Sep 22, 2012

Polymer Banknote - the Better Alternative for Paper Currency Note ?

The One Ringgit Polymer Banknote as shown in the photos was a brand new note, yet got damaged just because of I kept it in car and had exposure to sunlight for approximately 2 hours of time only in the afternoon.   

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Polymer Banknotes the Better Alternative for Paper Currency Notes?

Polymer Banknotes are often made from polymer Biaxial-Oriented Polypropylene (BOPP), which are believed to be greatly enhances the durability, if compared with traditional paper notes. Besides, Polymer Banknotes are also with several security features, which were not possible to be incorporated into traditional paper currency notes.  

However, personally I do think that Polymer Banknotes might not be suitable for countries with hot and wet weather, such as Malaysia and Singapore. The reason is simply because of current quality of Polymer Banknotes might be still vulnerable to heat and sunlight.

Polymer Banknotes the Next Generation of Currency Notes ?

Currently, Polymer Banknotes have fully replaced traditional paper notes in seven countries, which include Australia, New Zealand, Papua New Guinea, Brunei, Vietnam, Romania and Bermuda. In addition, Canada will be the next known country that implementing Polymer Banknotes in all denominations of the nation currency notes. Besides, Polymer Banknotes are also partially available in certain denominations of approximately 21 countries worldwide. List ofCountries that Circulating Polymer Banknotes

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