THE POLYMER BACKNOTE PEOPLE

Bank of England figures show fewer polymer notes replaced yearly than paper

The Bank of England recently released figures on replacing its new Guardian banknotes due to everyday wear and damage showing that less than 3% of £5, and 2% of £10 notes were replaced in 2019.

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The $1 billion move: Australia’s polymer story

The Reserve Bank of Australia (RBA) recently released a report that showed its switch to polymer resulted in net savings of close to $1 billion over the past 25 years.

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