Reserve Bank of Australia Annual Report – 1961 Note Issue Department

Notes in circulation at 30th June, 1961, totalled £416 million, representing a net decrease over the year of £3 million, in contrast to the unusually large increase of £27 million during the previous year. The levelling out of circulation in the current year reflected a reduced public demand for additional notes for transaction and liquidity requirements.

The movement in note circulation in recent years is shown by the following figures.

Notes and Stamp Printing

As well as meeting Australia's note requirements, the Bank through its Note Printing Branch undertakes other security printing, mainly on behalf of the Commonwealth Government. The extent of the Branch's activities is illustrated by the following table which sets out a number of the major items of security printing produced in recent years.