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Pillar of the Community
Australia
2830 Posts |
Australia has had polymer notes since 1992. They work fine.
When they were introduced, the new notes were smaller than the paper ones: much more convenient.
I can't recall anyone complaining about them.
Peter
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Pillar of the Community
United States
2408 Posts |
A few tidbits regarding polymer notes: From http://en.wikipedia.org/wiki/Counterfeit_money"In 1988 The Reserve Bank of Australia, released the world's first long lasting and counterfeit resistant polymer (plastic) banknotes (...) In 1996 Australia became the first country to have a full series of circulating polymer banknotes.(...) The technology developed is now used in 26 countries.(...) Note Printing Australia is currently printing polymer notes for 18 countries." |
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Moderator
 Australia
16837 Posts |
Quote:
Why out source it..we could use the jobs here The Australian government owns the patents to the technology, and would sue the pants off the Canadians if they stole it.  Quote:
I can't recall anyone complaining about them. Peter, lots of people, particularly bank tellers, shopkeepers, and others that had to count and sort large numbers of mixed notes, complained about them - and many of them still do. The polymer notes tend to stick together when you're trying to count or sort them, and once they get folded, they stay folded, only returning to flatness with great difficulty; a pile of polymer notes is much less tidy than a pile of paper notes. Australian polymer notes were introduced with the aim of there being two key improvements over paper: they last longer in circulation and they withstand hot, tropical conditions better than paper (this last point has been a key selling point for NPA's customers in Southeast Asia). Canada doesn't have any tropical regions, so the only benefit they'd gain is from increased longevity. They'd certainly want to do some extensive cold-weather testing before adopting them. As for abolishing nickel, they'd simply be following general world trends. A small percentage of the population is allergic to nickel, so governments worldwide are moving away from it's use in coinage. Canada has been reluctant to abandon nickel in the past, because it's one of the world's largest suppliers, thanks to the Sudbury meteorite. Abandoning nickel would thus be unpatriotic, too. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
2408 Posts |
Sap,
Yes, I do remember the notes were gummy.
What about being counterfeit resistant - is this true? They had transparency features if I recall.
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Moderator
Australia
16837 Posts |
Sure, the polymer is "counterfeit-resistant" - all NPA banknotes have a "see-thru" section of clear plastic, that acts like a watermark on paper notes. That's hard to replicate, because even if you use plasticized glossy paper in a printer or photocopier to try to duplicate the "feel", you can't make a see-thru section. But you can get counterfeit resistance that's almost as good by using holograms etc. while still keeping the paper substrate.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Canada
650 Posts |
Being in the cash dispensing business this is very scary if the note size were to change.
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Pillar of the Community
Australia
2830 Posts |
quote: "... lots of people, particularly bank tellers, shopkeepers, and others that had to count and sort large numbers of mixed notes, complained about them - and many of them still do."
- Queenslanders are prone to grizzle: last week, not enough rain; this week, too much rain; too much money to count ...
quote: "... a pile of polymer notes is much less tidy than a pile of paper notes"
- I rest my case: you've got a pile of money, but tidyness is an issue ...
more seriously, this is only a concern for those who hope to get nearUnc notes from circulation. Joe Public doesn't see this as an issue.
Mr Canada: The size reduction was particularly welcomed when the $50 and $100 were introduced: no-one had a wallet big enough to hold the old paper ones.
Peter in Oz
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New Member
Canada
40 Posts |
Being in the printing industry - synthetic paper is nothing new. There was a product that has been out in the Canadian market for easily 10 - 15 years - its commercial name was Yuppo. I'm sure the Australians wouldn't want Canada to use its "paper" (which is, in all likely-hood a special formulation anyway) nor would Canada want that specific paper (it becomes easier to counterfeit). if its anything like the Yuppo, it will feel quite nice in the hand - feels very soft & smooth, almost like a silky velour. I look forward to the new change... its better than killing trees... lord knows I've done my fair share of that...
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Pillar of the Community
Canada
576 Posts |
Can't they leave anything alone? Our coinage has been through one debasement after another. Gone is the time when pocket change reflected real value. Now the mint routinely stamps and issues junk. A lot to be proud of. Now the folks in charge - likely after numerous conferences and donut dunking clatches - want to replace paper with polymer. It's disrespectful, it's infuriating. But it is - par for the course.
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Pillar of the Community
Canada
3692 Posts |
We've had steel coinage in Canada since about 1999-2000, so that doesn't surprise me. Used to be nickel (for the most part, plus bronze aureate for dollars). What does surprise me is the talk towards polymer notes. We've changed our notes quite a bit since 2003 and to change them again will surely confuse new immigrants. I've used polymer in Mexico, and I must say it is pleasing to touch and have, and because they last a very long time they are durable and cost-effective. If Canada were to do this it wouldn't be to save money though, it would be to curb counterfeiting, since that is why we've changed our notes quite a bit recently.
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Pillar of the Community
United States
2408 Posts |
Tamarin Leaving everything alone would not necessarily be a good thing for evolution - that's for sure.... So perhaps we should take a back seat and enjoy the ride on this one. Let's see what the RCM comes up with and then go from there. |
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Pillar of the Community
Canada
576 Posts |
Canadian coins, whether we like it or not, we'll all have to sit back and accept what comes. Just don't expect me to be paying much attention or displaying much enthusiasm. I'd rather be back in a 1960's town marvelling at a new silver quarter or studying the quiet rural beauty resting defiantly on a dollar bill.
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Pillar of the Community
Canada
3692 Posts |
Tamarin: Ya, who wouldn't.. our dollar was respectable.. it still is but only by comparison to the US dollar.. groan@fiat..
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New Member
Canada
17 Posts |
Hi
I too heard about polymers being introduced here for new Canadian bills on a radio station I listen to from Toronto.
Apparently, the bills can also be cleaned without any damage as well.
Does this not put a whole new meaning to the term 'laundering money' ? <G>
Cheers
Bujutsu
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Pillar of the Community
Canada
3692 Posts |
@Bujutsu: well I doubt it.. I heard the polymers are bad for business.. they don't bundle up as nicely as the cottons, so they're harder to work with, harder to count.... imagine trying to bunch up and count a lot of bent and mangly rubber coins to stack.. it'd be harder
Edited by Libertad
03/24/2010 5:48 pm
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Posted 03/05/2010 8:54 pm
