Money to burn, or melt? A cost-benefit analysis of Australian polymer banknotes

Publication Type:
Journal Article
Citation:
North American Journal of Economics and Finance, 2004, 15 (3), pp. 355 - 368
Issue Date:
2004-12-01
Metrics:
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Australia, New Zealand and Romania have all fully adopted polymer (plastic) banknotes, and another 18 countries have issued at least one polymer note. The invention of polymer banknotes in Australia was motivated primarily by concern about counterfeiting. However, this paper shows that the transition was economically advantageous. Within 10 years of the introduction of polymer notes, the net benefit was around $A 90 million ($U.S. 65 million). © 2004 Elsevier Inc. All rights reserved.
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