Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Reserve Bank launches new $5 and $10 banknotes


Click for big version.

From RBNZ releases Brighter Money designs (November 2014))

1 September 2015

Reserve Bank launches new $5 and $10 banknotes

Prime Minister John Key along with the Reserve Bank today launched the first two denominations in a series of new banknotes that include new security features.

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015.

Governor Graeme Wheeler said that while the banknotes are technologically sophisticated and difficult to counterfeit, they are also aesthetically pleasing.

“The polymer notes are striking in their design and innovative in their security with the transparent holographic window and colour-changing bird a world first.” said Mr Wheeler.

The new banknotes will be the same sizes and denominations as the current banknotes, and they will continue to be made of flexible polymer. While the banknotes are brighter, bolder, and clearer, the themes of the notes remain the same, with the same respected New Zealanders, the Queen and flora and fauna remaining central to the designs.

Mr Wheeler said all five denominations in the new banknotes carry the same security features that will help New Zealanders verify them with ease, and help to ensure that counterfeiting levels in New Zealand remain very low.

From mid-October the Reserve Bank will issue only the new $5 and $10 banknotes. The public may not see a new note for some time because the $5, and in many cases $10 notes, are not dispensed from ATMs.

The new banknotes, which will be called Series 7, will co-circulate with the current Series 6 notes. Both sets of banknotes will be legal tender.

The remaining $20, $50, and $100 banknotes in the new series will be released from April 2016.

Security features of the new banknotes include:

the holographic window Inside the large clear window is a hologram featuring a fern and a map of New Zealand. It also contains the same bird featured on the left-hand side of the note. There is also an embossed print denomination below the hologram.

the colour-changing bird – the colour changes when the note is tilted with a rolling bar going diagonally across the bird. On the reverse of the note, in the same spot, there is a similar effect in the fern window.

the puzzle number –when held up to the light, the notes show coloured irregular shapes on the front and the back, which combine like puzzle pieces to show the note’s denomination.

the raised ink – the raised ink denominations can be felt on the front and back, as can the raised print in the words “Reserve Bank of New Zealand Te Pūtea Matua” and “New Zealand Aotearoa”.

Take the banknote for a spin at our interactive website www.brightermoney.co.nz


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

NZTA: Major New Zealand Upgrade Programme Projects Go To Tender

Two major New Zealand Upgrade Programme projects are beginning tenders for construction. The New Zealand Upgrade Programme is a $6.8 billion investment to get our cities moving, to save lives and boost productivity in growth areas. The first Auckland ... More>>

Reserve Bank: RBNZ Seeks To Preserve Benefits Of Cash

The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More>>

ALSO:

Economy: Double-Dip Recession Next Year, But Housing Rolls On

New Zealand's economy is expected to slip back into recession early next year as delayed job losses, falling consumer spending, and the absence of international tourists bites into growth. More>>

ALSO:

Microsoft New Zealand: Microsoft Expands “Highway To A Hundred Unicorns” Initiative To Support Startups In Asia Pacific

New Zealand, 14 October 2020 – Today Microsoft for Startups launches the Highway to a Hundred Unicorns initiative in Asia Pacific to strengthen the region’s startup ecosystem. This follows the initiative’s success in India, where 56 startups were ... More>>

Fonterra: Farmers Taking Another Step Towards New Zealand’s Low Emissions Food Production

They’re hot off the press and intended to help take the heat out of climate change. Fonterra farmers are already among the world’s most sustainable producers of milk and now have an additional tool in their sustainability toolbox. Over the last few ... More>>

ALSO:

Electricity: New Zealand Remains In Top 10 For Energy Balance

The World Energy Council’s Energy Trilemma Index has become part of the energy dialogue both globally and in New Zealand. The Index illustrates the need for countries to balance energy security, energy equity and environmental sustainability. New Zealand ... More>>

ALSO:


Courts: Businessman Eric Watson Sentenced To A Four-Month Jail Term

New Zealand businessman Eric Watson has been sentenced to a four-month jail term in the UK for contempt of court, TVNZ reports. More>>

OECD: Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons ... More>>

Spark: Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities

Spark turned on 5G in downtown Auckland today and has partnered with Auckland Transport (AT) to showcase some of the latest in IoT (Internet of Things) technology and demonstrate what the future could look like for Auckland’s CBD with the power of 5G. 5G is ... More>>

Stats NZ: Monthly Migration Remains Low

Since the border closed in late-March 2020, net migration has averaged about 300 a month, Stats NZ said today. In the five months from April to August 2020, overall net migration was provisionally estimated at 1,700. This was made up of a net gain ... More>>

University of Canterbury: Proglacial Lakes Are Accelerating Glacier Ice Loss

Lake Tasman, New Zealand | 2016 | Photo: Dr Jenna Sutherland Meltwater lakes that form at glacier margins cause ice to recede much further and faster compared to glaciers that terminate on land, according to a new study. But the effects of these glacial ... More>>

ALSO:

Dairy: Fonterra Sells China Farms

Fonterra has agreed to sell its China farms for a total of $555 million (RMB 2.5 billion*1), after successfully developing the farms alongside local partners. Inner Mongolia Natural Dairy Co., Ltd, a subsidiary of China Youran Dairy Group Limited ... More>>

ALSO: