Australia’s new $5 banknote enters circulation

Australia’s new $5 banknote has now been in circulation for almost a week. The $5 banknote was introduced on Thursday last week and is the first in a new series, with other denominations to be upgraded over coming years.

The Governor, Glenn Stevens, said: “The new $5 banknote has a range of security features that have not previously been used on an Australian banknote and that will help to keep our banknotes secure against counterfeiting into the future. New features include a world first clear top to bottom window and a number of dynamic features that change as the banknote is tilted.”

“The new banknotes are the culmination of many years of research and trial and extensive consultation with subject matter experts and the cash handling industry, as well as qualitative research involving focus groups,” Mr Stevens said.

Read more here.

This story first appeared in C&I Week.

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