Americans React to Australia Dollar | Secrets of the Australian Dollar
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When I lived in Australia, I liked how when I opened my wallet I could tell how much I had just by the colours. Now that I'm in the US, I have to check each one to know what's in there. Boring banknotes, still using fahrenheit, still using Imperial system, and I keep hearing it's the greatest country in the world. Hah! ;)
Yep, only Americans that have never travelled say that...
It grates on me!
it's not even the Imperial measurement system. It's a US standard based on the Imperial system. They dont tend to use stone or hundredweight and many other units. They use short tons of 2000 lbs and a gallon that's about 3.8 litres not 4.5 litres. They probably don't learn about links or chains but may know furlongs because of horse-racing.
don’t get me started on there healthcare
I also wonder how the US is behind in so many everyday things. I had a laugh when some clown started calling inches etc "freedom units" apart from the fact that the US rates far from the top of the list of the countries on the World Freedom Index the name of the system that they have stuck with is the Imperial System, which I believe is hardly what they and their French other allies allegedly fought for.
When I was about 8 years old my school went to the Royal Australian Mint and they showed us that very first $10 polymer note which was about to be released into circulation and said if we could rip it in half we would be given a new one to keep. We all had a go and the note did get pretty scrunched up and even slightly stretched if I remember correctly. Then it was handed to an 8 year old girl who bit it with her front teeth whilst trying to tear it - she succeeded to the cheers of us kids and the amazement of the Mint staff. They certainly weren't expecting that and I'm quite sure they stopped that demonstration after that. Clearly, I still remember it to this day.
I'm an old bat and we had a primary school excursion to ACT and saw the first paper $50 before circulation. I think 1973?
Lol good on that little girl, great story.
Are u from west Australia
Yeh my dad worked at nab for years and i clearly remember him bringing home a brand new plastic fiver and challenging us kids to tear it in half. My sister finally did after we'd all been trying for a few hours. I remember being pretty amazed by it
The USD is the most easily forged in the world. Also, food outside the US costs more because it’s actually real food!
We pay the people who make the food a living wage, and don’t have a tipping culture, so that’s why some stuff is more expensive. (What’s the tipping minimum wage in the US, like less than $3 per hour?)
@@ryanager8029 2.15
One of the few things i would prefer usa. You actually get decent serving sizes. Would be nice and help with life long efforts to put on more weight
@@goldengun9970 enjoy the falling life expectancy and diabetes from HFC, the 4 US Food groups.
HFC
Meth
Opium
Hate
@@julesmasseffectmusic what are you talking about? I eat clean and healthy. Cook for myself. Loft heavy weights, play basketball and constantly push to try put on more weight which isn't easy with a fast metabolism and such an active lifestyle. None of that puts me at risk for diabetes. My insulin levels are fine. I just need to eat a large amount of calories as do millions around the world who ate like me
The Australian mint does not 'buy' the plastic, they make it themselves. It is a polymer, made from a secret recipe to prevent counterfeiting.
The counterfiets are pretty good nowadays. For years they would only pass in busy and dark pubs.
Fun fact. John Monash who is featured on the 100 dollar ore was the first military commander to design a battle incorporating infantry, artillery, plane and tanks simultaneously.
This was in the Battle of Hamel on July 4th 1918. The battle included 1,000 American troops on loan from US General Pershing.
The battle though small by most standards was planned to last 90 minutes. It went for 91 minutes.
The battle plan became the blue print for the Battle of Amiens (3rd Battle of the Somme) which began on the 8th of August 1918 in which the Australians and the Canadian were the spearhead crack troops and on the flanks were the French and the British.
By wars end, Gen Sir John Monash had over 150,000 Australian and 50,000 US troops under his command.
Monash become Sir John and was the first commander in the field of battle to be knighted by a king of Great Britain for 200 years and he was also awarded the highest military honour that the French could award a foreigner.
Of the 8th of August Australian and Canadian offensive, German commander Von Luttendorf said, "it's the blackest day for the German army".
The First World War came to an armistice 3 months and 3 days later.
"... the true role of infantry was not to expend itself upon heroic physical effort, not to wither away under merciless machine-gun fire, not to impale itself on hostile bayonets, nor to tear itself to pieces in hostile entanglements-(I am thinking of Pozières and Stormy Trench and Bullecourt, and other bloody fields)-but on the contrary, to advance under the maximum possible protection of the maximum possible array of mechanical resources, in the form of guns, machine-guns, tanks, mortars and aeroplanes; to advance with as little impediment as possible; to be relieved as far as possible of the obligation to fight their way forward; to march, resolutely, regardless of the din and tumult of battle, to the appointed goal; and there to hold and defend the territory gained; and to gather in the form of prisoners, guns and stores, the fruits of victory." Sir General John Monash
@Hoa Tattis ....the whisper in some quarters was that had the way continued into 1919, King George was considering Monash as commander over all the British forces as well.
