Information Releases: Banknote design process

This information, relating to banknote design, has been released in response to requests for information under the Official Information Act 1982 (the Act).

A general explanation about what is involved in designing and printing banknotes is available on our banknotes page and in this Bulletin (PDF 442KB) article.




May 2013

Request for Tender (RFT). This was issued to companies who expressed an interest in participating via the Request for Information posted to the Government Electronic Tender Service (GETS) in June 2012.

RBNZ Request for Tender – Series Seven Banknote Upgrade – May 2013

3 September 2013

Evaluation Process. This document explains the scoring criteria and decision-making process adopted by the Bank in assessing the banknote designs.

Banknote Upgrade Steering Committee Memorandum – Request for tender – Evaluation process V2 – 3 September 2013

9 November 2011

This paper outlines some of the design decisions which contributed to information in the Request for Tender.

Broad Design Decisions

3 February 2011

This document recommends the commencement of the project to upgrade New Zealand's banknotes.

Bank Note Upgrade - February 2011

2 November 2009

This paper includes information about the proposed project to upgrade New Zealand's banknotes.

Annual Currency Function Update - Outputs and Future Initiatives - November 2009

24 July 2009

This information was prepared before the project to upgrade New Zealand's banknotes was launched.

Bank note security features upgrade proposal

Some information has been withheld from these documents. Where this has occurred, the specific section of the Act permitting the Reserve Bank to withhold information is noted in the document. Information has been withheld under the following provisions of the Act:

  • s9(2)(ba) - to protect information that is subject to an obligation of confidence
  • s9(2)(ba)(i) - to protect information that is subject to an obligation of confidence where release would be likely to prejudice the supply of information
  • s6(c) – making the information available would likely prejudice the maintenance of the law, including the prevention, investigation, and detection of offences, and the right to a fair trial