Tuesday, October 15, 2019

Cleaner, Safer, Stronger EC Banknotes Coming In June

The Eastern Caribbean Central Bank (ECCB) has announced that come June 2019, it will be putting polymer banknotes which are cleaner, safer and stronger, into circulation.

According to the bank’s official website, the circulation will commence with the new $50, followed by the $100, $20 and $10 in August-September and the $5 in 2020.

The ECCB said paper and polymer banknotes will be in circulation at the same time.

“In conducting your business you may receive both polymer and paper banknotes,” the institution advised.

The bank disclosed that polymer banknotes are produced from a thin, transparent and flexible plastic film made from polypropylene.

Explaining the change from paper to polymer, the ECCB noted several advantages.

“Polymer banknotes stay cleaner than paper notes as they are resistant to dirt and moisture,” the bank stated.

It also asserted that polymer banknotes can incorporate advanced security features which make them more difficult to counterfeit.

In addition, the ECCB observed that polymer banknotes last at least two and a half times longer than paper notes, making them more environmentally friendly.

 

 

1 COMMENT

  1. My condolence to the family of the 2 young men lost as a result of the accident but my msg is not for them but to those who are still riding and still have a chance to live longer.bikes don’t have a mind,you do.all they provide are speed,adrenaline rush,and a taste to be macho and show off.whatever you drive has an accident risk but bikes carry no shields of a front that you may stand a 30% chance of survival.it may not have been their fault for the accident but bikes you guys need to be more careful,follow traffic laws ,wear ur helmets and most or all cut down on the speeding cause it only give you speed to your grave.as a parent when ur son has a bike you can never go to sleep until you know that bike is in your yard or off…these bikes are taking too many of our young men and leaving children fatherless at such an early age……so be more careful rides and wear your helmets…. rip young men….

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