POCKET GUIDE TO AUSTRALIAN BANKNOTES 5 A New Vision for Banknotes NEXT GENERATION OF BANKNOTES
A New Vision of Banknote Security
In this Pocket Guide
As advances in reprographic technology continue to become publicly available, the potential for counterfeiting increases, including the sophisticated counterfeiting of polymer banknotes. In order to anticipate this eventuality, the Reserve Bank foresaw the need to incorporate advanced security features into the nation's banknotes. The use of the polymer substrate for the banknotes' printing had been successfully introduced with the previous New Note Series, and this medium is well suited to the integration of new security features and design elements.
Several years of testing preceded the production of the new series, known as the Next Generation of Banknotes. The program was established in 2007 and included extensive consultation with designers, technical and subject-matter experts, the cash-handling industry, representatives of interest groups, such as the vision-impaired community, and the public.
The Next Generation of Banknotes series contains pioneering features but retains key aspects of the previous banknotes – the people portrayed, colour palette, sizes and denominations – to ease recognition and to minimise the disruption to businesses. Two innovative security features are integrated with the banknotes: foil elements applied to a clear top-to-bottom window and an optically variable ink that produces a rolling colour effect. The banknotes also include a tactile feature to help the vision-impaired community distinguish between different denominations of banknotes.
The concept design for the series was prepared by emerystudio, whose Creative Director Garry Emery had designed the $20 banknote of the New Note Series and the Centenary of Federation $5 banknote of 2001. Consultation on the design was sought through an advisory panel, formed in 2011. The Design Advisory Panel conferred on the banknotes' narratives and their contextual design elements. It consisted of historians Professor Grace Karskens and Professor Angela Woollacott; industrial designer Professor John Redmond; former Head of the Reserve Bank's Note Issue Department, John Taylor. It also included Wayne Tunnicliffe, Head Curator of Australian Art at the Art Gallery of New South Wales and the Director of the National Gallery of Victoria, Tony Ellwood, resuming a position that one of his predecessors, Bernard Hall, had held for the first series of Australian banknotes (1913–1914).
Security Features of the Next Generation of Banknotes
Polymer substrate:
Printed on polymer, the banknotes have distinctive texture and return to shape after creasing.
Explore the series of Pocket Guides
INTRO
Currency Crises
An Introduction1
Australian Panorama
THE NATION'S FIRST BANKNOTES2
Change & Stability
AUSTRALIAN BANKNOTES OF THE 1930s AND 1950s3
A Decimal Reformation
INTRODUCTION OF DECIMAL CURRENCY TO AUSTRALIA4
The Reinvention of Banknotes
THE AUSTRALIAN INNOVATION 0F POLYMER BANKNOTES5