![]() Inquisitive and irreverent members of the public attempted to scratch off this OVD with a coin, much the same way as one "opens" a scratch lottery ticket. The OVD is a NPA development and this is its first appearance. However, befitting the occasion, this commemorative note depicts scenes of European settlement and the general development of a multi - cultural nation on one side and on the other side Australia's aboriginal heritage.Ī sophisticated Optically Variable Device (OVD) as a key security feature developed by NPB is introduced with this note in the RBA's campaign against the counterfeiters. In 1988 one of their number an actor, Burnum Burnum, travelled to Britain and staked a claim on British territory at Folkestone on behalf of the Australian Aboriginal people. (Of course, Australia's indigenous people do not place the same importance on this date having arrived some 40,000 years earlier. It is understood that the note was actually available on that day from RBA which especially opened sales offices. January 26 is Australia's national day (a public holiday) and in 1988 200 years of European settlement were celebrated. Much secrecy surrounded the development of the note and this first issue has the RBA code name "C $10", for commemorative $10. Suffice to say many obstacles were overcome such that today over 20 countries have embraced this technology. It approached the CSIRO for assistance and it together with NPA embarked on what proved to be a ground breaking project.ĭevelopment of the polymer note was not without its difficulties. Shortly after the decimalisation of Australia's currency in February, 1966, the Reserve Bank of Australia (RBA) became alarmed with the extent of the counterfeiting of its workhorse note, the $10. It is the product of almost twenty years of research to "build a better banknote". This note is the brainchild of Note Printing Australia (NPA), Australia's leading security printer and the Commonwealth Scientific and Industrial Research Organisation (CSIRO), the Federal Government research institution. ![]() History was made in the world of banknotes on 27th January, 1988 when the first polymer note, a $10, was released into general circulation. ![]() Commemorative Ten Dollars - The First Issue. ![]()
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