How modern is Australia's polymer sheet?

Australia's paper notes are ranked among the most modern banknotes in the world - CNBC page said.

Australian banknotes now possess features such as complete water resistance, very hard to counterfeit, and a higher degree of cleanliness than other countries' money thanks to their resistance to moisture and dirt.

Made of polymer, Australian banknotes have a smooth surface, while American and other countries' notes are made of cotton fiber so there is no smooth surface.

Australian dollar bills with different denominations.

Polymer bills usually have 2-3 times longer lifespan of cotton bills. As a result, countries that use polymer money can reduce the cost of replacing old money. For example, the US $ 10 bill is replaced every four and a half years.

Although it has owned banknotes with modern features, Australia has constantly improved its money.

The country's newly released Australian $ 5 bill is equipped with a color-shifting effect . When moving coins at different angles, an image of an eastern spinebill bird (a native bird) is waving and changing color.

In 2015, the Central Bank of Australia (RBA) announced it would add "touch" points to the country's polymer coins to help blinds determine the face value of the money.

Australia was the first country in the world to issue polymer money in 1988. After that, many countries around the world also switched from using cotton money to polymer money, including Canada and Vietnam.