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Re:The Painstaking, Secretive Process of Designing New Money by grecy on Sunday September 11, 2016 @05:27AM (#12472620)
Australia has had polymer banknotes for 25 years now. Canada just went polymer, using the same printing presses as Australia (the first Canadian 20s were actually printed in Australia until Canada could get their own printing presses)

As a world traveler, I'm always excited when I see countries that have gone to polymer notes - even poor ones - Guatemala years ago, Guinea now has a polymer note.

I'm still utterly shocked the US does not have polymer banknotes. Sometimes I think "because that's the way it's always been done" will be the end of moving forward in the US.

Re:The Painstaking, Secretive Process of Designing New Money by vlehto on Sunday September 11, 2016 @07:23AM (#12472893)
I'm european and recently got some new dollars because I was flying to Peru and had to spend a night in U.S.

I remember laughing out loud to U.S. funny-money. It's texture is closer to toilet paper than what I'd expect from the worlds most worshiped currency.

Re:The Painstaking, Secretive Process of Designing New Money by jpatokal on Sunday September 11, 2016 @07:42AM (#12472938)
And all the bills look identical, have identical colors (although the latest series finally introduced some variation) and are the same size!
Re:The Painstaking, Secretive Process of Designing New Money by fennecfoxen on Sunday September 11, 2016 @09:31AM (#12473264)
The "same size" has ADA implications for low-vision persons, so it's possible that'll change some time. It has some advantages, though, for places that handle cash to have it all the same size (cash drawers, wallets, vending machines, etc).
Re:The Painstaking, Secretive Process of Designing New Money by prawn on Sunday September 11, 2016 @11:50PM (#12477067)
Once tipped a guy $11 for telling me an interesting story because I mistook the $10 as a second $1. Baffles me that the US hasn't upgraded.
Re:The Painstaking, Secretive Process of Designing New Money by bane on Sunday September 11, 2016 @11:52AM (#12473924)
I have a feeling the next generation of U.S. notes will probably end up as a polymer. A friend of mine worked for a while with the Bureau of Engraving and Printing about a decade ago and said that polymer notes were being tested, but at that time, none could survive the very rigorous durability testing the U.S. uses while the linen paper just barely managed to.

But we're in to second or third generation of polymer notes now and the chemistry has improved to the point where they'll make it through the ringer. However, like this article points out, banknote R&D has many years of work behind each issuance, the new U.S. notes that are just now coming out started development 10-15 years ago and the new ones use a new paper formulation. Bonus, the U.S. gets the benefit of observing the results of field usage for other nation's banknotes before committing to a couple trillion dollars in cash printing (more than any other nation).

Here's a brief video on the evolution of the U.S. Banknote https://www.youtube.com/watch?v=QjLD2B5I9yk

https://www.youtube.com/watch?v=2DaVsmsHq0E

Here's some videos on the type of durability testing from Canada's new bills

https://www.youtube.com/watch?v=8odUVIAXPS8

https://www.youtube.com/watch?v=-lDHLNgtzao

and an example of where they fail the test https://www.youtube.com/watch?v=znfOzuCBpAc

Re:The Painstaking, Secretive Process of Designing New Money by fennecfoxen on Sunday September 11, 2016 @09:28AM (#12473248)
> I'm still utterly shocked the US does not have polymer banknotes.

US banknotes are tougher paper than other non-polymer banknote papers, and their longevity is remarkable. They're tough enough that it's still more economical to print new $1 bills then to switch exclusively to a dollar coin (even assuming everyone used the dollar coin.)