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Wednesday, 28 April 1965

Senator HENTY - The Acting Treasurer has supplied the following answer to the honorable senator's question -

Adequate stocks of dollar notes will be available for issue by the time of the changeover to decimal currency on 14th February 1966. If the dollar notes with the approved new designs cannot be produced in sufficient quantity by that time, notes of the current series will be made available with all references to £s.d. amounts replaced by the dollar equivalents.

In order to provide adequate printing capacity to produce notes of the new designs, the Reserve Bank is installing five new printing presses. Three of these presses were constructed in Australia and are already in operation, and the testing of the two of overseas origin is now nearing completion.

As soon as the new machines are operating satisfactorily - possibly in a few weeks' time - the Reserve Bank will be able to state definitely which series of dollar notes will be issued on C-day.

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