The dealing and collecting of high end and rare coins is a booming industry in Australia, and an expert in the field has revealed some of the most valuable numismatics in circulation. Director of Imperial Coins Scott Waterman said while there is a growing number of Aussies hunting for coinsContinue Reading
Rates of Australians hoarding physical cash has grown since the Covid pandemic, with estimates about $56bn to $81bn worth of notes are stowed away by households. Analysis released in the Reserve Bank of Australia’s January bulletin found the “falling transaction use” of bank notes” despite “strong banknote demand” suggested theContinue Reading
Australia could be just years away from a cashless society, with disadvantaged and older Aussies expected to feel much of the burden. Sarah Wells, a finance and money commentator, has predicted Australia will ditch the bank notes and loose change in the next three to five years, with the country’sContinue Reading
Philip Lowe has deflected the blame after it was revealed the Royal Family were not given a heads up they were to be booted from the $5 note in favour of an indigenous design. Paul Singer, the Governor-General’s secretary, told a senate estimates hearing on Monday that his office firstContinue Reading
A decision to scrap the monarch from the $5 note was not run by the King’s representative in Canberra before it was publicly announced. Paul Singer, the Governor-General’s secretary, told a senate estimates hearing on Monday that he was surprised that Government House was not told of the change aheadContinue Reading
Australia’s $5 note is set to undergo a royal redesign following the decision to dump King Charles III from the legal tender. The British head of state will be replaced with a new design which “honours the culture and history of the First Australians“, the Reserve Bank confirmed on Thursday.Continue Reading
New banknotes carrying the portrait of King Charles have been unveiled for the first time today. The image of the new Monarch will replace the face of his late mother, Queen Elizabeth II, on the £5, £10, £20 and £50 notes, The Sun reports. Current banknotes with the Queen’s portraitContinue Reading