Australia launches new $50 note

Australia's central bank lanches new $50 banknote as part of the 'Next Generation' banknotes

New $50 Australian note

After the launch of the $5 and $10 notes over the past two years, the Reserve Bank of Australia has announced the new $50 bank note will now be available for general circulation.

The new $50 notes mark a milestone upgrade of Australia’s Next Generation banknotes, with the new $20 expected to be issued in 2019 and the new $100 in 2020.

The $50 is the most widely circulated banknote in Australia, accounting for nearly half the total value of other banknotes in use, mostly coming from ATMs, according to the RBA.

Governor Philip Lowe said ‘We were keen for the new $5 and $10 to be well accepted before we launched the most popular note, the $50.

This has involved working closely with businesses to assist cash handlers and cash-handling machines to identify and use the notes, which will help minimize disruption to people and businesses.’

Security features on the $50 bank note are the same as the $5 and $10, designed to deter counterfeiting with its unique design. It includes a top-to-bottom clear window that contains several dynamic features including a reversing number and flying bird, as well as microprint and a patch to differentiate the new $50 from counterfeits.

The upgraded note also has a feature to help the vision-impaired community, with a tactile feature to help distinguish between notes. The $50 has four raised bumps on each of the edges to help identify it from other notes.

The note will gradually be available for use as early as tomorrow.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer

Find out more about