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20 November 2014

Noteworthy money to be issued next year

New Zealand's banknotes are getting a makeover for the first time in 15 years, and although the same well-known faces will remain, security features have been beefed up. Today the Reserve Bank announced it will be releasing new designs of New Zealand bank notes, which will come into circulation from October next year. The last banknote upgrade was in 1999, with the change from paper to polymer. While the new designs will feature all the same well-known faces, including Sir Edmund Hillary and Kate Sheppard, the new designs and colours will be more vibrant. That's right, New Zealand's "paper" money is changing from this:


to this:


As you can see, the text of the number value of each note will be much bolder and brighter. The shape, size, and feel of the notes will also remain the same. However, the new notes will contain more sophisticated security features. These include holographic features that will help to make the notes easy to verify, but much harder to counterfeit. The transparent windows that feature in the current banknotes will also be much larger in the new designs, featuring a greater level of both design and security. But Kiwis won't be seeing these in their wallets just yet - the new $5 and $10 notes will be out next October, and the other three will be out six months later.

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