Sunday , October 6 2024

These countries do not have paper currency, learn how to deal with notes

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It has been announced to stop 2000 rupee notes in the country by September 30. Many are calling it demonetisation 2.0. On the other hand, sources connected with the government say that there was a fear of increasing black money in the country with the 2000 note. With this the life of these paper notes also ended. Due to which this step has become necessary. With this decision of the government, the discussion of currency notes has once again started in the country. But do you know that there are 23 countries in the world where plastic notes are used instead of paper notes. 6 of these countries have completely replaced their currencies with plastic notes. You may be surprised to hear this but it is absolutely true. So know which are the 6 countries where completely plastic currency is in circulation.

Australia

Australia was the first country in the world to introduce plastic currency in the year 1988 itself. It is the only country in the world where polymer notes are produced. These notes are also exported to other countries.

New Zealand

New Zealand is a neighboring country of Australia. In the year 1999, he replaced paper currency with polymer i.e. plastic currency. This currency is called New Zealand Dollar there. The smallest such note is $5 and the largest is $100.

Papua New Guinea

Papua New Guinea is a small island country in the Pacific Ocean. It got independence from Australia in the year 1949. Despite this, the Australian dollar currency continued to exist there until 1975. He then adopted a new currency known as the kina. Around the year 2000, this currency was replaced by plastic notes.

 

Brunei

Brunei is a small Muslim country in Southeast Asia. This country is counted among the richest countries in the world. The currency there is called the Brunei Dollar. Brunei has also started using plastic notes after the cases of fake notes have increased in the country.

Vietnam

Vietnam is a country in Southeast Asia. He introduced the plastic currency to the world in the year 2003, which is called Vietnamese Dong. The largest note there is 5 lakhs, which is considered equal to 20 US dollars.

 

Romania

Romania is the first and only country in Europe to adopt plastic banknotes. The currency of that country is called Romanian Leu. Only in the year 2005, the government changed the Romanian currency notes to polymer notes.

Why are countries considering plastic notes better?

According to economic experts, the world’s plastic currencies contain a lot of dirt and moisture. It is also very difficult to copy. They last about two and a half times longer than paper notes. This is the reason why their trend is increasing in the countries of the world. Don’t be surprised if you see such notes circulating in India in the future.