Australian polymer notes are shredded and recycled into other plastic products (trays at fast food outlets?!)
Simply put, coins can last 20+ years.
Paper (low value) notes won't last more than a year or so. Higher value notes can last up to 3 years... if you are lucky.
Polymer notes can last up to 3 years as a starting point.
So the cost to print and circulate a polymer noteis cheaper than paper notes.
Slashdot Mirror
Australian polymer notes are shredded and recycled into other plastic products (trays at fast food outlets?!) Simply put, coins can last 20+ years. Paper (low value) notes won't last more than a year or so. Higher value notes can last up to 3 years ... if you are lucky.
Polymer notes can last up to 3 years as a starting point.
So the cost to print and circulate a polymer noteis cheaper than paper notes.