newly designed or new design

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ansonguy

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Korean
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South Korea
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I am going to make up two similar sentences.

(1) The newly designed banknote is colorful.

(2) The new design banknote is colorful.


Which one is grammatically correct? Thanks for your help.
 
Newly-designed is an adjective and should have a hyphen. However, you will frequently see hyphens where they don’t belong, and missing ones where they do.
 
I would change 2 to "The new banknote design is colorful."
 
(2) could also be changed to "The new design of the banknote is colorful".
 
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