RBA announces new design of $5 note

THE Reserve Bank of Australia has unveiled the design of the new $5 banknote, which includes new security features to prevent counterfeiting.

The new banknotes will be issued into circulation from September 1, 2016, although the RBA said it would take some time for the new banknotes to be widely circulated.

"Innovative new security features have been incorporated to help keep Australia's banknotes secure from counterfeiting into the future," RBA Governor Glenn Stevens said in a statement.

"As can be seen in the images, these include a distinctive top-to-bottom window."

Pictures show key aspects of the existing design have been retained - colour, size and people portrayed - which the RBA said was for ease of recognition and to minimise the disruption to businesses.

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