Billy Hughes waa won over when he met John and the French held him in high regard.
Today there is the freeway and a university named after him....and he's on the hundred buck note. When we convert to a cashless society, I'll keep and frame a Monash a $100 note. 😀
@Hoa Tattis ...the other bloke was possibly the official historian Charles Bean.
Thankfully Hughes changed his mind. A very interesting bloke, Billy. He figured that Australian needed to be in the war otherwise Japan would get all the former German Pacific territory including the northern half of Papua New Guinea.
@Hoa Tattis ....I think that was George's thinking when he began to restrict the amount of troop that Haig could have, noting that Australians could achieve more with less.
@Hoa Tattis ....I think I read it in 'Monash, The Outsider Who Won A War'
I laughed at the $12 breakfast, it will cost more in Australia for that. Also worth mentioning is our $1 and $2 notes got changed for gold coloured coins, our other coins are silver.
Yea add $10 lol
Plenty of places in Cairns for a ten, twelve, fifteen dollar breakfast some even all you can eat.
If you want to pay decent wages and Aussies do, things cost a bit more.
@TKPS That sounds very circular.
Depends where you live, if you live somewhere hipsters haven’t fucked yet then you can still get brekky for a tenner
The Braille is innovative but size difference helps with sorting in a wallet and for the elderly and other who don't necessarily have vision issues.
The different sizing is also a hold over from paper notes because it was noticed that counterfeiting notes such as the USD was facilitated by all the notes being the same size... effectively bleach a $1USD and print it as a $100...
And here now its way harder to fake lol.
Oddly they had a batch of 100dollars printed on the 5dollar note material....it ended badly 😂
They are also made different sizes for payment machines to know what notes you put in the machine (parking fee machines etc).
it also prevents people giving a stack of notes that aren't the correct value and hiding it under one that is
The different size also means different weight. When you deposit money at a bank for example they typically won't count it they just weigh it.
You people are very good, these are all the reasons I immediately thought of as to why the different sizes. NOW can anyone tell me how and why the smell is in the polymer note as I guess it is another security feature.
On another note, I got a 4800 dpi Umax scanner in the 90's (pre polymer)and had great fun with Photoshop, I scanned and printed a $50 note and showed it to my brother who suggested he try it at a nightclub as it looked so real, I already knew it was more the feel of the note than the note itself.
The size difference also helps ATMs and Vending Machines to recognise the notes.
The one important factor
That was not mentioned in the video is !
Our mint ( money factory )
Also makes the
New Zealand, Canadian, and
Vietnamese notes !
That actually was mentioned in the original video
It's a lot more than that ... all these, so that makes it quite a nice money earner for Australia.
Autoriti Monetari Brunei Darussalam
Banco Central de Chile
Banco de México
Bangladesh Bank
Banca Naţională a României
Bank Indonesia
Bank Negara Malaysia
Bank of Papua New Guinea
Bank of Thailand
Central Bank of Kuwait
Central Bank of Samoa
Central Bank of Solomon Islands
Central Bank of Sri Lanka
Nepal Rastra Bank
Monetary Authority of Singapore
Reserve Bank of Australia
Reserve Bank of New Zealand
Reserve Bank of Vanuatu
State Bank of Vietnam
I watched that video a few times (from it release til now), and I had an excursion to the Royal Mint Factory during primary school. I'm also from Vietnamese immigrants, and yet I didn't know this!
Pretty cool how Australia is able to do this, and also be the front line in note technology (even though ppl are saying we will go cashless very soon... i think 2024 they wanted it... )
Australia's banknotes are printed by Note Printing Australia Limited (NPA), which is located on a 26 hectare site at Craigieburn, Victoria, 25 kilometres north of Melbourne. Since July 1998, NPA has been a separately incorporated, wholly owned subsidiary of the Reserve Bank of Australia
Really, I did not know that, & I'm Australian.
I find US dollars hard to use because all the denominations look so similar. Having different sizes and colours for different denominations helps to make sure you don't accidentally tip with a $100 note (I didn't do that, by the way).
yep and because of tipping you've always got to carry lots of $1s and $5s, all the time everywhere.
They are also extremely dirty. I read that a vast majority of then are contaminated with class A drugs too.
On a trip to the US (I’m Australian) my husband gave a $10 tip on a $1 ice cream because all the US notes look the same.
as an Aussie who's also travelled to the US @@kimg9676 I found I ended up with an awful lot of dollar bills that I then needed to use up before leaving for home...they also thicken your wallet...though a whole heap of $1 bills is a lot lighter than the same amount in coins...
