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Australia’s banknotes may be the most advanced in the world | CNBC Reports

December 30, 2019


Australia’s currency is one of the most
advanced banknotes in the world. You can do almost
anything with it. You can see through it. It can even withstand hot tea. And it dries pretty quickly. You can even surf with it. But maybe the best part? You can also use
it to buy things. The nation’s cash is completely
waterproof, hard to counterfeit and ultimately cleaner since it’s
resistant to moisture or dirt. Australia’s banknotes are made of
polymer, which feels a bit waxy. While U.S. banknotes, on the other hand,
are made from cotton fiber paper. Polymer banknotes tend to last two to
three times longer than paper notes, which can reduce
replacement costs. And when you think that, for
example, the U.S. ten dollar bill is replaced every four and a half years,
well that can amount to a lot of cash. Australia continues to
advance its banknotes too. Take a look at Australia’s
new $5 banknote. As you tilt the banknote, you’ll see a rolling
color effect, and if you move it the proper way, you’ll even see this bird move
its wings and change colors. In 2015, the Reserve Bank of Australia
said it would add a tactile feature to help the visually impaired
know the value of each note. Australia was the first to introduce
polymer banknotes, and now it’s been adopted completely by other
countries like Canada and Vietnam. While the United Kingdom introduced
polymer into its circulation in 2016. But as some countries push for a future
cashless society in years to come, will other countries even bother
advancing their own banknotes?

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29 Comments

  • Reply Miike08 Pennia February 5, 2018 at 10:16 pm

    I live in Australia and the notes do last longer. They are easy to clean ( just wash it in the kitchen with tap water and clothe and ready to spend!!!!) I like the many colours and design on the bank notes. it does make it different to other currencies around the world!!!

  • Reply _Bob McCoy February 5, 2018 at 11:16 pm

    Only downside is that the notes can stick together, so you gotta sort of crumple them every time you wanna grab one to pay

  • Reply Brien Lim February 6, 2018 at 1:05 pm

    Singapore notes r oso like that

  • Reply Random stranger February 6, 2018 at 10:39 pm

    Very impressive. Nevertheless, it might be hard to dispose of without environmental damage.

  • Reply YanzoDaDon February 6, 2018 at 11:12 pm

    You can also use it as a toothpick when you're desperate for one

  • Reply Natalia Poklonskaya February 6, 2018 at 11:36 pm

    maybe it is true in paper money era, but the world is heading to digital payment. and down under is somehow behind the trend. i.e compare to some Asian and N. European countries

  • Reply Andy Yoo February 7, 2018 at 10:21 am

    Go digital!

  • Reply Quibits February 8, 2018 at 4:57 pm

    Is it made up of biodegradable polymer

  • Reply It's Me February 26, 2018 at 3:13 pm

    You can spin a vinyl record and place the corner of a polymer banknote on the groove where the needle usually goes and hear the music playing through the banknote.

  • Reply David Lloyd-Jones April 5, 2018 at 7:52 am

    You missed a point: if it's the same as Canadian money then it's antiseptic, too.

  • Reply Tumbler Lai April 14, 2018 at 1:24 pm

    How about Singapore’s currency ?

  • Reply frostyguy1989 June 1, 2018 at 7:22 am

    I don't think we'll have a totally cashless society. We'd still need physical cash in the event of a disaster or if we can't access our accounts for whatever reason.

  • Reply J FC June 3, 2018 at 5:02 am

    notes will be dead once Bitcoin rules the world

  • Reply Shukra Acharya June 23, 2018 at 3:47 am

    This is real plastic money

  • Reply R D June 30, 2018 at 10:29 am

    you can also clean your ass shift after poop

  • Reply Hundred beast Kaido July 21, 2018 at 12:11 am

    So exactly like british notes?

  • Reply AJ GAMING September 14, 2018 at 12:01 pm

    when you are Australian and didn't thought these are your average bank notes…. .-.

  • Reply Shawn Nguyen October 12, 2018 at 8:56 am

    No matter how advanced and digitized we get, a cashless society will never exist. Currency is the face of a country, it is what represents the values and culture of a nation, so scrapping it would be like tossing away a piece of national identity.

  • Reply SydneyPhotography2019 November 7, 2018 at 3:08 pm

    Yeah definitely

  • Reply 자이언트자이언트 November 19, 2018 at 2:44 pm

    Vietnam's banknote is also made of polymer

  • Reply Dinil Dinesh P November 24, 2018 at 4:09 pm

    I would prefer online banking rather than cash.

  • Reply HDaviator February 14, 2019 at 7:20 pm

    Australia should change the name of their currency to Vegemite Bucks.

  • Reply MR FlackAttack February 26, 2019 at 5:56 am

    A cashless society, slow down there mate, I’m still waiting to see the paperless office.

  • Reply Harpax A April 16, 2019 at 12:15 pm

    @1:27 whats with dipping it into the whole food tray ?

  • Reply Bichr Salhi April 21, 2019 at 8:59 pm

    It’s similar to Canada’s bank notes. The US on the other hand… ugh

  • Reply Eleanor Dae April 29, 2019 at 6:39 am

    ive actually coeme across a ripped $5 note before i was shOOK

  • Reply Patrick Wu June 2, 2019 at 12:11 am

    Lol first sentence makes no sense

  • Reply IglooDweller August 27, 2019 at 12:31 am

    The different colours also make it easy to tell what their value is from just a glance.

  • Reply Faisal Fz September 30, 2019 at 5:41 am

    CHP.POPER.NOTE.
    ADYEA.HEL.TH.
    200019.😁

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