RBA opens new ‘highly secure’ banknote vault

Australia still loves cash! Governor Philip Lowe says the vault "uses the latest technology"

The Reserve Bank of Australia has opened a new banknote distribution centre, built around a “very large vault”, which will be used to store its banknotes.

Speaking at the RBA’s annual board dinner, governor Philip Lowe said the new plant was an “important investment” for the region, and would help the central bank to manage the task of “issuing and storing banknotes for many years to come”.

“The new facility is built around a very large vault… it is highly secure. It also uses the latest techno