Note Printing Australia: Difference between revisions

In the mid 1960s Australia was hit by forgeries of the newly introduced $10 paper decimal note.<ref name="Our Currency">{{cite web|title=Our Currency|url=http://www.dfat.gov.au/facts/currency.html|website=Department of Foreign Affairs and Trade|publisher=Australian Government|accessdate=16 June 2014|date=November 2009}} {{dead link|date=October 2016}}</ref><ref name="The Money Changers">{{cite news|last1=Shand|first1=Adam|title=The money changers|url=http://www.theaustralian.com.au/news/features/the-money-changers/story-e6frg6z6-1226387544763#|accessdate=16 June 2014|work=The Australian|publisher=News Corp Australia|date=8 June 2012}}{{paywall}}</ref> These forged notes were of a high quality and difficult to identify.{{Citation needed|date=June 2014}} In response, the [[Reserve Bank of Australia]] and Note Printing Australia commissioned the [[Commonwealth Scientific and Industrial Research Organisation|CSIRO]] to find better ways to secure the Australian currency. This led to the development of the [[polymer note]], which the NPA took into production and introduced in 1988.<ref name="Our Currency" /> NPA has since focused heavily in promoting the benefits of the polymer technology they developed. According to internal RBA documents, NPA's printing costs in 2012 were 34¢ per note.<ref>{{cite news|last1=Shand|first1=Adam|title=RBA 'wasting $50m a year' on print subsidiary|url=http://www.theaustralian.com.au/national-affairs/policy/print-subsidiary-costing-a-mint/story-fn59nsif-1226482958793#|accessdate=13 June 2014|work=The Australian|publisher=News Corp Australia|date=28 September 2012}}</ref> These notes contain tallow which is a hard animal fat and is often avoided by Vegetarians and certain religious groups.<ref>{{cite news|url=http://www.abc.net.au/news/2016-11-30/anger-over-animal-fat-used-in-britian's-new-polymer-currency/8077676}}</ref>