A hybrid paper-polymer banknote or Composite Substrate is a banknote made from a mixture of paper and polymer substance.
Hybrid banknotes are essentially a paper banknote with a polymer patch. A polymer patch/band is applied vertically over the entire height of paper banknote, thus creating a clear window. The height of the polymer window generally measures 74 mm depending on the height of the banknote × 16 mm. Its thickness is 25 microns. Bulgaria was the first country to produce a hybrid paper polymer banknote, in a denomination of 20 Bulgarian Leva in 2005. [1]
Manufactures of hybrid banknotes include Giesecke+Devrient's Hybrid [2] and Varifeye, [3] De La Rue's Optiks, [4] Louisenthal's Hybrid, [5] Landqart AG's DuraSafe [6] and Banque de France's EverFit. [7]
The countries and monetary unions which use hybrid banknotes include:
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Polymer banknotes are banknotes made from a synthetic polymer such as biaxially oriented polypropylene (BOPP). Such notes incorporate many security features not available in paper banknotes, including the use of metameric inks. Polymer banknotes last significantly longer than paper notes, causing a decrease in environmental impact and a reduced cost of production and replacement. Modern polymer banknotes were first developed by the Reserve Bank of Australia (RBA), Commonwealth Scientific and Industrial Research Organisation (CSIRO) and The University of Melbourne. They were first issued as currency in Australia during 1988 ; by 1996, the Australian dollar was switched completely to polymer banknotes. Romania was the first country in Europe to issue a plastic note in 1999 and became the third country after Australia and New Zealand to fully convert to polymer by 2003.
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Giesecke+Devrient is a German company headquartered in Munich that provides banknote and securities printing, smart cards, and cash handling systems.
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The Louisenthal Paper Mill, or Papierfabrik Louisenthal (PL) in regional language, is a German manufacturer of security paper. Founded in 1878, the company has been a subsidiary of the Giesecke+Devrient company since 1964 which is best known as a German manufacturer of banknotes.
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