New US dollar bills will not be polymer – Fed official

Dollar and magnifying glass

It is unlikely any of the new US dollar banknote denominations will be printed on polymer, according to an associate director of the US Federal Reserve Board.

Speaking at the ATM & Cash Innovation Europe conference today (June 14), Michael Lambert said every country should analyse their own counterfeit risk when evaluating whether a move to polymer banknotes would be beneficial.

“We don’t have any immediate plans to change our substrate,” Lambert told Central Banking following his presentation