You will use polymer money to replace paper money

The Daily Mail said, in the next 3 years, he will replace paper money with polymer money (also called plastic money or plastic money). The Bank of England has bid for printing denominations with a deposit of £ 1 billion.

Polymer money is better than paper money. If the banknotes usually use for only 6 months, the polymer money can rotate for more than 3 years. Polymer money is more hygienic because it retains bacteria, it is difficult to be damaged, besides it is waterproof and can withstand washing in the washing machine. Polymer money is more ecologically beneficial because it requires less labor to produce in general .

You can use polymer money instead of paper money.

The disadvantage of polymer money is that printing costs are higher and it takes time for equipment systems and bank staff to adapt to new currencies. Therefore, first of all, people will apply conversions with small denominations, from £ 5 or less.

Polymer money was first applied in Australia to counter the printing of counterfeit money. The experiment proved successful. Thereafter, polymer money goes into the monetary and banking systems in countries like New Zealand, Romania, Papua New-Guinea, Mexico, and Vietnam. In Northern Ireland, 5 pounds of polymer were released in 1999 to celebrate the new millennium.

In the past, it was known that the US government had intended to give up a dollar of par value. This measure alone allowed Washington to save $ 4.4 billion in 30 years, as stated by Laurel Saint-James, the director of the US Treasury's printing agency, while transferring paper money into more expensive coins. about 531 million dollars.

The Associated Press reported that the US citizens did not approve of this decision by the US government, because the metal coin was not convenient in the turnaround and the dollar 1 dollar gave people the feeling that it was money. odd.