Here’s everything you need to know about Australia’s new $50 note
Friday, February 16, 2018/
The Reserve Bank of Australia has revealed the design of the new Australian $50 note set to be circulated in October this year, following recent makeovers of the $5 and $10 notes.
The bank note will continue to feature Indigenous writer and inventor David Unaipon and the first woman elected to an Australian parliament, Edith Cowan. It will also include a new top-to-bottom clear window and a greater emphasis on Australian wattle flowers.
Alongside the new design, the Reserve Bank of Australia (RBA) says the note will serve to make counterfeiting Australian currency more difficult, with a fourth swan on the bank note only revealed when illuminated with a UV light.
In a statement, RBA Governor Philip Lowe said the design is intended to reduce the number of counterfeit notes entering circulation.
“Improved security and ease of recognition underpin the design of the new $50 banknote. With the release of the $5 and $10 over the past two years, we are confident the Australian public are becoming familiar with the new banknote security features,” he said.
In the lead up to the $50 note’s release, the RBA will be working with retailers and ATM providers to ensure the note will be easily transitioned into circulation.