Mtazamaji
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- Feb 29, 2008
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Canada is taking a progressive step forward economically, finalizing its plans to join the likes of Australia and 30 other nations by ditching cotton-based paper money and introducing plastic-based bills.
Traditionally money such as the U.S. dollar and Euro (European Union) bank notes are printed on paper fiber. But there's been growing pressure to switch to plastic bills, due to their advantages.
Plastic bills are more durable than cotton fiber ones as they resist crinkling and creasing. This aids in automated vending schemes. Further, plastic bills are lighter, thinner, and (reportedly) more hygienic (as they absorb less bacteria). The new polymer currency is fully recyclable at its end of life. Cost wise, they are significantly more expensive than traditional bank notes, costing twice times as much to make. However, they're estimated to last 2.5 times as long, so the investment is expected to pay off in the long run.................................................
Jisomeee habari kamlili hapa DailyTech - Canadians Get Pumped for Launch of Plastic Currency
Canada is taking a progressive step forward economically, finalizing its plans to join the likes of Australia and 30 other nations by ditching cotton-based paper money and introducing plastic-based bills.
Traditionally money such as the U.S. dollar and Euro (European Union) bank notes are printed on paper fiber. But there's been growing pressure to switch to plastic bills, due to their advantages.
Plastic bills are more durable than cotton fiber ones as they resist crinkling and creasing. This aids in automated vending schemes. Further, plastic bills are lighter, thinner, and (reportedly) more hygienic (as they absorb less bacteria). The new polymer currency is fully recyclable at its end of life. Cost wise, they are significantly more expensive than traditional bank notes, costing twice times as much to make. However, they're estimated to last 2.5 times as long, so the investment is expected to pay off in the long run.................................................
Jisomeee habari kamlili hapa DailyTech - Canadians Get Pumped for Launch of Plastic Currency