A watermark appears as various shades of lightness and darkness when viewed by transmitted light, caused by thickness or density variations in the paper.
2003 and 1998 Issues The watermark image on the 2003 and 1998 issues of the $100 and $50 banknotes is the “Jaguar,” while the “Sleeping Giant” appears on the $20, $10, $5 and $2 banknotes. Denominational Electrotype Each 2003 banknote now has a denominational electrotype that is incorporated into the notepaper and appears under the watermark. The value of each denomination is in letters under the watermark and can be seen when held up to the light. If the genuine paper is chemically washed and the image of a higher denomination is printed on it, the correct value of the banknote that is embedded in the paper can still be seen.
1990 Issue The watermark image on the 1990 issue is the “Sleeping Giant.”
View currency with the watermark security feature:
2003 Family of Banknotes
1998 Family of Banknotes
1990 Family of Banknotes