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New $5 note receives thumbs up

AAP logoAAP 31/08/2016 Simone Ziaziaris

Numismatists have been eager to get their hands on the new $5 note, the first of the next generation series released into circulation by the Reserve Bank of Australia.

People queued up at the bank in Sydney's CBD on Thursday to collect the crisp new note with its vibrant pink design, which is more tactile and has upgraded security features.

Collector Krishna Vanapalli, who has around 1000 notes and coins of vintage Australian pounds and pennies, arrived early at the RBA to see the new note for himself.

"I started collecting notes and coins ... and this is the first time that I have seen a note released so I had to come and get it," Mr Vanapalli told AAP.

"I've been keeping my eye on this one for a long time and now I have finally got it."

The numismatist said he liked the tactile feature, which was added to help those who are blind or vision impaired distinguish between each banknote denomination.

"It is the first time they have made a note easy for blind people and that is a really good thing," he said.

An RBA employee described the note as "incredibly pretty" and was impressed by its new security features.

"I like the strip in the middle, I think it is incredibly pretty and the security feature too," she said.

While the colour, size and people portrayed on each note remain the same, the new series features the Prickly Moses wattle and the Eastern Spinebill and also includes a clear, top-to-bottom window and a number of dynamic elements that change as the banknote is tilted.

The "world-first" security measure will help prevent counterfeiting into the future, the RBA said in a statement on Thursday.

The $5 note is the first in the new series to be released, with other upgraded denominations set to follow.

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