Are polymer banknotes better?
Polymer notes last at least 2.5 times longer than paper notes, reducing replacement costs. Lower environmental impact because they last longer. Completely waterproof. Cleaner because they are resistant to dirt and moisture.
Are there fake polymer notes?
There are simple ways to tell whether a paper or polymer banknote is real or fake. When the note is tilted from side to side, the hologram at the bottom should alternate the words “Five/Ten/Twenty/Fifty” and “Pounds”.
Why did Australia change to polymer notes?
The Reserve Bank moved to polymer to make Australia’s banknotes more secure against counterfeiting, which had been on the increase as modern reprographic equipment became more readily available.
Where are Australian bank notes made?
Where Australia’s Banknotes Are Made. Australia’s banknotes are printed by Note Printing Australia Limited (NPA), which is located on a 26 hectare site at Craigieburn, Victoria, 25 kilometres north of Melbourne.
Why is Australian money plastic?
Australian banknotes are printed on polymer, a type of plastic, and they have a distinctive feel. Polymer banknotes were developed to make our currency more difficult to counterfeit. The polymer makes it possible to include a range of security features on our banknotes.
How do you know if a note is real?
Look at the metallic image over the main window. Check the foil is gold and blue on the front of the note and silver on the back. Look for a second, smaller window in the bottom corner of the note. A silver foil patch contains a 3D image of the coronation crown.
Are old 50 notes still legal tender?
Exchanging old notes 30 September 2022 is the last day you can use our paper £20 and £50 notes. After 30 September 2022, many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.
What is Australian notes made of?
But did you know that although many banknotes from around the world are made from cotton or paper fibres, our banknotes are made from a type of plastic, or polymer, this means they’re tough and durable. Australian banknotes start out as these plastic pellets. We first melt them down, and then blow up a huge bubble.