The changing face of our money

banknote-upgrade-project-index-page00-317Our physical money is undergoing a change with two
projects currently underway.

Brighter money/Banknote upgrade project

New Zealand’s banknotes are being upgraded. The key aim of the project is to benefit from technological advances in security features.

The new notes will be the same size and denominations as the current series, and they will continue to be made of flexible polymer. The themes of the notes remain the same, with the same New Zealanders, flora and fauna remaining central to the designs.

The new notes will be released progressively, by denomination. The target release date for the $5 and $10 is October 2015, with the $20, $50 and $100s likely released in April 2016.
The new notes will co-circulate with the current notes for a period of time and both sets will be legal tender.

ANZAC circulating commemorative coin
Commencing March 2015, The Reserve Bank will release a coloured circulating commemorative coin to mark the spirit of Anzac that was forged 100 years ago on the shores of Gallipoli.

Anzac-coin-image 500x497-900-192 The Anzac coin honours the spirit of Anzac that was formed 100 years ago, and continues to live on today.
The Anzac coin was launched in February 2015, by His Excellency Lieutenant General The Right Honourable Sir Jerry Mateparae, GNZM, QSO, Governor-General of New Zealand.

It is the first time in New Zealand's history that a coloured circulating coin has been produced. The coin will be in circulation as legal tender and available for collectors.

The Anzac coin design features a New Zealand and Australian soldier standing back to back with their heads bowed in remembrance. The mangopare (hammerhead shark) pattern symbolises strength and determination, and the silver fern reflects New Zealand’s national identity.

One million Anzac coins have been minted and will be released to coincide with the 100th anniversary of Gallipoli. This number represents the size of the New Zealand population in 1914, of which 10 percent served in the First World War.
New Zealand Post is coordinating the release and distribution of the Anzac coin. The coin will be available in New Zealand Post/Kiwibank stores from 23 March, 2015 and will be sold at ‘face value’ – 50 cents.

The Anzac commemorative coin is New Zealand’s first circulating coloured coin, and it was minted by the Royal Canadian Mint.
The Anzac circulating coin has the same specifications as the existing 50 cent coin and testing has shown it will be accepted in coin and vending machines.

The coin was coloured using a revolutionary high-speed pad printing solution, developed by the Royal Canadian Mint and technology partner TECA. Capable of producing circulation coins with vibrant, photo-quality images, in multiple varieties and blends of colour, and with superior wear resistance, this unique technology is exclusive to the Royal Canadian Mint.

The high-resolution design of the coin was made possible by an integrated system incorporating specially developed inks, robotics for speed and precision control, as well as advanced vision inspection for quality assurance.