@@stuarthancock571 not something we have to worry about in Australia as we generally don't tip. Staff are paid decent wages and don't need to rely on tips. I hated shopping in the US being expected tp to tip and also having to add tax to the price. In Australia it is law that all pricing includes tax and tax does not differ by state, it is a federal tax.
The notes were originally made different sizes and colours decades ago for visually impaired people and to clearly distinguish the denominations. The raised dots for the blind today are an added feature. I have to say as a frequent visitor to the USA that having notes the same size and colour has cost me dearly. I once passed a $US100 note at a bar thinking it was $10. The staff said nothing and kept it as a tip. I discovered the error the next day.
that sound horrid! I grew up in Hong Kong and later moved to Australia, both places have very colourful notes, could not imagine using same colour notes!
@Hoa Tattis they may have - it's been a while since I was last there. It would be a positive step to help people avoid misidentifying them.
I did the exact same thing in Japan, with bills all the same colour in a hazy bar 10000 looks alot like 1000 yen
The different length and colours were also advantageous later as machines were updated to accept note payment, the lengths and colours mean different denominations could easily be accounted for allowing more flexibility in payment and too large a denomination etc could also be rejected by the machines.
was bored in biology class one day, so i pulled out the new 20 out of my wallet, looked up the details online and went through them with my mates, to my teachers annoyance lmao. i tend to take our cool notes for granted, but videos like this remind me that they’re actually pretty rad ^_^
I was a bank teller back in the days of paper notes and copper coins. More than one occasion I explained to tourists what the animals were on the coins and who the people were on the notes and their significance to Australia. My boss thought it a waste of time even if no-one else was waiting.
All the vids these guys make remind me of how great our country is, and how lucky we all are to live here. 😊🇦🇺
Australia also print currency for other countries using this style! Big money spinner!
The company that makes them is actually created and owned by the federal government too.
So money printer goes brrr is real for us Aussies then?
But that makes no sense. Why not print AUD directly?? :P
@Hoa Tattis whoosh
@@AsherWolfson Reserve banks are not owned by any goverments, including Australia.
$50 was our most counterfeited note thats why they jumped to it instead of 20
The $50 note is also our most circulated note especially since just about every ATM (if you can find one) will dispense $50 notes.
Which means that since people almost never use cash these days, if you ever do end up handling the cash at a pop up event or something, expect to be giving change for a _lot_ of $50s.
@@moony2703 Cash is still used quite frequently in Australia, i think you will find they didn't do it for that reason as $20 is the second most circulating note, luckily we have a good change system in australia.
@@troycoloretti9308 more $100 in circulation than any other, yet most people rarely if ever handle them.
@@Gnrnrvids Mainly because the $100 notes are generally not dispensed by ATMs, EXCEPT, as I understand it, at the casino ATMs
Our Aussie notes are really tough tough tough and so appreciated by us
As someone who is vision impaired and learned Braille in school the different sizes is used to identify the notes the coins also have different bevels on AUD to cents
I love the Aussie notes. Fantastic in every way.
Except for the fact I don't have enough of it in my wallet I agree 😉
@@alisonholland7531 😁😂
@@alisonholland7531 likewise.
Yes. That’s why Australia produces notes for 33 other Countries 😁
The different sized notes make it much easier to sort and select your notes in value order in wallets and bill folds.
nope. If you had your eyes shut you wouldn't know one from another. The COLOUR makes it easier to sort.
Automatic machines like ATMs and vending machines sort by size.
@@ryanager8029 so fucken what
I love that you can forget you have a note in your pocket when you throw your dax in the washer.
OR, when you finally go to wash a pair of pants that have been hiding in a pile and you discover a tener before it goes in the wash...mind you, it could of still gone through and still be usable..
@@grandmasmagic3858 money laundering
Chuckle @@suave-rider. Yup.
@@grandmasmagic3858 or when you find it stuck to the inside of the washing machine as you pull your clothes out, win 👍
The Australian dollar can through the wash and the dryer and still be absolutely fine. Great for putting cash in your swimmers and know it will still be ok
It can also go under a mower and come just fine.
Try putting them in a microwave. You get a miniature note. Totally useless after that...
David Ngunaitponi or David Unaipon used to be friends with Paddy and Elizabeth Monaghan (my great grandparents) in Kanmantoo South Australia. They first met when he went to work for CB & Harry Young. He used to stay and eat with the family and my family always called him Mr. Unaipon. My mother remembers polishing his shoes for him as payment for helping with her maths when she was in primary school at kan. The house Monaghan cottage still stands today, you can see it on the right when entering Kanmantoo from Nairne.
....David had a few patents, too.
