Reserve Bank of Australia reveals the design of the new $50 banknote on Guardian™
15 February 2018
Sydney, Australia – The Reserve Bank of Australia (RBA) has today revealed the design of the new $50 banknote. As with the existing banknote, the new $50 features portraits of Aboriginal writer and inventor David Unaipon and the first female member of an Australian parliament, Edith Cowan. The new banknotes will be released into general circulation in October 2018.
Governor Philip Lowe said: "David Unaipon and Edith Cowan were campaigners for social change and we are proud to continue featuring them on the $50 banknote. The new banknote provides the opportunity to tell more of the rich story behind these distinguished Australians."
The RBA released images of the new $50 banknote showing the basic design artwork of each side of the note. The white areas are clear windows and, as announced by the RBA, the new $50 banknote contains the same security features as the new $5 and $10 banknotes that were issued in 2016 and 2017 respectively, including a top-to-bottom clear window.
The Governor added: ‘Improved security and ease of recognition underpin the design of the new $50 banknote. With the release of the $5 and $10 during the past two years, we are confident the Australian public are becoming familiar with the new banknote security features.’
The new banknote also includes representations of a wattle and a native bird. The $50 features Acacia humifusa and a Black Swan (Cygnus atratus), Unaipon’s ngaitji, or totem, and the bird of Cowan’s home state of Western Australia.
The Reserve Bank is working closely with banknote equipment manufacturers and retailers to help them prepare ATMs and other banknote authenticating machines to handle the new banknote. Existing $50 banknotes can continue to be used, as all previously issued banknotes remain legal tender.
It is expected that the $20 banknote will be upgraded next year.
Full details of the design and security features on the new $50 banknote are available on the Bank's website at banknotes.rba.gov.au.
For more information:
T +61 3 9303 0709