Australia paper discussed the Next Generation Banknote Project

The Reserve Bank of Australia has published a PDF paper on the Next Generation Banknote Project, RBA’s efforts to deter counterfeiting by enhancing the security of Australia’s banknotes. One interesting finding is that the Australian public greatly exagerates the likelihood of receiving a counterfeit in circulation even though polymer fakes were virtually non-existent prior to 2010. Since then, rather convincing $50 fakes have been passed, and Mexico’s 50-peso note was successfully counterfeited in 2012.

The “NGB” series will maintain the current serie’s color schemes and people portrayed, and will also be printed on polymer, but with more complex designs, intaglio and offset printing, multiple see-through windows.

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