Saturday 27 Apr 2024

PLASTIC NOTES AROUND THE WORLD

| DECEMBER 10, 2016, 12:00 AM IST

Photo Credits: plasstic

- Plastic notes were first issued by Australia in 1988. The country now plans to issue a new series of notes starting with AUS dollar 5 bills

- Countries like Canada, Fiji, Australia, Mauritius, New Zealand, Papua New Guinea, Romania, Vietnam and Britain, have been using the polymer currency- Recently, the Bank of England launched a polymer £5 note in September 2016

(3) A polymer note assures 32% reduction in global warming and 30% reduction in energy demand compared to paper notes

(4) Plastic currency provides a wide range of benefits, including security features and durability, apart from being environment-friendly

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