Finally, Egypt is following the footsteps of countries such as Australia, Brunei, Canada, New Zealand, Papua New Guinea, Romania, Vietnam, and many others.
How you say, well the Central Bank of Egypt (CBE) just decided that they will start circulating Polymer banknotes by the year 2020.
According to a statement made by CBE’s Governor, Tarek Amer, on Wednesday that Egypt just decided to move to Polymer banknotes (widely known as plastic banknotes) because they do last as twice as long paper notes, adding that this decision will, in turn, reduce the costs of printing banknotes thus saving the country tons of money!
I know what you’re thinking; The whole world is refraining from using plastic, why would our government consider using it now? Well, the answer is simple: producing Polymer banknotes will definitely decrease the environmental impact, hence fewer trees cut down for paper notes and they’re said to be easier to recycle than paper notes.
Polymer banknotes are usually made from biaxially oriented polypropylene (BOPP), which is a thermoplastic polymer used in a wide variety of applications. It is produced via chain-growth polymerization from the monomer propylene.