The Reserve Bank of Australia (RBA) has proposed a new design of Australia banknotes on 27 September 2012. In this post, I am sharing a complete "Next Generation Bank Note" design images for everyone. RBA in its official statement said that they has been working on creating new, "youthful" looking bank notes since late 1990s. RBA has been making a research and development program for any new innovative technologies that can be use to enhance the security of Australia's banknotes. This program was initially referred to as the Currency Upgrade Program (CUP) and was then subsequently renamed as the Next Generation Bank Note (NGB) Program. The Australian in its report said NGB Project is more than two years behind schedule and has so far cost AUD$9.3 million. RBA in its statement report that the total cost to the Bank of the work undertaken by these designers was around $AUD550,000. RBA also has decided that the Bank and Note Printing Australia (NPA) will print the new banknotes.
3 designer has been chosen to work for a concept designs for all five denominations. Two of the three designers were Australian; one had been involved in the development of the current banknote series and the other had previously worked with NPA designing banknotes for a number of countries. The Bank has evaluated the three concept designs and has selected a preferred designer to work with to refine the designs to ensure public acceptance and that there are no production issues. Some news reported that one of the designer is Garry Emery, based in Melbourne.
The upgraded banknotes will incorporate a number of new features that will mean Australia's banknotes will remain secure into the future. It is important that the new features are rigorously tested, durable, and effectively incorporated into the banknote designs.
The RBA has ruled out making changes to many of the key features of the current notes, including colour and shape. The portraits which currently grace the currency; including Queen Elizabeth II on the $5 note and Banjo Patterson on the $10 note will also remain.
Source: RBA, The Australian.
