The Bank of England have announced that they're going to introduce plastic banknotes.
Can I ask our friends in Australia and New Zealand whether they are happy with their plastic notes ?
Thanks in advance.
Best regards,
Joe
P.S. I confess that I work for a paper company !
Quote from: joe cassidy on May 27, 2014, 07:50:07 PM
The Bank of England have announced that they're going to introduce plastic banknotes.
Go well with the plastic politicians we have :censored:
Watch out Lawrence - the Bank of Clydesdale has announced the issue of a plastic banknote in a few months !
Going back to my original post, I would like to apologise for forgetting to solicit our Canadian friends who also have plastic notes like the Aussies and the Kiwis, so please give us your opinion on your new Canadian notes.
Best regards,
Joe
I think Euros are already plasticised... They are still only worth the face value... :doh:
Could be worse - they could be worth less than the face value :worried:
Best regards,
Joe
An interesting question.
FWIW, my few cents worth:
Although initially 'plastic; notes do look and feel strange, with use, and of necessity, one does get used to them. However, practical experience and anecdotal evidence from other users indicates that if these notes are in any way wrinkled Or bent, they STAY wrinkled and bent!!! If you then try to 'smooth them out' (such as when putting them in bundles of 100's as required by the Banks), the process can be very tedious as each note refuses to 'lie down' and conform. Very time consuming indeed! In addition, and due to intensity of usage, some note denominations will 'wear' and 'fade' more rapidly than others, with (in New Zealand) the $5 note being especially renowned for this, and as a result, having the highest 'recall' rate of any of the current note denominations in circulation.
Despite this latter point, over-all, the 'plasticised' notes do however 'wear' better than their predecessors and will survive being put through a domestic washing machine ('money laundering' if you will) far better than the 'rag-based' 'paper' ones they replaced.
Hope that this helps.
In my opinion the plastic are way better. They last longer, look better, retain their colour, stay wrinkle free and, most importantly they do not tear. Love them and it feels so "wrong" when visiting other countries where they still use the old fashioned, dirty, torn, grubby scraps of paper :). Cheers, Bill.
Quote from: ozzie Bill. on May 27, 2014, 10:45:51 PM
In my opinion the plastic are way better. They last longer, look better, retain their colour, stay wrinkle free and, most importantly they do not tear. Love them and it feels so "wrong" when visiting other countries where they still use the old fashioned, dirty, torn, grubby scraps of paper :). Cheers, Bill.
And they don't disintergrate when they go through the wash.
And before any of you wits add the comment - no, I don't mean money laundering either :)
Kind regards
Geoff
Quoteif these notes are in any way wrinkled Or bent, they STAY wrinkled and bent!!!
Makes them great for Origami :laugh:
Seriously though far better than grubby paper, so much better to handle and as is said they wash really well !
Having handled them regularly myself (oo-er misses!) in my previous job I was quite impressed by them (as well as 'imprest' - sorry, accountant joke :D ). Average lifespan of a paper note is very short and with the state of some of them you wonder what you're picking up off them :worried:
Don't know why we haven't moved to plastic notes a long time ago :no:
Paul
Sprintex
Re: 'Don't know why we haven't moved to plastic notes a long time ago'
Tradition old chap, tradition! Can't have these newfangled plastic things, sir, it'll scare the horses, damage the economy and ruin the country. Besides-which the Memsahib will never stand for it (Hurumph, Hurumph) ...
(And no, I'm not of that generation, in case you wondered; but only just :hmmm:)
If anyone doesn't want their old grubby wrinkled notes I'll take them
and give them a good home.
They are rubbish for lighting cigars - burn well, but plasticky aroma that ruins the taste of the cigar. They will never catch on at my club!
From what I've heard, they look and feel horrible, no-one wants them and they are the result of a dodgy deal between the government and the suppliers (allegedly). ;)
All for the rich ...stops the cocaine rubbing into the paper :-)
At least retailers won't be able to say 'no' when asked 'Do you take plastic?' :D
Yes, I have also read reports that many of the claims made for plastic notes are straight off the manufacturers pamphlet without any actual figures to back them up...
And the current cotton-paper blend bad boys will happily survive a quick trip through a washing machine... just the one trip though... and survive is a loose definition... :hmmm:
Quote from: captainelectra on May 28, 2014, 07:01:14 PM
From what I've heard, they look and feel horrible, no-one wants them and they are the result of a dodgy deal between the government and the suppliers (allegedly). ;)
Also being made of plastic they lose 10% of their intrinsic value. Just another government move to devalue your currency.
Another problem is they are more slippery so tend to slip easily from your grasp. Never seem to accumulate enough of them.
Actually no problem with use.
From what I've heard, they look and feel horrible, no-one wants them
Not sure who has fed you this line, but they are really good, from all angles and, no, I don't work for the Aus Mint or securency (who invented and make them).
and they are the result of a dodgy deal between the government and the suppliers (allegedly). ;)
cannot answer for UK, but not the case in Aus or even most other countries as far as I know - although there was a bit of funny business in Vietnam!
cheers, Bill.
When I first got to Australia, I didn't like them preferring the much more detail in US notes. After a short while, I came to appreciate them for a lot of reasons mostly durability and safety. They are extremely hard to counterfeit.
As to intrinsic value, a $50 note that costs a 10c piece to produce makes a mockery of that notion. Banknotes really have no intrinsic value at all anyway.
I got used to them. A funny story though. A friend of mine didn't like how wrinkled his $5 note was so he took an iron to it and made an instant key chain tag from it. No kidding. Then, thinking it was just too hot, tried a second one. If I hadn't been there when he did it, I would not believe it. No amount of arm waving could stop him. It all happened too fast.
I nearly spilled my beer.
Ours come in pretty colours. :D
Quote from: Sprintex on May 28, 2014, 04:57:52 AM
.................... I was quite impressed by them (as well as 'imprest' - sorry, accountant joke :D ).......
I saw what you did there ;)