PLASTIC BANKNOTES HELP REDUCE CASH COUNTERFEITING
December 1st, 2014
Plastic banknotes have been in circulation since their introduction in Australia in 1988 and the consensus so far seems to be that they do an excellent job of a key requirement - reducing counterfeiting. It may be that forgers will gain more expertise in time - faking is considerably more difficult on plastic than on cotton-based paper - but the initial reports from larger countries that have taken this route, such as Canada, Australia and New Zealand, have persuaded the UK’s Bank of England to follow them. In all, 20 countries have adopted polymer notes, ...
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