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Another Threat to the Future of “Paper Money”?

June 18, 2016 in Bank Notes, Collecting, Currency, Design, Education, History, New Releases, News, Numismatica, Numismatics, Opinion

By: Caitlyn Trautwein News.CoinUpdate.com (Coin Update News)

The U.K.'s Churchill £5 polymer bank note. Photo by Michael Alexander.

The U.K.’s Churchill £5 polymer bank note. Photo by Michael Alexander.

 

Paper money today is changing—and it’s changing fast. Close to home, recent developments have included the announcement of redesigns for the U.S. Federal Reserve Notes of the $5, $10, and $20 denominations to include women on our money for the first time in more than 100 years. Further abroad, some countries are attempting to do away with cash entirely, such as Sweden and parts of Europe that are accepting 100% digitalization and mobile banking.

Now the Bank of England is adding to the paper-free advancements by announcing Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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