Is this Australia's new paper money?

Australia is developing new banknotes. This project, called Next Generation Bank Note, has started five years ago and so far it has cost 9,3 million Australian dollar (about 7,4 million euro). Supposedly, the Reserve Bank of Australia is running two years behind schedule according to Australian newspapers but they (of course) refuse to comment on this delicate subject.

But now a new set of approved designs had surfaced which will serve as a basis for the final designs. You might notice that queen Elizabeth II is missing from these notes. Don't be alarmed: the central bank has already proclaimed that the queen will appear on the issued note. The new banknotes promise to have a more youthful appearance and will be updated with the latest security features. The approved designs are made by Garry Emery, a designer from Melbourne who also designed the current banknotes in circulation.

I can see the youthful appearance but 'Monopoly' is also something which springs to mind seeing these designs. Due to the complicated process of developing new banknotes, the Aussies will have to wait for a few more years before they have new money in their wallet.





Steven Tuesday 02 October 2012 at 1:50 pm | | news
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