New Zealand announces upgrade of banknotes to begin in 2014

On 21 July 2011, the Reserve Bank of New Zealand held a press conference to announce that a project has begun to upgrade the nation’s banknotes, which will include a review of the material of the notes, and anti-counterfeiting features, but the people depicted on the notes are not expected to change, including the retention of Queen Elizabeth on the 20-dollar note despite her portait being the most disliked part of the design of that denomination. Little solid information was given at the press conference, except that the new notes are expected to start being issued one or two denominations at a time in 2014. There are, however, a lot of interesting tidbits in these two survey result reports conducted with retailers and consumers.

Courtesy of Richard Miranda.