Carding Forum
Professional
The world's first polymer banknotes were launched over thirty years ago
10 lb. polymer
The service life of polymer bills (5 years) is several times longer than the life cycle of paper money. Plastic makes bills more durable by repelling water and dirt. And also protecting banknotes from damage. The editors even conducted a crash test to make sure of this.
The first polymer money appeared 30 years ago. And now plastic money is in circulation in fifty countries, covering the entire banknote line, or part of it. Last year, for example, the UK unveiled a new polymer £ 50 bill.
Editorial PaySpace Magazine compiled a list of States that have already fully switched to a polymeric cash.
Australia
Australia became the first country to print thin plastic banknotes in 1988. The issue was dedicated to the bicentennial of the European settlement of Australia. Currently, all Australian dollar bills (5, 10, 20, 50, 100) are made from polymer. Moreover, over 30 years of experimentation, the Reserve Bank has come to a new format for money - animation has appeared on polymer banknotes.
Papua New Guinea
The national currency of Papua New Guinea, kina, has been printed on plastic since 1991. By 2008, all bills in the country had become polymer - 2, 5, 10, 20, 50 and 100 kins. Until 2014, the population could pay with paper money. But today old money is no longer a legal payment instrument.
New Zealand
Thin plastic has been used to make the New Zealand dollar since 1999. Since then, the design of polymer money has changed, becoming increasingly inaccessible to counterfeiters. In 2015, the Reserve Bank of New Zealand launched a new series of notes - the so-called "bright money". The banknote from this series in denomination of $ 5 has already received the title of the best banknote of 2015. There are plastic 5, 10, 20, 50 and 100 dollars in circulation.
Romania
Romania started issuing polymer money even before the denomination in 2005. In 1999, the Central Bank of the country printed 2000 on plastic. And from 2001 to 2004 - 10,000, 50,000, 100,000, 500,000 and 1 million lei.
After changing the denomination, local banknotes with denominations of 1, 5, 10, 50, 100 and 500 lei continued to be issued in plastic.
Vietnam
In 2003, the State Bank of Vietnam stopped printing money on cotton. Instead, the regulator suggested issuing synthetic bills, explaining this by reducing printing costs. The media wrote that the son of the director of the Central Bank owns a printing business, and the transition to polymer money will primarily benefit his family. However, after the closure of several magazines, this information was no longer brought up. Today the Vietnamese dong is issued in the following denominations: 10, 20, 50, 100, 200 and 500 thousand.
Brunei
Brunei began the transition to polymer money in 2004 due to the increased incidence of counterfeiting. Already in 2005, the $ 100 banknote was awarded a gold medal for its security system. Today in plastic they produce 1, 5, 10, 20, 50, 100, 500, 1000 and 10,000 Brunei dollars.
Canada
In 2011, the Bank of Canada launched the first plastic money, starting with $ 100. Smaller plastic bills appeared in circulation several years later. Now plastic Canadian dollars in denominations of 5, 10, 20, 50 and 100 are circulating in the country.
Maldives
The Maldives Rufiyaa went plastic in 2015. For the 50th anniversary of the independence of the Maldives, the Office of Monetary Circulation issued a banknote of 5 thousand rufiyaa. However, today it is not used due to the denomination in the country. In 2016, the department updated the entire banknote line. Today, 10, 20, 50, 100, 500 and 1000 rufiyaa are produced in plastic.
As you can see, plastic money is the most popular in Oceania. It was in this region that money was first printed on polymer. And today, three countries have completely switched to more wear-resistant banknotes. The trend is supported in Asia - several countries have also replaced paper money with plastic.
More than 20 countries have begun to convert banknotes to plastic. Among them are Hong Kong, Israel, Mexico and Nigeria. Another 10 - only commemorative banknotes are printed in polymer. These are Brazil, China, Poland. Northern Ireland and others.
Ukraine is not yet going to abandon natural materials in favor of plastic. On the contrary, the NBU was going to make hryvnia from flax .
