Banknote Production

New Zealand Banknotes Will Retain Similar Design

Though some believed the currency could see a massive overhaul, bank officials in New Zealand announced that the design of their new banknote series will remain similar when the notes are released in 2014.

A point of contention for the new notes was the depiction of Queen Elizabeth on the country’s $20 banknote. A recent survey conducted by the Nielsen Reserve Bank found that many New Zealanders disapproved of the Queen’s likeness on that particular denomination.

“The survey found 241 of the 1000 people surveyed did not like the Queen as a symbol. Of those, 41% disliked it a lot,” reported the Otago Daily Times. “The survey found 9 percent of consumers wanted the Queen to be removed or replaced on the design.”

Despite the survey’s results, Alan Bollard, governor of New Zealand’s Reserve Bank, said her likeness would still appear on the $20 note, though he said the image would be “updated.” The other new notes will also continue to depict prominent New Zealand figures, landscapes and birds.

Earlier this year, the Reserve Bank of New Zealand announced it would introduce a new banknote series to improve the quality of the notes but also to increase their security features making the currency harder to forge.

The current series of New Zealand banknotes has been in circulation since 1999, when the country switched from cotton-paper banknotes to polymer banknotes. The existing banknotes feature security features such as two transparent windows with embossed numerals and the image of a fern leaf, a shadow image noticeable when held to the light, individual serial numbers, raised printing, microprinting and special inks that make particular features glow under an ultraviolet light.

SOURCES:
Otago Daily Times: “Queen Here To Stay On NZ Banknotes”
Global Paper Security: “New Zealand Plans Potential Banknote Overhaul”

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