• UK will introduce plastic banknotes, Bank of England confirms
    65 replies, posted
[QUOTE=O Cheerios O;43222702]Poor rich people, how will they survive? Now they can't light their custom made Cuban cigars with 100£ notes either.[/QUOTE] They still can probably. They'll come out of it with a severe case of poisoning from inhaling plastic fumes. :v:
[QUOTE=Intoxicated Spy;43224616]Did you really patent that? Kind of a dick move, now the US will never do it.[/QUOTE] Much of the technologies used in polymer bank notes were created by the CSIRO (Australian Govt Research agency), who then patented it. A number of the patents were then sold to the Reserve Bank of Australia (the central monetary policy bank) - and they still get fees from that. Though, it wouldn't surprise me if they give out the licence for other reserve banks to have their money printed.
[url=http://www.private-eye.co.uk/sections.php?section_link=in_the_back&issue=1353]Found it. Yeah, polymer notes aren't as good as the manufacturer's press releases make them seem.[/url]
[QUOTE=lazyguy;43224662][url=http://www.private-eye.co.uk/sections.php?section_link=in_the_back&issue=1353]Found it. Yeah, polymer notes aren't as good as the manufacturer's press releases make them seem.[/url][/QUOTE] I don't think I've ever seen the print fade off our notes in Australia. As for counterfeit notes, yes there are still some, but nowhere near as many in paper currencies. The counterfeit notes are also quite easy to spot because they're typically the wrong colour, missing properties like the window, etc. As for the cost of replacing ATM equipt, I doubt it. That said, why do people, other than the shareholders of the bank care?
[QUOTE=DogGunn;43224577]Not only are the notes stronger, better, more durable and prettier, every time you print a note, you also help Australia with our patent fees. Thanks UK![/QUOTE] need to help you colonists again it seems.
[QUOTE=lazyguy;43224662][url=http://www.private-eye.co.uk/sections.php?section_link=in_the_back&issue=1353]Found it. Yeah, polymer notes aren't as good as the manufacturer's press releases make them seem.[/url][/QUOTE] I don't give a shit about any of that. All I care about is that they're waterproof.
[QUOTE=Wiggles;43223665]Some of these BBC comments are hilarious. How many notes do you carry around that they'll feel 'heavier'?[/QUOTE] That second one is really, really funny. [sp]Notes aren't made from paper.[/sp]
[QUOTE=DogGunn;43224697]I don't think I've ever seen the print fade off our notes in Australia. As for counterfeit notes, yes there are still some, but nowhere near as many in paper currencies. The counterfeit notes are also quite easy to spot because they're typically the wrong colour, missing properties like the window, etc. As for the cost of replacing ATM equipt, I doubt it. That said, why do people, other than the shareholders of the bank care?[/QUOTE] All ATMs have to be modified every time a new note or coin is issued IIRC, and they were going to issue the new Churchill and Austen notes regardless of whether they're paper or plastic
monopoly money!
You get used to it quite quickly. When I first arrived in Singapore it seemed odd but it grew on me, after returning to the UK our money seemed filthy. It would make it harder to fold the notes to make the Queen pulling funny faces more difficult though.
About fucking time I'm sick of seeing ratty ass paper notes, at least poly notes will stay together better and not disintegrate like these fucking £5 notes we have currently.
[QUOTE=lazyguy;43224371]Next time someone tries this, just remember that you are not obliged to give change.[/QUOTE] what
Yay!! now the UK can be like canada!
man the UK has some cool banknote designs, i need to pick up a few if i ever go there.
[QUOTE=Map in a box;43223402]Everytime someone says "it can't be counterfeited anymore" on new bill designs, the government still accepts old designs who's to say they can't just counterfeit older designs[/QUOTE] Because eventually the older design will probably get taken out of circulation. Happened with the old £20 notes, nothing to say it won't here.
Money that won't be ruined if it ended up in the washer? Man, that's just gonna promote money laundering.
[QUOTE=Genericenemy;43229315]Because eventually the older design will probably get taken out of circulation. Happened with the old £20 notes, nothing to say it won't here.[/QUOTE] Yeah. The new £20 was introduced in 2007 and the old one stopped being accepted in 2010, which is a pretty rapid turnaround. The Bank of England will always exchange old notes for new ones, but you'd assume they have pretty good anti-fraud protection - you probably wouldn't want to go to them to pass of forgeries.
so if the canadian notes are supposed to smell of maple syrup (or at least people thought they should), what should the british ones smell of?
[QUOTE=OutspokenGolf;43230058]so if the canadian notes are supposed to smell of maple syrup (or at least people thought they should), what should the british ones smell of?[/QUOTE] The easy joke is tea, but I'd prefer to say the British stench of silent disapproval to life.
These aren't the first plastic notes - there's quite a few of these still in circulation: [img]http://imgkk.com/i/y9-x.jpg[/img]
[QUOTE=O Cheerios O;43222611]Makes it so only professional counterfeiters can copy them, and they're also water resistant. What's not to like?[/QUOTE] polymer has a fucking terrible texture and your bills will stick together
[QUOTE=Stroma;43231754][I][B]I think[/B][/I] polymer has a ​fucking terrible texture and your bills will stick together[/QUOTE] ftfy, Australian here and I can't recall a single note ever sticking to another. However, probably depends on the specific materials used in different countries if others are saying that they have stuck together
Wouldn't they cost more to produce? I'm pretty sure plastics cost more than paper.
[QUOTE=Stroma;43231754]polymer has a fucking terrible texture and your bills will stick together[/QUOTE] Having handled Pound notes when I went to England a couple of years back, I can say that I prefer our polymer notes; Pound notes felt so fragile. I guess I'm biased though.
[QUOTE=SBD;43232407]Having handled Pound notes when I went to England a couple of years back, I can say that I prefer our polymer notes; Pound notes felt so fragile. I guess I'm biased though.[/QUOTE] We haven't had pound notes since the '80s?
[QUOTE=lazyguy;43232490]We haven't had pound notes since the '80s?[/QUOTE] I think they mean notes of any amounts in pounds, not a one pound note.
[QUOTE=lazyguy;43232490]We haven't had pound notes since the '80s?[/QUOTE] England doesn't accept them any more but they're still valid and acceptable in Scotland as far as I know. I've got 2 from a couple of years ago that I haven't spent and I haven't seen any since then. What I would like is for 1p and 2p coins to be taken out of circulation. They're such a pain.
[QUOTE=dcalde78;43234486]England doesn't accept them any more but they're still valid and acceptable in Scotland as far as I know. I've got 2 from a couple of years ago that I haven't spent and I haven't seen any since then. [B]What I would like is for 1p and 2p coins to be taken out of circulation. They're such a pain[/B][/QUOTE] Jesus Christ yes please.
I really don't get what the big deal with counterfeiting is. I've worked multiple cashier jobs and counterfeits are usually easy to point out by simply touching them, but if that doesn't work a simple pass under a black-light will filter out 99% of them.
[QUOTE=dcalde78;43234486]England doesn't accept them any more but they're still valid and acceptable in Scotland as far as I know. I've got 2 from a couple of years ago that I haven't spent and I haven't seen any since then. What I would like is for 1p and 2p coins to be taken out of circulation. They're such a pain.[/QUOTE] When the farthing was taken out of circulation in the mid '60s, it was actually worth more then than a 1p piece is today :V: [editline]19th December 2013[/editline] I am in favour of undecimalisation, but that is because I am a maths freak.
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