To create two banknotes to be put into circulation. Either create a new value of choice or stick with the current values ($5, $10, $20, $50 or $100). Also, keep in mind the 8 characteristics of good currency:
- Generally accepted
- Durable
- Divisible
- Stable/ consistent
- Transportable
- Scarce
- Easily Recognisable
- Difficult to counterfeit
The money must be relevant to New Zealand, Christchurch or Hornby High School, and feature image or images that are important to that specific place.
Here is the currency that I made.
After designing the banknotes, I had to create an annotated diagram featuring one of the notes.
Next, we had to write a paragraph explaining how the currency meets at least five of eight criteria for good currency.
One of the two banknotes that I designed was the $200 note. It is made of a thin type of plastic called "polymer", a note is waterproof and difficult to tear. As a result, these notes are durable and transportable. Both $200 and $300 are easily divisible. Polymer banknotes include many security features not accessible in paper notes. Polymer notes are more environmentally friendly than paper notes because they last more and can be recycled when they reach the end of their life in circulation. Both notes are polymer and use raised ink, these features make them difficult to counterfeit. On both notes, it is stated that there is legal tender in New Zealand. This makes them generally accepted and easily recognisable. While the money is controlled responsibility by the government, the banknotes stay scarce. The value of the money doesn't vary, it stays the same, making it a stable and consistent currency.
