Upgrading Australia's Banknotes
The first denomination in the new series, the $5 banknote, was issued on 1 September 2016. The $10 banknote was issued on 20 September 2017, and the new $50 banknote is expected to enter circulation in October 2018. The new $20 banknote is expected to be issued in 2019 and the new $100 banknote in 2020.
Currency processing solutions support polymer notes
Retail, banking, soft skins, gaming establishments and other cash intensive businesses across Australia have needed currency processing equipment with the ability to efficiently and effectively process the polymer bills.
Part of the suppliers committee for the Reserve Bank of Australia and leading innovator and provider of coin and currency handling solutions, we made sure our equipment was ready to accept polymer currency.
Multiple equipment options for polymer cash processing
For organizations that are ready to replace equipment, the JetScan®and JetCount family of currency scanner machines can count and denominate up to 1,000 bills per minute. In addition, the JetScan models have advanced counterfeit detection sensors, including infra-red technology.
Additionally, customers that have existing equipment can easily upgrade their solution in order to begin accepting polymer money and extend the life of existing equipment.
The makeup of the new cash is plastic, which creates a significant amount of static as they go through the counting process in these type of machines, and the drier the climate, the more the static issue becomes. Under these conditions, the polymer bills have a greater tendency to stick together – potentially creating count errors. In addition, as the money goes through the machines to the stacker or cassettes, the static creates a situation where the polymer bills may literally “float” in the air and therefore, not settle properly.
We suggests to customers that a count room be kept at an average of 50-70 percent relative humidity. The combination of better humidity control and the insertion of the anti-static technology has resolved these static issues.
It’s imperative that your processing equipment is future ready; that doesn’t necessarily mean you have to invest in a new piece of equipment. Customers can turn to us and our breadth of currency processing solutions that are upgradeable, maintain high speeds and offer the most advanced counterfeiting detection features.