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Singapore has now issued a plastic $5 banknote.
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<p>[QUOTE="see323, post: 228356, member: 8291"]It last about 3 to 4 times longer than the paper ones. Yes, Singapore polymer banknotes are made in Australia. A number of countries have the facilities to make their own polymer banknotes. One of them is Taiwan. </p><p><br /></p><p>One of the problem with the first Singapore plastic notes ( not sure whether they use polymer during that time ) is that it was unacceptable to the ATM machines. The machines was not able to count and release these plastic notes to users. It becomes a problem to users. Technology was not matured at that time. </p><p><br /></p><p>With proven success in both Australia and New Zealand, Singapore started using polymer again. One of the problem with polymer notes is that they are not easily folded. In addition, they are quite difficult to count when they are new. They tends to stick together. Once the notes are well-circulated, they can be easily handled and counted. </p><p><br /></p><p>I see that there will a lot of countries adopting polymer notes in the near future. Countries will have a lot of saving on notes printing.[/QUOTE]</p><p><br /></p>
[QUOTE="see323, post: 228356, member: 8291"]It last about 3 to 4 times longer than the paper ones. Yes, Singapore polymer banknotes are made in Australia. A number of countries have the facilities to make their own polymer banknotes. One of them is Taiwan. One of the problem with the first Singapore plastic notes ( not sure whether they use polymer during that time ) is that it was unacceptable to the ATM machines. The machines was not able to count and release these plastic notes to users. It becomes a problem to users. Technology was not matured at that time. With proven success in both Australia and New Zealand, Singapore started using polymer again. One of the problem with polymer notes is that they are not easily folded. In addition, they are quite difficult to count when they are new. They tends to stick together. Once the notes are well-circulated, they can be easily handled and counted. I see that there will a lot of countries adopting polymer notes in the near future. Countries will have a lot of saving on notes printing.[/QUOTE]
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Singapore has now issued a plastic $5 banknote.
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