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For centuries, the banknotes have been made from paper made of rags. Today, banknote issuers face the challenge of increasingly sophisticated banknote forgery techniques and various questions about whether paper money is a safe material.
Australian 100 yuan plastic banknote
A subsidiary of the Federal Reserve Bank of Australia, Australian Bill Printing Co., Ltd. and CSIRO are working together to improve the safety and durability of Australian currency.
What CSIRO does CSIRO's experience in plastics and synthetic chemicals is used to develop a non-fiber, nonporous plastic film that is used to print banknotes. This matrix has a high initial tear strength, excellent foldability and a longer service life than paper.
This matrix and specially developed protective coating prevent the absorption of moisture, sweat and dirt, so plastic bills can be kept cleaner.
CSIRO has also developed a variety of open or covert security labels for plastic banknotes. This anti-counterfeiting label combines spectroscopic techniques, synthetic compounds, nanotechnology, surface microstructure processing techniques, and polymer chemistry techniques.
First circulated in Australia in 1988, plastic banknotes are now used in 22 countries.
The result is the world's first non-fibre plastic banknote. And safer, 4 times more durable than plain paper money.
Plastic banknotes are used overseas both to print commemorative coins and to print currency.
At present, there are more than 30 different types of currency of 3 billion yuan in circulation in 22 countries.
After gaining noticeable counterfeit banknote cuts in Australia, CSIRO is using this technology and the network resources it gains during the development process to fight identity forgery and counterfeiting.
CSIRO Plastic Film Successfully Developed the World's First Plastic Banknote
CSIRO helped develop the world’s first plastic banknotes and created the world’s most stable currency.