The See Central bank. of Australia issued its new $5 A substrate used in the printing of banknotes, made of biaxially oriented polypropylene (BOPP) polymer. Polymer banknotes were first introduced in Australia and are widely used around the world. note on September 1, 2016. This is the first of the new series of Australian dollars.
What is particularly worth noting is Australia’s engagement to make banknotes a A transfer of funds which discharges an obligation on the part of a payer vis-à-vis a payee. tool accessible to all segments of the population, including the blind and the visually-impaired. Across the globe, the visually-impaired often struggle to differentiate denominations between each other. As a response, many governments have proceeded to implement a number of elements, such as different A banknote (or ‘bill’ as it is often referred to in the US) is a type of negotiable promissory note, issued by a bank or other licensed authority, payable to the bearer on demand. sizes, different colors and tactile elements. Today, a growing number countries have implemented elements for the blind and visually-impaired in one form or another, making Money in physical form such as banknotes and coins. a truly universal method of payment.
To read RBA’s press release, please click here.