10 lb. polymer
The service life of polymer bills (5 years) is several times longer than the life cycle of paper money. Plastic makes bills more durable by repelling water and dirt. And also protecting banknotes from damage. The editors even conducted a crash test to make sure of this.
The first polymer money appeared 30 years ago. And now plastic money is in circulation in fifty countries, covering the entire banknote line, or part of it. Last year, for example, the UK unveiled a new polymer £ 50 bill.
Editorial PaySpace Magazine compiled a list of States that have already fully switched to a polymeric cash.
Australia
Australia became the first country to print thin plastic banknotes in 1988. The issue was dedicated to the bicentennial of the European settlement of Australia. Currently, all Australian dollar bills (5, 10, 20, 50, 100) are made from polymer. Moreover, over 30 years of experimentation, the Reserve Bank has come to a new format for money - animation has appeared on polymer banknotes.
Papua New Guinea
The national currency of Papua New Guinea, kina, has been printed on plastic since 1991. By 2008, all bills in the country had become polymer - 2, 5, 10, 20, 50 and 100 kins. Until 2014, the population could pay with paper money. But today old money is no longer a legal payment instrument.
New Zealand
Thin plastic has been used to make the New Zealand dollar since 1999. Since then, the design of polymer money has changed, becoming increasingly inaccessible to counterfeiters. In 2015, the Reserve Bank of New Zealand launched a new series of notes - the so-called "bright money". The banknote from this series in denomination of $ 5 has already received the title of the best banknote of 2015. There are plastic 5, 10, 20, 50 and 100 dollars in circulation.
Romania
Romania started issuing polymer money even before the denomination in 2005. In 1999, the Central Bank of the country printed 2000 on plastic. And from 2001 to 2004 - 10,000, 50,000, 100,000, 500,000 and 1 million lei.
After changing the denomination, local banknotes with denominations of 1, 5, 10, 50, 100 and 500 lei continued to be issued in plastic.
Vietnam
In 2003, the State Bank of Vietnam stopped printing money on cotton. Instead, the regulator suggested issuing synthetic bills, explaining this by reducing printing costs. The media wrote that the son of the director of the Central Bank owns a printing business, and the transition to polymer money will primarily benefit his family. However, after the closure of several magazines, this information was no longer brought up. Today the Vietnamese dong is issued in the following denominations: 10, 20, 50, 100, 200 and 500 thousand.
Brunei
Brunei began the transition to polymer money in 2004 due to the increased incidence of counterfeiting. Already in 2005, the $ 100 banknote was awarded a gold medal for its security system. Today in plastic they produce 1, 5, 10, 20, 50, 100, 500, 1000 and 10,000 Brunei dollars.
Canada
In 2011, the Bank of Canada launched the first plastic money, starting with $ 100. Smaller plastic bills appeared in circulation several years later. Now plastic Canadian dollars in denominations of 5, 10, 20, 50 and 100 are circulating in the country.
Maldives
The Maldives Rufiyaa went plastic in 2015. For the 50th anniversary of the independence of the Maldives, the Office of Monetary Circulation issued a banknote of 5 thousand rufiyaa. However, today it is not used due to the denomination in the country. In 2016, the department updated the entire banknote line. Today, 10, 20, 50, 100, 500 and 1000 rufiyaa are produced in plastic.
As you can see, plastic money is the most popular in Oceania. It was in this region that money was first printed on polymer. And today, three countries have completely switched to more wear-resistant banknotes. The trend is supported in Asia - several countries have also replaced paper money with plastic.
More than 20 countries have begun to convert banknotes to plastic. Among them are Hong Kong, Israel, Mexico and Nigeria. Another 10 - only commemorative banknotes are printed in polymer. These are Brazil, China, Poland. Northern Ireland and others.
Ukraine is not yet going to abandon natural materials in favor of plastic. On the contrary, the NBU was going to make hryvnia from flax .