Awesome bit of history
Fantastic history, thank you
I’m Australian. I agree that different sizes are helpful sorting in the wallet but also because in poor light it’s easy to mistake a 5 for a 50 and even confuse a 10 with a 100. I’ve had a few people accidentally pass me a $5 instead of a 50. But in normal light the colours obviously make it easy.
Yes and also the size difference makes the notes not sit flush making it faster and easier to identify and grab the desired denomination
American technology is substandard compared to Australia
I don't actually think it is actually that. It is just a strong scepticism Americans have of anything new even if it is obviously beneficial.
@@jgroenveld1268 more like if we don't invent it - it can't be a good idea
@@jgroenveld1268 Yeah anything new after the Mayflower landed. Your country still has way too many moronic puritans running around.
It would take 10yrs to cycle out the American notes to the notes made like Australia and other countries the amount of actual money it would take to do it would be phenomenal
@@braxlucky5718 ah yes, the excellent "it's really hard so we shouldn't even try" logic. Great stuff, always leads to huge progress
I got so confused in the US paying for stuff.
I’d open my wallet and be like “help! They all look the same!”
Me too! I kept just handing notes because the coins confused me just as much, and now I have a bag of American coins in a big purse still sitting around over a decade later.
Yep, same here - the receiver of my money would almost be rolling their eyes at how slow I was. This makes me think that we must count our money by colour - now there's a thought.
same
🤣 Yup, can confirm the $100 and $20 bills have been released and they are amazing. The different sizes makes it easier to separate bills when you have a pile. Stack them together and you can easily let the smaller denominations slip out without having to manually count through the whole stack. The bigger the value, the bigger the bill - much easier when you are in a line
I'm Australian & I remember one time in art class I got in trouble for creating a $9.99 note as a joke, as so many things are $9.99 or end in 99 cents. We had paper notes at that stage, I was that proud of it that I started giving copy's away to my friends. it was pretty obviously it wasn't real but I still got hauled into the principals office for a' please explain session ', it wasn't my 1st or last visit.
Changing the size of the notes stops you from changing a $5 into a $100. Same reason coins change size.
The size of the bank note means they're different weight, so bank note counters can also be more accurate by using the weight to figure out how many notes there are. That isn't the only use but that is a useful one.
AUD notes are easier to appreciate once you've used them a bit and then try to use something like USD. It's minor, but in the US I found myself wading through notes more, trying to find the right one. With the bright coloured Australian notes, it was always so much easier to whip out the right (combinations of) notes, and this carried to other unfamiliar foreign countries (i.e. I found VND easy to differentiate for the same reason as AUD).
But as per the video, everything is card now so I guess the advantages are becoming less meaningful.
When I was in the US in 2017 I was amazed how much you guys still use cash compared to us Aussies and at that stage I don’t even think PayWave (where you just tap your card) was a thing over there then but it was already massive here in Aus. Awesome video fellas!
So true, went on a trip to the US in 2017, only place on the entire trip to use paywave was a Square at a cafe at the Grand Canyon, so many places were a swipe, not even an insert
The different denominations are not just different lengths, they are also different thicknesses. These properties are closely mathematically linked. The video called *Australian Bank Notes are the Best in the World* from Stand-Up Maths explains it.
^Me pulling out notes from my wallet and exclaiming 'ah!'^
I'm so glad you chose this video to watch. Half asleep Chris makes brilliant videos.
Also as an Aussie, I absolutely love our money. The notes are just so beautiful and I'm proud of them. Also our coins are lovely too. My husband collects the $2 and $1 coins that are released every year with a colourful section. They're just so pretty.
When I was at uni I did a unit on scientific photography and when we were taking photos through a microscope I used an old $10 bill. The photos are absolutely amazing! Magnified you could see the words to Banjo Patterson's famous poem The Man from Snowy River. I was amazed and feel so blessed that someone took the time to produce something so truly Australian for all of us.
the size difference is for machines that accept notes.
Actually the original reason for the size difference was for the visually impaired and blind so they could tell the difference. Years ago people who dealt with money in business were taught to always ensure that when giving notes as change they stacked them smallest at the top to largest at the bottom. These days with the new notes and the tactile bumps it's a piece of by gone history.
Machines that accept note don't care about the size, you can only insert them one way, and that is length wise to the machine.
They were also different sizes back when they introduced decimal currency in 1966, and again in the 90s with polymer notes. Machines accepting notes is something that came later.
The notes are also waterproof and you can't tear them, nor can you screw them up. When folded for any length of time the fold has to be reversed to flatten it.
The notes are also all different lengths with 5$ being the shortest. Sight impaired people had a little card that slid into their purse that they folded a note over to check the size, so they knew what denomination it was before the braille.
