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Creative Cash at the Reserve Bank of New Zealan

Creative Cash at the Reserve Bank of New Zealand – May 8th, 2013

The Reserve Bank of New Zealand took a look at a different kind of money on Friday when Brian Hayr, Head of Currency Property and Security, judged the Design a New Five Dollar Note competition for the Lions Clubs project Heads Up for Kids.

The project which collects all old New Zealand coins and banknotes and all foreign exchange for the benefit of Kiwi kids ran a design competition open to primary schools across the country as part of the Heads Up for Kids National Awareness Week.

Over 120 designs were submitted and 16 where chosen as finalists for Mr Hayr and Wellington Lion Roy Peterson to select a winner.

Mr Hayr said it was a tough decision as all designs displayed great creativity, vibrancy and good use of New Zealand motifs and icons.

“They would all be very difficult to counterfeit too,” Mr Hayr joked.

The following seven young artists will all be awarded $400 in Resene vouchers for their schools;

First Place - Johanna Clark, Kauri Park School, age 10
Second - Tayla Hackett, Leithfield School, age 10
Third - Hakaraia Ngapera, Onekawa School, age 9

Sophie Lee, Danielle leitch & Rose Aldridge, St Brigids School; Parsa Soltanizand, Crawshaw School; Semsi Apai , Dargaville Primary School;
Timo Fitzpatrick Glenorchy School
. . .

The Reserve Bank is associated with Heads Up for Kids as all the old New Zealand decimal and pre-decimal currency collected is returned to the Reserve Bank where it is redeemed for face value.

The Reserve Bank of New Zealand estimates there’s more than $100 million dollars worth of pounds, shillings and pence, old decimal coins and banknotes sitting around in drawers or cupboards in households throughout New Zealand.

"There are millions of dollars in old currency that has not been returned to the Reserve Bank and increasing numbers of the new lower value coins that appear to be stored by households.  Even if only a small percentage of this currency is recovered it could have significant value,” Mr Hayr said.

Photo: Brian Hayr and Wellington Lion Roy Peterson look at winning design by Joanna Clark.<.h5>

ENDS

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