NEW ZEALAND'S NEW BANKNOTE DESIGNS

Currency in New Zealand is about to get a major upgrade as part of a "Brighter Money" initiative undertaken by the Reserve Bank of New Zealand.

Under the initiative, $5s, $10s, $20s, $50s and $100s will be pulled from circulation over the next two years and replaced with more secure and vibrant versions. The impetus for the change is to help thwart counterfeiting by using new technological advances.

The new banknotes will still showcase the same denominations, sizes, themes and New Zealanders to include Sir Edmund Hillary, Kate Sheppard, Queen Elizabeth II, Sir Apirana Ngata and Lord Rutherford. They will also still be produced from flexible plastic. What will change is that each note will feature a brighter, more modern look and have marked increases in color contrast from other notes. Denominations will also appear in larger print.

Current plans call for the $5 and $10 banknotes to be released in October 2015 followed by the remaining denominations in April 2016. The older notes will remain legal tender with the Reserve Bank.

The last revisions to New Zealand banknotes occurred 15 years ago.

To read the complete article, see:
New Zealand’s Newly Designed Money for 2015 and 2016 (www.coinnews.net/2014/12/05/new-zealands-newly-designed-money-for-2015-and-2016/)

	NBS (coinbooks.org) Web