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New $50 Banknote Enters General Circulation

New $50 Banknote Enters General Circulation

The new $50 banknote enters general circulation on Thursday 18th October 2018, marking a milestone in the upgrade of Australia’s banknotes. According to the Reserve Bank of Australia, the $50 is the most widely circulated banknote, accounting for nearly half of the total value of banknotes in use, and it is the denomination primarily used in ATMs.

All of the Microelectronic cash handling devices are updated and certified for identifying and validating the Next Generation of Australian Banknotes. If you are in doubt as to whether your system is NGB-ready, contact us by phone on 02 9417 6644, or at info@microelectronic.net.

The new $50 is the third denomination in the new series of banknotes and follows the release of the $5 and $10 over the past two years. The new $20 is expected to be issued in 2019 and the new $100 in 2020.

Here is a useful set of resources for your further reading about the RBA Next Generation of Banknotes:

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