Printing Plastic

Currency in its physical form is as important as the concept of money itself. It provides you with an assurance of having something and a feeling of ownership. But the problem with paper is that it wears out soon. On average a paper currency notes stays for about 6 months in circulation. The solution lies in the form of plastic currency notes made from polymer which last up to 40 months and can be recycled easily. Australia already started issuing plastic bank notes in 1996 and it has produced plastic currency for Thailand, Indonesia, Papua New Guinea, Kuwait, Western Samoa, Singapore, Brunei, Sri Lanka and New Zealand.

Currency has indeed come a long way from humble beginnings in China in the 7th century AD and then evolving in England in 1694. But countries like India and US have been reluctant to accept plastic currency and are still experimenting with the idea. This is because the nations think that the public would not accept plastic currency easily.