Australian bank notes will cease production for the first time in more than 100 years, as workers in Melbourne walk off the job for 24 hours over a pay dispute.

The Australian Manufacturing Workers’ Union says the Reserve Bank of Australia is lecturing business and the public sector to lift wages, but refuses to give its own workers a decent pay rise.

‘An unprecedented strike by workers at Note Printing Australia (NPA) will be the first time the printing of Australian banknotes has been interrupted by industrial action in 107 years,’ AMWU regional secretary, print division Tony Piccolo said in a statement on Friday.