![]() 'They'd turn out the lights': Harry Styles FURIOUSLY reprimands producer Kid Harpoon after he makes bizarre joke about Maya Jama and Stormzy's sex life 'They were enjoying a good catch up': Ellie Goulding chats for 'ages' with ex Greg James at the BRITs - 11 years after their split He said another four to eight per cent of banknotes in circulation were used to in transactions that avoided tax, or were used to buy illegal goods such as drugs and weapons.Īnother five to ten per cent is 'either simply lost, maybe at the beach, or destroyed, perhaps in a natural disaster'. ![]() ![]() 'It also appears that between half and three-quarters are held as a store of value in safes, under beds and at the back of cupboards, both here in Australia and elsewhere around the world.' It is hard to know exactly,' Dr Lowe said. 'At the RBA, we have recently undertaken some work to understand the whereabouts of all these banknotes. Last year, economist Governor Philip Lowe revealed that more than half Australia's banknotes are stored in peoples homes and only a fraction are in circulation. The serial number on a $20 began with DD19 because it was printed in 2019, and the number on a $5 note started with CI16 because it was printed in 2016Īccording to the Reserve Bank of Australia, banknotes are printed on a demand basis - replacing notes that have been damaged.
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