Financial Times (December 21, 2013)
2013/ 12/ 22 by jd in Global News
The UK is set to adopt “funny money,” abandoning paper currency for polymer. In 2016 the Bank of England “will begin introducing plastic notes that can be wiped clean and are difficult to tear. These are expected to last two-and-a-half times as long as the cotton and linen variety, which can quickly become ragged and soiled.” The UK will be following Australia, where paper currency was eliminated in 1996, resulting in a significant decrease in counterfeiting.
Tags: Australia, Bank of England, Counterfeiting, Currency, Paper, Plastic, UK
