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Are polymer banknotes the right fit?
Bank of Jamaica began issuing polymer banknotes in 2023..
Letters
May 13, 2024

Are polymer banknotes the right fit?

Dear Editor,

I am writing to express my concerns regarding Jamaica’s recent transition to polymer banknotes.

While the Government has argued that these new plastic banknotes are more durable, I have found that they are actually less durable compared to the previous paper currency. The print on these polymer notes cracks and comes off quickly, even after a short period of circulation. Additionally, I have noticed that these notes are not easily recognised by certain money machines, such as automated teller machines and gambling boxes.

As a graphic designer, I have personal experience with metallic prints on plastic material and I can attest that they do not withstand wear and tear well. Metallic prints, such as the holograms and special features on the new Jamaican banknotes, tend to deteriorate quickly, especially in a humid climate like Jamaica’s. It seems that plastic print money may be better suited for countries with less humidity, and where physical interaction with cash is minimal.

To support my observations and intuition I would like to cite reputable real-world data from respected sources on the disadvantages of polymer banknotes and the experiences of other countries.

According to an article titled ‘The 5 pros and cons of polymer banknotes’ written by Anika Van Dam, on Royal Dutch Kusters Engineering website, some of the disadvantages of polymer banknotes include:

1) Hard to fold: Polymer banknotes are relatively difficult to fold and force-folding can result in a crease along the fold line.

2) Slippery: The smooth surface of polymer banknotes makes them slippery, which can make them less comfortable to hold, count, and transfer.

3) Sticky when wet: Polymer banknotes can become sticky when wet, which can further hinder their ease of use and cause issues with sorting machines at central banks.

4) Risk of fading: There is a risk that the colours of polymer banknotes may fade, as seen in the case of Nigeria.

5) Use of animal fat: Polymer banknotes often use animal fat, which has raised concerns among vegan and religious groups

Another article, from NotesHobby, titled ‘Polymer Banknotes: The 3 Pros, Cons, and Expert Insights’ highlights the challenges associated with polymer banknotes, including:

a) Elevated production costs: The initial set-up and production of polymer banknotes can be more resource-intensive compared to traditional paper money.

b) Recycling complexities: While polymer banknotes can be recycled, the process requires specialised techniques, and the end product is not suitable for new banknote production.

c) User experience concerns: The sleek texture of polymer banknotes can make them less user-friendly in certain situations, such as counting or handling in humid conditions.

These disadvantages and challenges align with my own observations and experiences with Jamaica’s new polymer banknotes. It is crucial for the Government to consider the long-term durability and recognition issues associated with these banknotes.

I hope that my concerns will prompt further discussion and evaluation of the decision to adopt polymer banknotes in Jamaica. It is essential to ensure that our currency remains durable, recognisable, and suitable for our unique climate and cash-handling practices.

Yannick Nesta Pessoa

yannickpesoa@yahoo.com

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