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Yet, at the same time, inflation rates in most advanced economies remain below target.

"Having to rely on other people or a device to identify bank notes just isn't the kind of independence and participation in community life that leads to dignity, equality and inclusion." The existing note will be progressively withdrawn from circulation in Australia.

The Reserve Bank of Australia Archives aims to ensure that valuable Reserve Bank records are preserved for both official and public use.

Records held in the Archives document the Bank's corporate memory and include information on our origins, functions and operations.

'It is such an honour that Dad is being considered to be remembered forever on Australian currency.

His legacy will continue to inspire us all, he truly changed the world,' she told News Corp Australia.