NZ banknotes in line for upgrade

File photo

Reserve Bank governor Alan Bollard will launch a project to upgrade New Zealand's banknotes this Thursday.

Bollard and RBNZ head of currency Alan Boaden will hold a press conference on Thursday to discuss the upgrade, which will include a review of the material of the notes, and anti-fraud features.

It is understood the Reserve Bank is not considering changes to the famous New Zealanders who appear on the bank notes.

- INTEREST.CO.NZ