The Numismatic Bibliomania Society

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V21 2018 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 21, Number 36, September 9, 2018, Article 38

INDIA CONSIDERS VARNISHED BANKNOTES

Once upon a time collectors would apply a coat of lacquer to their coins to help preserve them. But varnished banknotes? The Reserve Bank of India is considering varnishing their notes. -Editor

You have heard of money laundering but what about money 'varnishing'? You have heard of laundered notes but what about 'varnished notes'? RBI proposes to launch varnished banknotes on a field trial basis, as per its annual report for FY17-18 released today.

RBI's annual report says: "In consultation with the Government of India, the Reserve Bank has been exploring the feasibility of increasing the life of Indian banknotes. International experience suggests that varnishing of banknotes is expected to increase their life and durability, reduce the banknote replacement requirements and thereby lower the overall security printing expenditure. It is proposed to introduce varnished banknotes on a field trial basis." Few countries like Kenya and Bank of Zambia already have such banknotes in circulation.

To read the complete article, see:
RBI proposal: Varnished banknotes in your wallet soon (https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-proposal-varnished-banknotes-in-your-wallet-soon/articleshow/65593850.cms)

Thanks to the September 4, 2018 issue of News & Notes from the Society of Paper Money Collectors for the story. Varnishing banknotes is not an upcommon practice. Here's one reference from the Bank of Mexico. -Editor

Besides differences in the performance of the substrate in the printing machines, polymer banknotes must be varnished, a process which had to be modified to take account of Mexico City’s height of more than two thousand meters above sea level which affects how varnish dries. These technical problems which arose during the printing tests were all resolved, and so the project remained economically viable.

To read the complete article, see:
The use of polymer in Banco de México banknotes (http://www.banxico.org.mx/banknotes-and-coins/d/%7B323357DF-7069-AEC2-09F0-7119784E0872%7D.pdf)



Wayne Homren, Editor

Google
 
NBS (coinbooks.org) Web

The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V21 2018 INDEX       E-SYLUM ARCHIVE

Copyright © 1998 - 2012 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.

NBS Home Page
Contact the NBS webmaster
coin