(04-19-2014, 07:52 AM)Praetor Wrote: Today I found out: that the Australian $5 to $100 notes are made of plastic.
//Can someone please explain this to me?
I think the idea was that if they're made of plastic they don't get ruined if you get them wet. They're still hard to counterfeit afaik. Especially given the fact they're the only plastic currency to my knowledge.
The Israeli 20 NIS bill is also made out of plastic. It's just that plastic has better sustain, and the bills that are most often used usually turned to it in order to let them stay in the market for longer, rather than burned when they get ruined. (The banks send the really damaged bills to the country's main bank, and it burns them periodically, supplying the banks with new unharmed bills).
Plastic bills in themselves cost more to manufacture, but because of their higher survivability they compensate for it in terms of lesser inflation of the market. (You need to print less bills, as the old ones cycle through the system for a longer time).