Polymer substrates used on one-fifth of banknotes
Data reveals widening adoption in upper-middle income jurisdictions
The proportion of banknotes printed on a polymer substate averages slightly over 20%, the Currency Benchmarks 2024 reveal.
Polymer as share of substrates used in banknote printing averages 23.3% across 30 jurisdictions. This is as a transition to polymer remains a goal for many central banks.
Most banknotes are still printed on paper, cotton or textile materials – 43.6% on average are varnished, while 24.5% on average are unvarnished. Other substrates account for 4.6%, coming just ahead of hybrid
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