All of the new notes will be 66 mm tall. However, the 20-peso note will be 120 mm in length, and each larger denomination will be 7 mm longer, culminating in a 1,000-peso note measuring 155 x 66 mm, the same size as the current series of notes (Pick 116 – 121).
The first note of the new series will be the $50, to be released in November 2006, followed by the $20 in 2007. Both of these denominations will be printed on polymer, which — in the bank’s experience with the current polymer $20 (Pick 116) — lasts three times longer than paper.
The remaining denominations will be printed on paper, with the $200 and $1,000 appearing in 2008, and the $100 and $500 slated for 2009. The current notes will remain legal tender and will be gradually removed from circulation.