HomePaper MoneyNew Zealand's Brighter Money $20, $50 and $100 Notes Now in Circulation

New Zealand’s Brighter Money $20, $50 and $100 Notes Now in Circulation

front, New Zealand 2016 Series 7 $20 banknote

By Reserve Bank of New Zealand ….
New Zealand’s new $20, $50 and $100 banknotes have entered public circulation, the Reserve Bank announced on Monday, May 16.

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The Reserve Bank’s Head of Currency, Property and Security, Steve Gordon, said the release of the remaining Brighter Money Series 7 notes is a significant milestone for the project to upgrade New Zealand’s banknotes to make them more secure.

front, New Zealand 2016 Series 7 $50 banknote

“Approximately 300,000 of the new Series 7 $20, $50 and $100 banknotes have been dispatched to banks to meet their orders so far,” Mr Gordon said.

The public might not get to see a new note for some weeks, as the Reserve Bank distributes banknotes when it receives orders from banks.

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“The Reserve Bank expects more orders to come in from retail banks over the next few months as they gradually replace old notes.”

The new Brighter Money $5 and $10 banknotes have been in circulation since October last year, and already 9.7 million new notes have been dispensed.

front, New Zealand 2016 Series 7 $100 banknote

Both Series 6 and the new Series 7 notes will circulate together, and both will be legal tender. This means the public can make payment with either the old or the new banknotes.

A public awareness campaign will run for four weeks to educate the public about the new notes and their security features.

reverse, New Zealand 2015 Series 7 $100 banknote

Find out about the features of our new banknotes by taking the notes for a spin at www.brightermoney.co.nz.

CoinWeek
CoinWeek
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