I love our colourful money! You don't even have to look at the denomination, just the colour, to know what the note (bill) is worth. Saves time when you're counting your millions 🤣🤣 Also, our $1 and $2 notes were changed to gold coins in the 80s, to make them last longer.
Australian bank notes are really beautiful and so hard to counterfeit. It is interesting to look up the meaning of all the little things on the notes as you will learn a lot about Australian history etc.
As someone with great vision, it is still much easier having different size notes.
Although these days, I couldn't tell you the last time I used cash!
I think electronic banking does change how often you actually use the currency! But I enjoy using our colourful bank notes (I'm Australian) we even give them nicknames in true Aussie style! A lobster, and pineapple often reside in my wallet!
also a cabbage // cheers
Australia has now released the full new set.
I have been in possession of them all in the last 2 months
Let's not forget that Australia has tried to show equal representation of women and men on their notes. They also feature prominent indigenous Australians now rather than a generic representation of our first nation's people.
@@gillianwatt7421 yep.
We even have nicknames for our notes. the 50 is a pineapple because it's a yellowish colour like pineapple. The old $100 was grey so we called it the Grey Nurse after the Shark of the same name. Most. other bills have a nickname as well. I was in Hawaii and spent my first few days at a Golf Resort and I did have at least one of each of our notes in my possession and when I showed these to the Americans in the bar, they just said "Wow, what a great idea, different colours and different sizes for each of our notes. This video shows the $1 note and along with the $2 note (green) no longer exists and we now have a gold coloured $1 and $2 coin. The newer $100 is green and I think some people call it the "Turtle" but I haven't seen the very latest $100 note. Not that I've actually had too many $100 notes ever. Most ATM machine dish out $20s and $50s.
As an Aussie I love the Australian notes!
If I had millions of them it wouldn't be enough!
I think Aussie dollar hovers around $0.75US - although in the last few years it did reach parity (and even exceed it) at one point - possibly during the recovery from the GFC.
Recently learnt the notes have nicknames in some parts too (although I'd only heard the $20 and $50):
$5: Prawn/Piglet/Rasher/Pink Lady
$10: Blue Swimmer (Crab)/Blue Heeler
$20: Lobster
$50: Pineapple
$100: Avocado/WaterMelon/Peppermint/Granny Smith/Frog
Old Paper $100 (which was Grey not Green): Grey Nurse (Shark)/Ghost
O.75 is where the AUD often settles. Back in the day, the Australian Pound was worth 20 shillings. With decimal currency in 1966, the dollar was calibrated against ten shillings.
Oh, and the first run of the "new" $50 had a misprint in the microprint behind Edith Cowan.
I’d imagine they’d be worth a fair amount depending how many were put into circulation. Could be worth a couple hundred or something 🤷🏼♂️
My favorite use for plastic notes is, my colleague told me he can put them in your wet suite when surfing then he had cash on him for breakfast after his surf. The notes are flexible and waterproof so you wouldn't even notice it there when surfing, try doing the same with a credit card and you get bruised, or even cut and sometime the card would be broken.
Best thing about Aussie paper money? You can forget to take it out of your pockets, and it will come out of the washing machine still useable as cash, rather than disintegrating.
Technically there hasn't been Aussie paper money since the 1980's.....
@@Gnrnrvids yes well, It’s hard to type in air quotes isn’t it? It’s still described (however erroneously) as paper money anyway.
@@megandunnett7900 you mean"air quotes"..... Not in australia is it called paper money, just notes.
@@Gnrnrvids others call it paper money though, ….
😂and yes I mean “air quotes” not everyone gets them though and it is kinda hard to find the quotation marks on a physical keyboard when you’re typing in dark mode at around midnight with the lights off okay?
@@megandunnett7900 I accept your reasoning for finding the " mark symbol to be difficult to find in the dark as a user of a Logitech G910 keyboard where for some reason Logitech thought it would be a good idea to not light up the shift functions of the keys on the keyboard.
I worked in the States for UCSD . I remember how careful l had to be when paying for things because l was so use to going by colour to grab a note. I also wish we (Canada) didnt do away with the $1 & $2 notes (Canada), in Australia (current home) $20 in $2 coins is quite heavy in the pocket.
I agree - I wish (in Oz) we now had one and two dollar notes.
My Mum's bag always weighs a stack with her standard 50 worth of dollar coins for her occasional pokies trips.
I have to say that as much as I like having Banjo on a note, I think the first $10 note design was superior. Just something about it.
For those who came later, the end of the paper $1 note also ended the tradition of "Kangaroo Races". The notes had a metal strip in them as security and the reverse of the note had a Kangaroo in the centre. The position of the strip wasn't constant and so when held up to the light the strip acted as a "Finish Line" for the race. The person whose Kangaroo was furthest over the line was the winner and won the other persons dollar note.
