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RBA Glossary definition for NQRS

NQRS – Note Quality Reward Scheme

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9 Jun 2023
A glossary of terms used on the RBA website

Banknote Quality in Australia

10 Jun 2012 Bulletin – June 2012
Arianna Cowling and Monica Howlett
For these reasons, in 2006 the Bank introduced the Note Quality Reward Scheme (NQRS). ... Private sector participants in the NQRS are the CITs and the main commercial banks.

Banknote Quality in Australia

20 Jun 2012 Bulletin PDF 945KB
Reserve Bank of Australia Bulletin June Quarter 2012


16 Oct 2013 RBA Annual Report – 2013
A major contribution to the Reserve Bank achieving this objective comes from the Note Quality Reward Scheme (NQRS). ... Under the NQRS, the Bank provides incentives for commercial banks and cash-in-transit companies to remove unfit banknotes from

Proposed merger between Armaguard and Prosegur – October 2022 | Responses and Options Paper

24 May 2023 Submissions
to remove poor-quality banknotes from circulation, including the Note Quality Reward Scheme (NQRS) (RBA 2022c, pp 12–13). ... for quality sorting under the NQRS to assist the industry to invest in new or upgraded equipment that is capable of quality

Business Services

31 Aug 2007 RBA Annual Report – 2007
The arrangements with the commercial banks and armoured car companies were further enhanced in September 2006 with the introduction of the Note Quality Reward Scheme (NQRS). ... The Reserve Bank established the NQRS with commercial banks in September

Reserve Bank of Australia Annual Report 2013 - Currency

22 Oct 2013 RBA Annual Report 2013 PDF 1188KB

Review of Banknote Distribution Arrangements: Conclusions Paper

24 Aug 2022 Media Releases
The Reserve Bank has concluded its Review of Banknote Distribution Arrangements. Today, it has released a Conclusions Paper setting out various changes that seek to ensure that banknote distribution is effective, efficient, sustainable and resilient


24 Oct 2016 RBA Annual Report – 2016
Note Printing Australia Limited. NPP. New Payments Platform. NQRS. Note Quality Reward Scheme.

Reserve Bank of Australia Annual Report 2016 - Abbreviations

7 Oct 2016 RBA Annual Report 2016 PDF 131KB