Costa Rica goes polymer
The Banco Central de Costa Rica has announced its decision to change all the current denominations currently printed on cotton paper to polymer substrate.
The bank’s decision was based on "the high counterfeiting rate of the current cotton paper banknotes, versus the null counterfeiting rate of the 1000 colones notes printed on Guardian™ polymer, which have been in circulation since 2011." The humid climate, the conservation of the environment and the fact polymer notes cost less in the long run because of higher durability are also factors why the BCCR supports the change to polymer.
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