PLASTIC BANKNOTES MAKE LIFE HARDER FOR COUNTERFEITERS
February 8th, 2015
PLASTIC banknotes have been in circulation since their introduction in Australia in 1988 and their use is expanding. Counterfeiters beware. Alan Osborn, in London; Kitty So, in Ottawa; and Lee Adendorff, in Byron Bay, Australia, report. FAKING banknotes is considerably more difficult on plastic than on cotton-based paper, and while printing technology improvements may aid forgers, central banks seem happy to avail themselves of the competitive advantage.Initial reports from rich countries that have taken this route, such as Canada, Australia and New Zealand, ...
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