We are currently undertaking a major upgrade of our notes to protect against counterfeiters. All up, there are 1.6 billion individual banknotes on issue – that's an average of around 65 notes for each of the 25 million people in Australia.
Conducting monetary policy in the present economic environment is a considerable challenge for the BSP. The continued rise in inflation during the last few months has led to public concern over its likely effects on both the public’s purchasing power and economic activity.