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August 2012
| Vol 10 | No 8
Reproducing Currency News is an illegal infringement of Currency Publications Ltd's copyright. Currency Publications Ltd 2012
Case Study
August 2012
| Vol 10 | No 8
Bank of Jamaica...cont
the Bank decided to retain cotton for
the $5,000 (introduced in 2010, it has
a life of 36 months and, in any case, the
main security feature, Optiks, is only
compatible with cotton paper).
Varnished paper coupled with a
post-print varnish was chosen for the
$1,000, $500 and $50 notes which, says
the Bank, should increase their circulation life by up to 50%. This option has
the advantage of increased durability
and the retention of the existing security features, although the possible disadvantage that the varnish could crack.
The soil resistance of these notes will
be carefully assessed.
As for the $100, the option for polymer was discounted because it would
involve a redesign, the loss of the traditional security elements and the resulting need for a public education campaign, combined with changes in
processability and online destruction.
Ink abrasion was also a concern.
This left composite notes. The
paper/polymer/paper option was not
considered suitable since there is, as
yet, no reference note, an element of
redesign would be required, since the
first note is yet to be launched the substrates resistance to soiling is not
known, and there is a monopoly of supply.
The chosen option was, therefore,
Hybrid, on the basis that it has excellent anti-soiling properties and
mechanical strength, and retains its
brightness much better than other substrates (it scored 2.2 in the loss of
brightness Delta L tests, compared
with coated cotton at 12. 4 and standard cotton at 22.4). At the same time,
however, it has the same look and feel
as cotton substrates - in particular the
quality of the intaglio. It also allows the
retention of the all the traditional
security features, so no additional public education would be required.
While the upfront cost of switching
Currency News
| Page 7
Fig 3: Comparison of ACL on various substrates different substrates for the $100 (the higher ACL/cost ratio is indicative of
a higher benefit to the Bank)
Fig 4: Projected increase in the circulation life of the four main denominations of Jamaicas banknotes
Reproducing Currency News is an illegal infringement of Currency Publications Ltd's copyright. Currency Publications Ltd 2012