This Dec 2016 article by Matthew Wright in Reserve Bank of New Zealand Bulletin is a breezy read.
The Series 7 banknotes, introduced from late 2015, represented the first major re-design of New Zealand’s banknotes since the early 1990s. Although the selection of people, places, birds and other pictorial themes remained largely unchanged from the earlier Series 5 and 6 notes, the specific imagery was updated and full advantage taken of modern printing techniques to increase the reproduction fidelity. Some of the new security features, such as the ‘Spark Live’ bird image and the holographic window, are themselves of significant aesthetic appeal.
Indeed! Stunning pictures of banknotes can be seen here as well.
India’s central bank should take a cue. It should publish variety of research and not the usual boring type on inflation and growth..