Central Banking

RBA reveals details of ‘next generation’ banknote project


The Reserve Bank of Australia (RBA) has released details of its "next generation banknote" project in the latest edition of its quarterly bulletin.

Australia became the first country to adopt polymer banknotes in 1992, but has not updated the notes since. Responding to the "increasing threat" posed by counterfeiters, who are becoming better at producing polymer notes, the RBA commissioned a revamp of its banknotes in 2007, with the notes due to be finally rolled out "in the coming years".


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