The Reserve Bank of Australia (RBA) has unveiled the design for its new $5 banknote, which sports new security features to prevent counterfitting. Its also garish as all get-out.
From September 1 2016, the above bank note will begin to enter circulation in small numbers. The note will continue to sport a portrait of Queen Elizabeth II on one side and Australia's old and new Parliament Houses on the other — however, the design has been updated with a colourful new "tactile strip" to aid the vision-impaired.
The strip depicts the Prickly Moses wattle and Eastern Spinebill bird. Future bank note updates will follow the same design principle, with each strip featuring a different species of Australian fauna and flora.
In addition, the new note incorporates newly developed security features in a bid to prevent counterfeiting. The nature of these new features have yet to be announced by RBA.
Otherwise, the colour, size and materials used remain identical to the old note. According to the RBA, it will take some time for the new bank notes to be widely circulated. Naturally, you'll still be able to use old $5 bank notes for many years to come.
What do you guys think about the new $5 note design? Does anyone have any theories on what the new security features might entail? Let us know in the comments.