Have a good currency there fellas. Yes best in the world in many ways. Polymer,design,colour. The Australian dollar is worth less than the $US. $A1 is US73c (today 19th July 21) or $A1.37 equals $US1.
Different sizes help the blind as well as the braille.
Yes currency is less used now especially with tap and go up $200.
Polymer helps when one goes through the wash too.
The ink on the notes are also raised. The higher value notes are more coarse/rough surfaced and the $5 note feels more like paper
A cool thing about our notes is there's fine print behind/surrounding the featured Aussie, usually of that note's value - 'Fifty Dollars', etc. If I remember, the older $10 has lines from one of Banjo Patterson's poems behind him, I'm assuming from 'The Man From Snowy River', since that's what's also featured on both the old and new note along with him. I thought it was really weird that we released the new $50 before the $20, but we have finally got the new set now.
On the old 10 dollar note on the Poet side the if you used a magnifying glass you could see that the background was made of the lyrics of the song Waltzing Matilda which is written by the Man (Banjo Paterson) who is on that note
One thing they dont mention about the newest generation of Aussie notes is that the clear band entirely through the note messed up vending machines everywhere. They didnt like the clear section and refused to recognize the cash. Used to shht me when i went to the local vending machine at work and it kept spitting the note out. It was like it thought the note was damaged, like the bill had been torn in half when it was really failing to recognize the clear patch. It apparently also cost several hundred dollars per machine to correct. Oh yes, it also messed up at the self serve checkouts at the supermarkets as well. Imagine having to pay $600 bucks for each machine, and you have dozens at your shop, just because they upgraded the style of the currency
I do like the notes, but it seemed like they didnt think things through, or were happy to pass costs on to businesses to upgrade their machines
90% of Australian people live on or near the coast. The best thing is that you can put your notes into your boardshorts pocket and swim and it doesn't wreck your money. You just wipe it off, when wet, and spend it to buy your lunch... No need for a wallet that can be left on a beach and be pinched...
When you look at the length of serviceable circulation time plastic notes are much cheaper than paper notes.
I’m Australian, and one of the traits of these notes as an anti-counterfeiting measure was that only legitimate notes would bounce (mostly) back into shape if scrunched up, compared to fakes.
Years ago 1987 in Melbourne met a Naval reserve officer who worked for Smith's (chips) and he told about trials of plastic notes that Smith's had done for the Australian Mint. They had been going on for a few years testing the plastic used for chip packets obviously the did use exactly that plastic but it was a starting point.
10:25 nah different sizes is good for people who can see aswell. Imagine reaching into your wallet you can easily tell the note size.
This is why they are different colours aswell so its easy to tell at a glance.
Fun fact. Have a look at the intricate lines and patterns that cover these notes. They ALL have another (unmentioned) feature to prevent counterfeiting (and to check if your note is legitimate). ALL Australian notes line up PERFECTLY when you form them into a tube. If you roll both ends together, all the patterns, lines and colors line up perfectly. This happens if you roll it face up, face down, sideways or lengthwise. (Aussies - seriously...try it now...ANY polymer note, roll it into a tube and look CLOSELY at where they join up. Then turn it over and join it up again. Perfect. Then roll it lengthwise, try it again, both sides). Bet you didn't know that.
The different sizes of the notes are because our auto machines for food and bank teller can tell the denomination due to the size of the note.
They brought out the 50 before the 20 due to a lot of counterfeit 50s around the place. Every time a older 50 is banked it is checked extensively then put back into circulation if it passed there check. Also a lot of businesses have a machine that can help them pick up counterfeit notes now.
FYI, the guy on the $100, Sir John Monash (also the name of a Uni I worked at, Monash University)
Australians and Americans first fought together in WWI, under unified command at the Battle of Hamel in France in July, 1918 under Australian General John Monash. American units served under Australian Command. The Battle was the beginning of the first 100 Years of Mateship.
the size i think is more for vending machines to detect ..same as coins have different sizes
Vending machines actually scan it etc
The whole idea with the Euro was you no longer got stiffed at the exchange when you went from country to country. Each country printed its own design, but a French 10 euro note was still worth 10 euro in Germany or Italy.
The UK didn’t join because of a misguided belief of English superiority and exceptionalism. - aided by years of the Tory supporting supporting press printing disingenuous, disinformation about the EU.
This has eventually lead to Brexit which is rapidly seeing the UK becoming the sick man of Europe again, just as it was in The 1970’s. This is only hastening the end of the UK/GB and will see Scotland become independent, Ireland re-united, and Wales probably becoming autonomous if not fully independent as well.
