New Australian banknotes draw criticism upon release

Yesterday, the Reserve Bank of Australia (RBA) unveiled the design for its new $5 banknote, which immediately drew mixed reactions on social media.

Between the assertive petitioning of Sydney Morning Herald columnist Dominic Knight and the harsh words from economist and former budget advisor Jason Murphy, Australians are sharing their thoughts on the new design.

The new note, which will enter circulation Sept. 1, keeps the key aspects of the existing series – things like colour, size and people portrayed – but includes a new “tactile” feature to help those with impaired vision distinguish between different denominations.

“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,” said Glenn Stevens, bank governor. “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.”


Representatives from the bank added 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.”

Despite the extensive research – alas, even with the most extensive research – you can’t make everyone happy.

Leave a Reply

Canadian Coin News


Canadian Coin News is Canada's premier source of information about coins, notes and medals.

Although we cover the entire world of numismatics, the majority of our readers are Canadian, and we concentrate on the unique circumstances surrounding collecting in our native land.

Send Us Your Event

Running an event? Send it to us and we will display it on Canadian Coin News!

Submit Event →

Subscribe To 26 Issues For Just $59.99/year

Subscribe today to receive Canada's premier coin publication. Canadian Coin News is available in both paper and digital forms.

Subscribe Now

We acknowledge the financial support of the Government of Canada through the Canada Periodical Fund of the Department of Canadian Heritage.