Note Printing Australia: Difference between revisions

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'''Note Printing Australia''' (NPA) is a wholly owned subsidiary of the [[Reserve Bank of Australia]] (RBA) that produces [[banknote]]s and [[passport]]s. It was corporatised in July 1998 and is located in [[Craigieburn, Victoria|Craigieburn]], Melbourne. NPA has its origins as a subsidiary of the [[Commonwealth Bank]] and was established in 1913 to print banknotes for Australia. After printing paper banknotes for 75 years, NPA introduced the first [[polymer banknote]] technology in 1988. NPA print banknotes for several other countries as well as Australia due to the high standards of durability and difficulty of counterfeiting.
 
==NPA polymer banknotes==
In the mid 1960s Australia was hit by forgeries of the newly introduced [[Australian ten-dollar note|$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 |url-status=dead |archiveurl=https://web.archive.org/web/20110928075611/http://dfat.gov.au/facts/currency.html |archivedate=28 September 2011 }} </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> In response, the [[Reserve Bank of Australia]] and Note Printing Australia commissioned the [[CSIRO]] to find better ways to secure the Australian currency. This led to the development of the [[polymer banknote]], 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>
 
===Use of NPA polymer banknote technology by other countries===