The Plastic Banknote: From Concept to Reality
'Have you got any ideas on how to make a better banknote?' In the late 1960s, the detection of counterfeit banknotes and the rise of new photographic and copying technologies prompted the Reserve Bank of Australia to explore options for increasing the security of currency. A top-secret research project, undertaken by CSIRO and the Bank, resulted in the development of the world’s first successful polymer banknotes. This technology is now used in over 30 countries. This book describes the story of the Currency Notes Research and Development project from its inception in 1968 through to the release of the $10 Australian bicentennial plastic banknote in 1988. It exemplifies a market-driven project which resulted in advances in science, technology and approaches to commercialisation, and a fundamental change in banknote security.
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From rum to plastic banknotes
Producing Australian banknotes
The first two meetings
What to do next?
1972 to 1974
The Mornington think tank
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Addison agreed agreement Applied Organic Chemistry appointed Bank and CSIRO Bank project Bank’s birefringence Brown business model Catpix Chairman circulation clear area CNRD Committee CNRD project CNRD technology commercial commercialisation Coombs counterfeit Craigieburn CSIRO Division CSIRO Executive CSIRO team currency notes D.H. Solomon design freeze diffraction grating discussions Division of Applied Division of Chemical embossing equipment Fink report Fishermens Bend forgery Forward Planning Group Four-Nation Group Governor H.C. Coombs included incorporated industry intaglio printing involved June laminate liquid crystals Manager Melbourne moiré patterns Monty Brown Mornington Note Issue Department Note Printing Branch Officer Operation Bernhard optically variable devices Order of Australia Organic Chemistry organisations paper banknotes Parr patent plastic banknotes plastic note Plate polymer polymer banknote polypropylene problem production proposal recognised research and development Reserve Bank Sceats scientists security devices security features simulated Sirotech staff substrate Sydney T.H. Spurling Tangalooma technical Thredbo