Drum roll…The Reserve Bank has revealed a new design for the $20 banknote, which will be released into general circulation later this year in October!
The new banknote will continue to celebrate the lives of two outstanding Australians, featuring the same portraits of Mary Reibey and Reverend John Flyn. Their stories are told through the images incorporated on the banknote, which provide a rich and diverse narrative about their life in Australia.
To help with ease of recognition other aspects of the existing $20 note have also been retained in the new design, such as colour and size. However, innovative new security features have been incorporated to help keep the notes secure from counterfeiting. These security features are similar to those in the $5, $10 and $50 banknotes issued progressively since 2016.
The new banknote series also has a ‘tactile’ feature to help the vision-impaired community distinguish between different denominations of the banknotes.
Existing $20 banknotes can continue to be used, as all previously issued banknotes remain legal tender and all of our ATM’s can accept the new notes without changes.
The updated design for the $100 banknote is due to be released next year.