All this to keep the pound sterling, miles per hour and pints of milk.
If you work in retail the different sized notes are handy. Assuming you don't already have them sorted in the till. You just create one big stack. Tap the sides so it is even, the take the biggest ones in one hit. Most of the hundreds are easy to slide out of the stack, then 50;s then 20's etc. You still need to count them into piles of 10, but it saves time.
I find it easier to sort the notes by both the colours and different sizes. They separate into the different sizes quickly.
FYI Note Printing Australia, a wholly owned subsidiary of the Reserve Bank of Australia, produces banknotes for the following countries: Australia, Bangladesh, Brunei, Chile, Indonesia, Kuwait, Malaysia, Mexico, Nepal, New Zealand, Papua New Guinea, Romania, Samoa, Singapore, Solomon Islands, Sri Lanka, Thailand, Vanuatu & Vietnam.
Actually, the Australian paper notes were not easy to fake, as there used to be an aluminium strip 1millimetre thick between the two extremely thin layers of paper. Whe they were faked there was never the aluminium strip, and most people got jailed for counterfeiting if the shopkeeper called the Police, those that didn't just got banned from that ever shop they tried to use it at.
It's easier to go out drinking with Australian money because when you are drunk you just know what note you need based on the colour.
HI
The first notes were polymer plastic, then the next lot had the hologram logo and the small clear piece, some forgery cut holes but they were paper copies.
We use all denominations, but in day to day life you use eftpos at the supermarket / petrol station and basically any shop where you spend more than say $50
The size difference is important, with a stack of notes, you can quickly place then on edge long side then short side and they are in squared up, then you sort by colours quickly, i worked in admin in the markets and retail and you can quickly sort of the money by squaring them up then quickly sort by colour, cashiers who may drop a till or place all the funds in a bag without elastic bands can be quite fast in sorting and batching in lots of 10/100
Any given time in my wallet i will have less than $100, typically 20-60 , eftpos or tap and go is the main method, i only use notes or coins at say a small bread / cake shop or say buying a single item at a store eg drinks or a sandwich / cake
Fraud, well it is minimized not totally eradicated, in summer the notes can sweat and stick together badly, they are then also slippery between your fingers and you have to be careful not to hand over 2 notes stuck together
The colour of the notes helps young and elderly also people wit bad maths skills, at a shop you will often hear people giving advise on give a orange note or red one ( $20 or $5 )
Coins hardly use them, they collect in the car console, i do a clean up every few months and place them in a jar, the local cake shop cashed them in for me as they often get notes and hand out change.
Oh one blind person told me once, even with paper notes many years ago, that when he gets change he asks the cashier to hand him notes in a certain order say 50 is open, 20 is folded and placed to the left of the wallet, 10 i folder in half and placed to the right and the last 5 is placed in the wallet normal like the 50 but as they are about 15-20% smaller in size they can tell what is large and small
Regards
George
I watched a documentary about counterfeiting of the US bill, the most counterfeited and arguably the easiest. For instance, they discovered an underground printing machine in Columbia that had been operating for 7 years non stop. The American government have been reluctant to properly change and secure their bills because of the costs involved. That printing press was pumping out rows of bills of whatever denomination as fast as the eye could see.
I have traveled to many parts of the world for work or holidays I might be biased as I'm a Australian but our new notes are the best I have seen and there plastic so very durable.
G,day boys, l have sold many of our new bank notes to collectors overseas for many times their face value as world collectors love these note for there colour, cheers.
Worth noting for folks who haven't spend much time in Australia that it seems to be fairly rare to see or hold a $100 note. The overwhelming majority of ATMs here only dispense $20s and $50s. When I was younger they also dispensed $10s. If you went into a bank branch and withdrew a bunch of cash you could ask the teller for $100s though - I've done this when buying cars with cash to make the carrying and counting easier - and the ATMs at casinos generally dispense $100s also.
When living in the USA I was laughed at for calling the bills notes. When I showed them the inscription on the bills it says something like "this Note is legal tender in the USA". When and why did they start being called bills? It would be interesting to know. Also the plastic Aussie notes are great at the beach. You can swim with them in your pocket and they don't get destroyed by water or when left in pockets during washing.
You must have been in a weird part of America coz I've always known Americans to call them both bills and notes
@@random4969 North Carolina.
The sizing of the Australian dollar notes is different to help the blind distinguish each denomination in conjunction with the Braille dots. The new $20 and $100 notes have gone into circulation...but are still pretty rare...we still have a lot of the old designs in circulation - i even have some of them in my wallet :)
Pretty sure the main reason they're different in length is because it makes them easier for note acceptors to sort. Think vending machines, self-serve check-outs, atms, etc.
