) On
the Front, the first $5 Banknote issued in 1992 shows Queen
Elizabeth II and on the Back it
depicts the Parliament House in
Canberra, the National Capital and the old Parliament House. The transparent
watermark window has an image of a “Gum
Flower”. The colour of this Banknote is pale mauve and its size is 130 mm x
65 mm.
b) On
the Front, the second $5 Banknote issued in 1995 shows Queen
Elizabeth II and on the Back it
depicts the Parliament House in
Canberra, the National Capital and the old Parliament House. The transparent
watermark window has an image of a “Gum
Flower”. The colour of this Banknote is violet pink and its size is, also, 130
mm x 65 mm.
c) On
the Front the third $5 Banknote issued in 2001 as a special
commemorative note for that year, shows a picture of Sir Henry Parkes and on the Back
it has a picture of Catherine Helen
Spence. The transparent watermark window is leaf-shaped. The colour of this Banknote is violet pink and its
size is, also, 130 mm x 65 mm.
In
2002, the designs of all Banknotes of this series were changed to include the
names of the persons pictured on them, mentioned below their portraits. Withdrawal
of existing Banknotes – a gradual process:
The existing $5 Banknotes
will be progressively withdrawn from circulation but can be continued to be
used as before and all previously issued Banknotes will remain legal tender.
There are presently 170 million $5 Banknotes in circulation at present.
Over the next 12 years, it
is estimated that over $37 million will be spent for research, development and
upgrade of all the denominations of Australian Banknotes.
The current $10 Banknote
will be upgraded with new security features in about a year’s time.
Links to Posts on Australia, New Zealand and countries and Overseas Territories of the South Pacific on this blog:
1) Bank of Papua New Guinea: 36th Anniversary Celebrations (1973-2008): A Commemorative Uncirulated Coin Set consisting of a 2 Kina Banknote & a 2 Kina Coin
2) Papua New Guinea: An uncirculated coin set brought out in 1995 commemorating the 20th Anniversary of Independence
3) Currency & Coinage of the Soloman Islands: Dollars and Cents
4) New Zealand: New Banknote "Seventh Series" issued under Project "Brighter Money" from 2015 onwards
5) Coinage of the French Polynesian Island of Caledonia (or Nouvelle Caledonie) the CFP Franc
6) French Institution for issuing uniform currency/coinage for French Overseas Territories in the Pacific and the French Southern Territories of Antarctica: The Institut d'emmission d'outre Mer (IEOM)
7) Currency & Coinage of Samoa: Tala and Sene
8) Currency of the South Pacific Island Country of Fiji
9) Coinage of New Zealand: A commemorative coin set issued in 1979
10) Currency and Coinage of Australia: Dollars and Cents
11) The Australian Emblem or the Coat of Arms
12) The story of the Australian Penny
13) The Legend of the Mutiny on the Bounty: A Commemorative Coin Set from the Pitcairn Islands depicting relics from the Bounty issued in 2009
14) An Australian $5 coin issued in 1996, commemorating Australia's greatest cricketing legend - Sir Donald Bradman
15) New Series/Generation of Australian Banknotes being introduced from 01.09.2016 onwards starting from $5 issues
Links to Posts on Australia, New Zealand and countries and Overseas Territories of the South Pacific on this blog:
1) Bank of Papua New Guinea: 36th Anniversary Celebrations (1973-2008): A Commemorative Uncirulated Coin Set consisting of a 2 Kina Banknote & a 2 Kina Coin
2) Papua New Guinea: An uncirculated coin set brought out in 1995 commemorating the 20th Anniversary of Independence
3) Currency & Coinage of the Soloman Islands: Dollars and Cents
4) New Zealand: New Banknote "Seventh Series" issued under Project "Brighter Money" from 2015 onwards
5) Coinage of the French Polynesian Island of Caledonia (or Nouvelle Caledonie) the CFP Franc
6) French Institution for issuing uniform currency/coinage for French Overseas Territories in the Pacific and the French Southern Territories of Antarctica: The Institut d'emmission d'outre Mer (IEOM)
7) Currency & Coinage of Samoa: Tala and Sene
8) Currency of the South Pacific Island Country of Fiji
9) Coinage of New Zealand: A commemorative coin set issued in 1979
10) Currency and Coinage of Australia: Dollars and Cents
11) The Australian Emblem or the Coat of Arms
12) The story of the Australian Penny
13) The Legend of the Mutiny on the Bounty: A Commemorative Coin Set from the Pitcairn Islands depicting relics from the Bounty issued in 2009
14) An Australian $5 coin issued in 1996, commemorating Australia's greatest cricketing legend - Sir Donald Bradman
15) New Series/Generation of Australian Banknotes being introduced from 01.09.2016 onwards starting from $5 issues