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DreamFLight911

Plastic banknotes to start in 2016, Bank of England says

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I heard on the news this morning. What are everyone's feelings?

 

I think the move to plastic based currencies is in the future for all countries. It's really a "when" issue not an "if". Once the paper stronghold on US Congress is broken, I can see major changes to US currency. I'm guessing within the next 6 years we'll see a reduction in the $1 note production as well as more legislative moves to strengthen the dollar coin. Perhaps a $2 and $5 coin as well.

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One big thing - Ted Kennedy is out of the picture - his "in" with Crane and Co was a big factor in keeping paper money from being changed more than Crane and Co could handle. Kennedy did a fantastic job of looking out for his donors and people in Massachusetts. Cannot say the rest of the country benefited so much though.

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My main fascination is the reduction in size of the notes - paper/plastic changes don't generally involve a size change as well (and in recent decades, most currencies have already been "small size" though the British £50 is still a relatively large sized note.

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My main fascination is the reduction in size of the notes - paper/plastic changes don't generally involve a size change as well (and in recent decades, most currencies have already been "small size" though the British £50 is still a relatively large sized note.

 

From collecting British notes - the size reductions over the last century are pretty dramatic.

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