Australia's banknotes to bear new signature as Michele Bullock takes RBA helm

2023-09-19 02:27:13  • 2 mins

A subtle yet significant change is set to appear on Australian banknotes as Michele Bullock assumes her role as the new Governor of the Reserve Bank of Australia (RBA). As of Tuesday, September 19, 2023, Bullock's signature will replace that of former governor Philip Lowe on all newly printed banknotes.

Bullock officially took over the reins from Lowe on Monday, making her the first woman and ninth person overall to head the RBA. The governor's signature has been a feature on every Australian banknote since 1989, changing only a handful of times.

Banknotes printed from this week will bear Bullock's signature in the bottom corner, alongside that of the Secretary to the Treasury. However, as the Reserve Bank maintains a stock of notes for release into circulation based on demand, notes featuring Lowe's (NYSE:LOW) signature will continue to circulate until exhausted.

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