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Why Are New Zealand Dollar Notes Now Plastic (Faux-Plastic)

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bruce135's Avatar
South Africa
6 Posts
 Posted 12/11/2010  3:09 pm Show Profile   Bookmark this topic Add bruce135 to your friends list Get a Link to this Message Number of Subscribers
Why are NZ$ notes now plastic?


Why-Are-New-Zealand-Dollar-Notes-Now-Plastic-Faux-Plastic
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svslav's Avatar
United States
2605 Posts
 Posted 12/11/2010  11:17 pm  Show Profile   Bookmark this reply Add svslav to your friends list Get a Link to this Reply
My understanding - to increase their durability. The polymer notes have a longer life span so the government saves on the replacement costs.
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Sap's Avatar
Australia
16830 Posts
 Posted 12/12/2010  01:43 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Because they wished to help support the Australian economy.

Polymer note technology was invented and patented by CSIRO, the Australian government research arm. Australia has been making polymer notes like these since 1988, and since the mid-1990's all our "paper money" has been plastic. New Zealand is just one of Australia's neighbours to be persuaded into adopting the substance for circulation notes, but anyone using this technology has to get their notes printed in Australia.

Polymer notes have several advantages, besides the longevity mentioned by svslav, though this is less of a factor in New Zealand than it is in tropical countries like Papua New Guinea and Brunei, where the climate makes paper notes degrade even faster.

Polymer notes are also harder to counterfeit - to make a passable replica, you need something more sophisticated than a colour printer.

Polymer notes have a few drawbacks, too. They tend not to "stay flat" like paper - if you put a crease in them, they stay creased and don't want to straighten out again; this makes handling and counting bulk amounts of notes more problematic. And while they're harder to cut or tear, the plastic is more brittle than polymer, especially after prolonged exposure to sunlight, so once a cut or tear starts it tends to propagate further and faster through it.
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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sel_69l's Avatar
Australia
21788 Posts
 Posted 12/12/2010  04:07 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Polymer notes can present problems when they are ironed. They can shrink rather dramatically, depending on the amount of heat that is applied.

When would you iron a note accidentally? The most probable time would be trousers, with a note left in a pocket.
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augsburger's Avatar
Germany
1063 Posts
 Posted 12/14/2010  08:40 am  Show Profile   Bookmark this reply Add augsburger to your friends list Get a Link to this Reply
Or when you want to get rid of one of those darn creases!!
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Libertad's Avatar
Canada
3692 Posts
 Posted 12/14/2010  11:04 am  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
I like the anecdote that surfers and tourists were getting tired of using salt-water paper notes at the beach.

Many countries have gone this route. In Mexico, where there is a lot of piracy, paper money is not a smart investment. Between 1992 and now, it has ditched the 5 Centavos coin (which was resized at some point), 10 Centavos coin (also has been resized), the $20 Peso coin, and the $10 Peso note. Where $10 Pesos is about equal to $1 Dollar (pick a country), you get the idea of what is actually being chucked for commercial use. The difference is that a Peso can still buy you services, whereas a Dime cannot. But back to the polymer, from my experience using it, it is pretty cumbersome, but at least you know you have a legitimate banknote and not a copy made from a printer. Now most notes are made of polymer, but still make paper notes sparingly, for example, the $200 Peso 2010 note.
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Kingz's Avatar
Netherlands
626 Posts
 Posted 12/20/2010  11:54 am  Show Profile   Bookmark this reply Add Kingz to your friends list Get a Link to this Reply
A lot of tropical country's are using them lately as well, for several reasons as stated above. Durability & against Counterfeiting and so fort. Here is a example of Hong Kong 10 Dollars Note and cool Information with pictures about the printing proces and reasons for doing so (See links, PDF Files):

Also nice to take note that this note is made in Holland

Why-Are-New-Zealand-Dollar-Notes-Now-Plastic-Faux-Plastic
Why-Are-New-Zealand-Dollar-Notes-Now-Plastic-Faux-Plastic


http://www.info.gov.hk/hkma/eng/pol...ymer_eng.pdf
http://www.info.gov.hk/hkma/eng/pre...70312e3a.pdf

[quote]
New Security Features
N1 Clear Window
A see-through window with a numeral 10.
N2 Shadow Image of the Bauhinia Flower in
the Clear Window
A watermark-like image of the bauhinia ower
integrated into the clear window.
N3 Numeral ‘10' Shadow Image
A watermark-like image of the numeral 10 is visible
when viewed with background light.
N4 Colour Shift
The colour of the ribbon on the clear window
changes between pink and purple when the note is
tilted or examined against light and dark backgrounds.

Existing Security Features
E1 Enlarged Numeral
The numeral 10 has been enlarged and made easier
to feel.
E2 See-through Picture
When the note is viewed with background light, the
patterns on the front and back of the note align
perfectly to show a complete picture of a horse.
E3 Concealed Denomination
The numeral 10 appears when the note is tilted.
E4 Reective Band
A shimmering band showing images of the bauhinia
ower and "HK10" when the note is tilted. This has
been moved to the central part of the note.
[quote]

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magpie's Avatar
New Zealand
72 Posts
 Posted 10/28/2014  5:27 pm  Show Profile   Bookmark this reply Add magpie to your friends list Get a Link to this Reply
The paper style ones used to have a security strip, a narrow piece of foil that wove in and out of the layers of the paper. In the $5 note especially this had a tendency to come loose and partially fall out of the note. was quite messy, they didn't have a good lifespan, the new plastic style ones are a lot more durable.
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Enlil's Avatar
Australia
560 Posts
 Posted 11/06/2014  9:52 pm  Show Profile   Bookmark this reply Add Enlil to your friends list Get a Link to this Reply
Money is money, who cares. Polymer is basically introduced on security and cost grounds. The design came later. But we don't think much of the type of material they are, we just accept them for what they are, a store of value that depreciates every year, excluding investment numismatics.
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