Are New Bank Notes Around The World Going To Be Made Of Polymer?

Posted By on September 12, 2013

“Wise Dog” sources say the new normal in money has started a change from paper to plastic!  The reason being that after initial increased costs, the extra durability of the notes would mean they would last longer.  Canada has already adopted the polymer banknote because it’s cheaper to issue then paper notes.

Other countries paying with plastic include:

  • Australia was the first to issue polymer notes, in 1988
  • Countries including New Zealand. Mexico, Singapore, Fiji and then Canada followed suit
  • Mauritius started issuing the notes in August
  • “The Bank of England has said it would print notes on polymer only if we were persuaded that the public would continue to have confidence in, and be comfortable with, our notes,”

Wise Dog

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