Next Generation Banknote Program

The new $5 banknote

The new generation $5 banknote - front view.

This image shows the basic design artwork for the signature side of the new $5 banknote. The white areas are clear windows.

The new generation $5 banknote - back view.

This image shows the basic design artwork for the serial number side of the new $5 banknote. The white areas are clear windows.

Upgrading Australia's Banknotes

A core function of the Reserve Bank is to maintain public confidence in Australia's banknotes. Australia has one of the safest and most secure currencies in the world and has experienced relatively low levels of counterfeiting for many years. To ensure that this continues to be the case, the Reserve Bank researches anti-counterfeit technologies and developments in banknote design.The results of this work have culminated in a project to upgrade the security of Australia's banknotes.

The first denomination in the new series, the $5 banknote, was issued on 1 September 2016. The $10 banknote is expected to be issued in late 2017, followed by the $50 then the remaining denominations in subsequent years.

Considerable work has already been undertaken on this project, including the development and review of banknote designs and production trials of new security features. It is important that the new features are durable, effectively incorporated into the banknote designs and rigorously tested. One aspect of this process is that the Reserve Bank has consulted extensively with key users of banknotes, including banknote equipment manufacturers, retail organisations, financial institutions and the vision-impaired community. Advice has also been sought through a number of channels during the development process, including a Design Advisory Panel, subject-matter experts and focus groups comprising members of the public. These ongoing consultations provide an opportunity to ensure that the new banknotes meet the needs of the community.

For more information

17 February 2017
Next Generation of Banknotes: $10 Design Reveal

15 September 2016
Bulletin article – New Banknotes: From Concept to Circulation
Alternatively download PDF 4.4MB

1 September 2016
Next Generation $5 Banknote Enters Circulation

12 April 2016
Media Release – Next Generation of Banknotes: $5 Banknote Design Reveal

21 March 2016
Media Release – Next Generation of Banknotes: Plans for the $5 Design Reveal

11 February 2016
Media Release – Next Generation of Banknotes: Issuance Date for the New $5 Banknote

17 September 2015
Bulletin article – Banknote Stakeholder Engagement
Alternative download as PDF (201KB)

19 March 2015
Bulletin article – Australian Banknotes: Assisting People with Vision Impairment
Alternative download as PDF (1.6MB)

13 February 2015
Media Release – Next Generation Banknotes: Additional Feature for the Vision Impaired

20 March 2014
Bulletin article – The Next Generation Banknote Project
Alternative download as PDF (3.3MB)

27 September 2012
Media Release – Upgrading Australia's Banknotes