Hong Kong prints first Plastic Dollars
In Hong Kong, the first plastic banknotes will be issued on a trial basis this year, says the Hong Kong Monetary Authority.
The trial will be for 10 Hong Kong dollar bills, made of polymer. The design will be very similar to the current paper notes only with some small changes.
Although the cost is slightly more to produce, the new notes are supposed to be more durable and will last for 9 years as well as being more environmentally friendly.
So in the long term, it could cost less to produce.
By Sun Tzu on 12-03-2007
Comment by Eoghan
May 20th, 2007 at 4:38 pm
The Euro notes are printed on plastic already.
Comment by Christopher
May 29th, 2007 at 6:13 am
The Isle of Mann first introduced plastic bank notes as far back as 1983.
Comment by Sun Tzu
May 29th, 2007 at 8:52 am
It should prolly be said that the article does not claim they are the first in the world… Just the first of the plastic ones in Hong Kong.
Comment by murray
June 5th, 2007 at 4:08 am
Australia has the best
Comment by Elwyn Jenkins
June 18th, 2007 at 7:04 pm
Australian notes have been polymer since 1988. Australia was the first to introduce several safety features into the polymer notes making it the first to make a hologram style optical device. With the Australian devices the banknotes are very difficult to counterfeit.
Comment by caedes
July 4th, 2007 at 1:23 pm
I’m sure there’s so many people who want to counterfeit the Australian Dollar.
Comment by Benny
July 10th, 2007 at 11:33 pm
Designs for the Hong Kong Currency gets better and better. Hopefully, their new currency designs will help to prevent any counterfeiting problems in the near term future.
Comment by Benny Wong
July 11th, 2007 at 2:36 am
Hong Kong’s HSBC 1000 dollar note circulated between 1997 and 2002 were one of the many currency designs experiencing the most counterfeiting problems. The rest of the currency designs are not experiencing any severe counterfeiting problems at all. Hong Kong keeps its new and old currency in circulation. Hong Kong is one of the many countries with colorful currency designs. Probably because of this reason, Hong Kong has attracted many people to have a dream of wanting to live there. This could also probably be another reason why Hong Kong, Canada and the United States are viewed as one of the countries with the most opportunities.
Comment by david
December 14th, 2007 at 10:18 am
caedes, you might be surprised that the Australian Dollar is the sixth most traded currency in the world, behind the U.S. dollar, the euro, the yen, the pound sterling, and the swiss franc.
Comment by Matthew
February 18th, 2008 at 1:56 am
The Euro is not plastic. It is paper.
Comment by Matthew
February 18th, 2008 at 1:57 am
No.
Comment by how to save money
July 19th, 2008 at 12:59 pm
Just when you think you cant learn anymore. After reading your blog I now understand “online stock buying”. Thank For the great post!
Comment by how to trade currnecies
October 3rd, 2008 at 12:31 am
Good Blog. Great post. Keep up the good work.