Kuwait New Plastic Cash

Kuwait is planning to replace traditional paper notes with the plastic notes “polymer material”, which can survive heat, humidity and dust.

While The Bank of England is still skeptical, four months ago (June 11th), the central bank of Kuwait made a contract with De La Rue to print the new currency, taking into consideration aesthetic and security criteria by providing the optimal integration of all security features, and will have new and clear print with added new features for the visually impaired.

Eighty five per cent of bank notes in the world are still printed by the state and just 30 nations have adopted polymer notes in the 25 years since Australia paved the way, according to The Financial Times.

If Kuwait finished printing the new currency, it will be the first country in the GCC region and the middle east to issue the plastic banknotes.