CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Australia launches new $50 note

Australia's central bank lanches new $50 banknote as part of the 'Next Generation' banknotes

IG Analyst

Publication date : 2018-10-17T03:55:00+0100

New $50 Australian note

After the launch of the $5 and $10 notes over the past two years, the Reserve Bank of Australia has announced the new $50 bank note will now be available for general circulation.

The new $50 notes mark a milestone upgrade of Australia’s Next Generation banknotes, with the new $20 expected to be issued in 2019 and the new $100 in 2020.

The $50 is the most widely circulated banknote in Australia, accounting for nearly half the total value of other banknotes in use, mostly coming from ATMs, according to the RBA.

Governor Philip Lowe said ‘We were keen for the new $5 and $10 to be well accepted before we launched the most popular note, the $50.

This has involved working closely with businesses to assist cash handlers and cash-handling machines to identify and use the notes, which will help minimize disruption to people and businesses.’

Security features on the $50 bank note are the same as the $5 and $10, designed to deter counterfeiting with its unique design. It includes a top-to-bottom clear window that contains several dynamic features including a reversing number and flying bird, as well as microprint and a patch to differentiate the new $50 from counterfeits.

The upgraded note also has a feature to help the vision-impaired community, with a tactile feature to help distinguish between notes. The $50 has four raised bumps on each of the edges to help identify it from other notes.

The note will gradually be available for use as early as tomorrow.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer

Find out more about

Trading forex
Forex CFD details

Disclaimer:

All forms of investments carry risks and trading CFDs may not be suitable for everyone. CFDs are leveraged instruments and can result in losses that exceed deposits, so please ensure that you fully understand, and are aware of, the risks and costs involved. Refer to the Risk Disclosure Statement and Risk Fact Sheet.

IG Asia Pte Ltd (Co.Reg.No. 200510021K) is regulated by the Monetary Authority of Singapore and holds a capital markets services licence for dealing in capital markets products that are over-the-counter derivatives contracts and is an exempt financial adviser.

IG provides an execution-only service. The information in this advertisement does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. You should consider your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

This advertisement has not been reviewed by the Monetary Authority of Singapore.