After the Egyptian decision. What are the advantages of plastic currency and where to use? Sky News Arabic

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Different categories of Egyptian currency consume time and are no longer usable, and this, like many other paper currencies in the world, may not last long.

The Egyptian Central Bank recently announced the intention to issue a plastic currency by 2020, similar to many countries that own this type of currency, such as Britain, Canada and Australia, and to hold the step with the technological development of money printing.

Advantages

The plastic coin is made of ecological polymer and has several characteristics, with a life span of more than 5 times that of paper.

The plastic currency is flexible and resistant to water and also reduces the cost of printing normal money.

Countries that use it

Australia was the first country to use plastic money and completely abolished bureaucratic procedures, this was done in 1996, after being developed by the University of Melbourne in collaboration with the Australian Federal Bank.

Today, six other countries use only plastic coins: Canada, New Zealand, Romania, Brunei, Papua New Guinea and Vietnam, as well as Australia.

Many other countries use the plastic currency next to the paper currency, including Britain, Mexico and Russia, which have not yet completely abolished the use of the currency.

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Different categories of Egyptian currency consume time and are no longer usable, and this, like many other paper currencies in the world, may not last long.

The Egyptian Central Bank recently announced the intention to issue a plastic currency by 2020, similar to many countries that own this type of currency, such as Britain, Canada and Australia, and to hold the step with the technological development of money printing.

Advantages

The plastic coin is made of ecological polymer and has several characteristics, with a life span of more than 5 times that of paper.

The plastic currency is flexible and resistant to water and also reduces the cost of printing normal money.

Countries that use it

Australia was the first country to use plastic money and completely abolished bureaucratic procedures, this was done in 1996, after being developed by the University of Melbourne in collaboration with the Australian Federal Bank.

Today, six other countries use only plastic coins: Canada, New Zealand, Romania, Brunei, Papua New Guinea and Vietnam, as well as Australia.

Many other countries use the plastic currency next to the paper currency, including Britain, Mexico and Russia, which have not yet completely abolished the use of the currency.

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