New Banknotes Are Coming!

The Reserve Bank of New Zealand (RBNZ) is releasing new banknotes in New Zealand later this year.

The new notes will be the same sizes and denominations as the current banknotes, and they’ll still be made of flexible plastic. The themes of the notes remain the same – with the same New Zealanders, flora and fauna featuring in the designs.

The new notes will be released gradually. The target date for release of the $5 and $10 notes is October 2015, with the $20, $50 and $100 notes likely to be released in April 2016. Both the new notes and the current notes will circulate together, and of course both will be legal tender.

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