Egypt to Produce Plastic Banknotes

Reporting and discussing local, national and international news items.

Moderators: DJKeefy, 4u Network

Post Reply
User avatar
Winged Isis
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 3867
Joined: Thu Jul 05, 2007 2:38 pm
Location: Australia
Has thanked: 824 times
Been thanked: 766 times
Gender:
Australia

Egypt to Produce Plastic Banknotes

Post by Winged Isis »

EGYPT TO START PRODUCING PLASTIC BANKNOTES BY 2020
Polymer will be used for a number of benefits.

CAIROSCENE TEAM

12/12/2018 13:52

The Governor of Egypt's Central Bank, Tarek Amer recently announced the bank’s plan to launch polymer currency by the year 2020, according to Shorouk News.

Having a longer lifespan than paper currency, plastic currency is said to leave less of a footprint on the environment when compared to paper. Plastic banknotes are also already being used in a number of other countries like the United Kingdom, Canada and New Zealand, with the first one being issued in Australia in 1988.

Amer adds that switching from paper to plastic will have positive benefits on Egypt's currency market and will help in decreasing printing costs as well as improve the quality of the notes. Amer goes on to explain that the new plastic banknotes will be of the same size as the current paper banknotes and with the same design.

Plastic banknotes have the added benefit of being harder to forge than the paper ones as they are embedded with security features in that they use metameric inks . Metameric inks are inks that are of the same colour when examined under specific conditions, usually daylight but change hues under different wave lengths.


http://cairoscene.com/Buzz/Egypt-to-Pro ... es-by-2020


Carpe diem! :le:
User avatar
Dusak
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 6190
Joined: Sun May 11, 2008 2:29 pm
Location: LUXOR
Has thanked: 3241 times
Been thanked: 3812 times
Gender:
Thailand

Re: Egypt to Produce Plastic Banknotes

Post by Dusak »

I can almost here the protests from sixty five thousand trillion forms of bacteria shouting their protests concerning their soon to be homeless existence. :lol:
Life is your's to do with as you wish- do not let other's try to control it for you. Count Dusak- 1345.
User avatar
Who2
Egyptian God
Egyptian God
Posts: 7911
Joined: Fri Jul 16, 2010 12:04 pm
Location: Laandaan
Has thanked: 1113 times
Been thanked: 3214 times
Gender:
United Kingdom

Re: Egypt to Produce Plastic Banknotes

Post by Who2 »

Good here's 105le I removed from my washing machine yesterday lol...... 8)
15280
"The Salvation of Mankind lies in making everything the responsibility of All"
Sophocles.
User avatar
crewmeal
V.I.P
V.I.P
Posts: 1033
Joined: Sat Jun 13, 2015 7:54 am
Location: New Waltham Lincolnshire
Has thanked: 169 times
Been thanked: 320 times
Gender:
United Kingdom

Re: Egypt to Produce Plastic Banknotes

Post by crewmeal »

Who2 - Did you use a bacterial agent in your washing machine?
Post Reply
  • Similar Topics
    Replies
    Views
    Last post