SMEs will soon be seeing a new style of banknote coming through their tills, with the Reserve Bank of Australia unveiling the new design for the $10 note today.
The design is similar to the new five dollar note revealed last September. It features a revamped design, a translucent strip down the middle, and enhanced security features to reduce risk of counterfeiting. The note also features tactile raised marks to aid vision-impaired Australians.
“The $10 banknote celebrates two famous Australian writers, Dame Mary Gilmore and AB ‘Banjo’ Paterson. Their work is recognised in several design elements on the banknote, including images of a pen nib in two of the clear windows and excerpts of their poetry in microprint,” RBA governor Phillip Lowe said in a statement.
The new notes won’t enter circulation until September, and businesses are advised they can continue to accept notes with the previous design, which remain legal tender.
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The RBA will be updating all Australian bank notes to include enhanced security features and design updates over the coming years.
The new $10 note design also features images of native Australian flora and fauna, including Bramble Wattle and the Sulphur-crested Cockatoo.