Paper-based banknotes still outnumber polymer substrates

Most banks do not plan adoption of new substrates

Paper substrate remains the most used material for banknote printing among participating institutions in the Currency Benchmarks 2022.

Over half or 17 (56.7%) of 30 central banks use paper exclusively for printing, representing a slight decline from 18 banks in the past year’s benchmark. By contrast, five (16.7%) respondents said they use polymer only, representing an increase over four banks in the past benchmark. The 2021 and 2022 benchmarks did not have identical samples of responding

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