From the 1st September 2016, The Reserve Bank of Australia will be releasing the first of the Next Generation Banknotes, the five-dollar ($5). Other denominations will be progressively introduced in the coming years.
$5 Next Generation Banknote
What are the Changes?
Although the new banknote will be the same size, colour pallet and have the same people portrayed on it, the five dollar has been introduced with some new features:-
- New security measure – a distinctive top to bottom window to help keep Australia’s banknotes secure from counterfeiting into the future.
- New ‘tactile’ feature – to help assist the vision impaired distinguish between the different denominations.
What Does This Mean for my business?
Many gaming machine Bank Note Acceptors (BNAs) and Note Counters will not accept the new design, although the aspects of each note are similar. All banknotes issued by the Reserve Bank remain legal tender and can continue to be used. However, it is likely that most banknote processing equipment including note counters will require some degree of upgrade, and some equipment may even need to be replaced.
How can Electronic Business Equipment help You?
To check to see if your existing Note Counter is compatible, requires an upgrade or even replacing, you can speak to one of our friendly staff members about your options. Contact our office on 07 5443 2744, email us at info@ebesuncoast.com.au or use the Contact Form.
Head over to our online store so you can get Note Ready TODAY!
SB-100 Banknote Counter
Some of the Models that will need to be replaced: 85D, AM60, SQ1500, SB100, MAG75 and J-707.
Some of the Models that can be upgraded: SB-200, N120, N12A, SB9, SB7, MAG150, UFS100 and UFS150
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