Fresh Look for New Zealand Banknotes
The Reserve Bank of New Zealand (RBNZ) has announced that planning is now underway the fresh look upgrade to New Zealand’s current series of banknotes. The upgrade will include updating the $5, $10, $20, $50 and $100 notes.
Whilst still in its early stages, the notes will be released gradually in 2014.
The RBNZ also released details about its intention to update the designs, as modern printing techniques will allow for a new look to the notes.
The project will not only approach the upgrade from an aesthetic front but will also look to improve the overall quality of the banknotes to help keep New Zealand’s counterfeiting rates down.
With global technical developments in currency the project will mean that New Zealand banknotes also benefit from the technical advancements that have been introduced in banknote security over the last decade.
The various new banknotes will be progressively released from 2014 at the earliest, the bank indicating in its release last week that planning for the upgrade project is still very much at planning stages.
The Reserve Bank is contacting consumer and business groups whom may have a special interest in currency matters to gather technical feedback. Further such groups can contact the RBNZ at email@example.com.
To view the banks full release ‘New Zealand Banknote Upgrade Project Underway’ please click here.Tags: Banknotes, currency, home loans, Loan Market, money, Mortgage broker, RBNZ