The reason the 20 note was released last is because it's the most commonly counterfeited note so prolonged the release
if you have a vinyl turn table, while it's turning you can use the corner of an Australian note and hear the music from it. I tried it once to see if it was true, and it was.
Spent 3 years upgrading cash handling equipment during the new aussie notes introduction.Each note came out 1 per year at the start.Some equipment only needed software updates But some needed physical changes to sensors etc due to the clear strip.The customers had to pay each year for the equipment update to be able to handle the new notes as well as the old that stayed in circulation.
the most seen dollar notes are the 5, 10, 20, 50, if you ever get a 100 you are lucky
There were a lot of counterfeit $50 notes around so they skipped the $20 and updated the $50 while pulling all of the old ones from circulation. All of the notes have been updated now from $5 to $100.
Dudes, you missed the most quirky feature of Aussie notes. Take a fiver, probably any note, put it in a record groove on a turn-table, and the note will play the music. It will not be loud nor have great depth, but you will hear the music from the vibration of the note. You guys should try it.
Cash is Australia is still handy. When the big fires took out large number of towers and destroyed cables, cash was the only way to pay in those regions.
Innovia creates the polymer substrate and Securency applies the special coatings and security features to the film. Securely is a partnership set up between the Reverse Bank of Australia and Innovia. About 90% of Securency's output is for export and it is a big money-spinner (pun intended). Note Printing Australia (NPA) produces the currency for about 20 countries.
When I open my wallet these notes are super easy to identify because of the colour coding, the polymer is high quality and the notes impossible to tear unless you're using scissors or a knife. Proudly invented in my country by the Reserve Bank of Australia (RBA), Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the University of Melbourne.
Added bonus if you accidently put any of the notes through the wash they are waterproof. We have a one dollar and two dollar coin if you were wondering where the one and two dollar note were.
Wow - I'm Australian, and even I didn't know all that stuff about our money!
The original $5 notes you could scratch the ink off- occasionally I saw one with the Queen's mouth erased and a big teethy grin drawn on with a biro. First one I saw I laughed for 5 minutes it looked so funny. He didn't mention the cockatoo in the clear panel flaps its wings with movement of the note. Pretty cool.
if you look at the old ten dollar note on the side of Banjo Patterson with a magnifying glass you can read The Man From Snowy River
If you present a lot of Australian money to a bank teller, the money is weighed and not physically counted. The plastic notes are hard to count as they are slightly stiff, unlike the US$ which are easier to flip through. The value of the note coincides with its weight, which is why the higher value of the note has a heavier weight, either by thickness or size. That is one reason for each note being a different size, they are weighed at the bank not flip counted.
Also if you roll the notes and line the edges up, the pattern matches too.
2:26 American bills are not made of paper.They are a mix of linen and cotton.
The coloured notes also just make it easier when looking into your wallet. You don't have to look at the number on it necessarily because you know what colour each note amount is.
They also don't tear easy.
We do have the $50s and $100s now, although the 100s were delayed a little. All still awesome.
Another interesting fact, the early polymer notes could be shrunk down in the oven to a miniature version, until the first polymer 50 or 100 design was released.
Roumor was the polymer was changed a little so it didn't shrink down as neatly and degraded more.
Glad you enjoyed our Aussie dollar
Aussie dollars go through the washer and dryer. I went to the laundromat once and saw 2 pineapples ($50 bills) sucker stuck to the inside of the dryer door!
Fun fact. We call our $5 note a prawn, $10 a blue heeler, $20 a lobster, as mentioned $50 a pineapple, and $100 an avocado (also called a granny smith). All named for their colours.
$5 has been called the Pink Lady, $10 a bluey, $50 used to be something less than politically correct, but I'll go a pineapple, the $100 used to be called a blizzard because of Mawson on the back.
Nicknames we have for our notes, $5.00 a Echinacea, $10.00 = Blue Tounge, $20.00 Redback, $50 Pineapple, $ 100.00 Turtle. Yes i do actually say that. So when i ask my dad for $10 or $20 i say dad can i loan a Redback ($20) and he knows what I mean. Lots of people around my area say these words.
I am Australia. The Australia $0.7343 to US $ 1.00. We have a project in Qld it has 2250m2 PV and 4MW Tesla Batteries and as well as well three prefabricated passive house CLT building.
They are very slippery the new notes but better for wear and tear (we also make them for other countries). We have also discarded the $2 and $1 notes and put them in to a coins, and have removed the 1 & 2 cent pieces so our lowest denomination now is 5 cents and our highest is $100.00.
I can't remember the last time I saw a note. I've been using plastic for over forty years here in Oz and haven't even seen a one hundred dollar or a one dollar note in all that time. I can't even remember when our one and two dollar notes disappeared.