Australians will have a new addition to their wallets as of 29 October 2020 when the Reserve Bank of Australia (RBA) officially puts the fresh $100 note into circulation.
The new note is the last step in an overhaul of the Australian currency system, and is set to eventually replace the 400 million $100 notes already in circulation.
Existing $100 notes are still legal tender and can be used, the RBA has confirmed.
The new notes have been in production since mid-2019, with the RBA describing the replacement process as a “big logistical exercise,” and that it will take a while for them to become widely available.
What’s on the new $100 note?
Two prominent Australians feature on the new note, said RBA Governor Philip Lowe.
“The new $100 banknote celebrates the contributions that two outstanding Australians – Sir John Monash and Dame Nellie Melba – made to our society,” he said.
“Australians should feel proud of our banknotes. They are innovative and contain world-leading security features that keep the banknotes secure.”
Sir John Monash was an engineer, civil leader and scholar and who was recognised for both his military career and work in the building and construction industry.
The other side of the note honours Australian opera icon Dame Nellie Melba, who was an internationally renowned soprano who had a career spanning Europe, the USA and Australia throughout the late 19th and early 20th century.
I want one of the new $100 notes, how can I get one?
While you might be waiting for a new $100 note to filter through to your change, the banknotes can also be purchased over the counter at the RBA’s Sydney Head Office or Canberra branch.
The RBA has already changed the $5, $10, $20 and $50 notes, with all the notes also featuring new security features.
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