Take note, a new note, just don’t take mine

nzbanknotes-withnew5and10

Fresh more colourful currency has been released today.  In a way, a triumph of technology in an era where “paper” money is actually on the way out – like stamps. Still, let’s have a look at the design elements common to each note.  

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security-features-of-nz-banknotes01

The new banknotes follow the release of bright new $5 and $10 banknotes already in circulation. The public can use the old or the new banknotes.

New $5 and $10 banknotes were progressively released from October 2015.

The new banknotes are brighter, with the note denomination shown in larger print and greater colour contrast between notes. The notes also have more Te Reo Maori on them and more sophisticated security features.

The Reserve Bank says the new notes have better security features and are more technologically advanced.

They’re the same sizes as the current notes and have the same New Zealanders, flora and fauna featured on them.

The old notes will be taken out of circulation as banks return them to the Reserve Bank.

It will cost an extra $7M-$8M per annum over the five-year release period to issue and distribute the new notes, and replace reserve stocks.

The process is part of the first banknote upgrade since 1999. While New Zealand experiences low rates of counterfeiting, the new notes are designed to keep ahead of technology advances over 15 years.

The new notes are printed in Canada.

New Zealand switched from paper notes to polymer notes in May 1999.

They look too good to spend, really.

 

[UPDATE]

Here’s a photo taken by Fairfax business and wine (?) reporter Chloe Winter.  I do find the setting where the announcement was made earlier today rather charming by providing quite a juxtaposition of old and new.

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– Reserve Bank, Newshub, Fairfax


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

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