THE USE OF CLEAR INTAGLIO ON POLYMER BANKNOTES Cross
THE USE OF CLEAR INTAGLIO ON POLYMER BANKNOTES Cross
THE USE OF CLEAR INTAGLIO ON POLYMER BANKNOTES Cross
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<strong>THE</strong> <strong>USE</strong> <strong>OF</strong> <strong>CLEAR</strong> <strong>INTAGLIO</strong> <strong>ON</strong><br />
<strong>POLYMER</strong> <strong>BANKNOTES</strong><br />
<strong>Cross</strong> Conference Oct 30 th , 2007<br />
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate
Polymer Banknotes Issued Since 1988<br />
COUNTRY YEAR DENOMINATI<strong>ON</strong> <strong>INTAGLIO</strong> COUNTRY YEAR DENOMINATI<strong>ON</strong> <strong>INTAGLIO</strong> COUNTRY YEAR DENOMINATI<strong>ON</strong> <strong>INTAGLIO</strong><br />
1988 C$10 Coloured 1996 $1 Coloured 1996 500 Baht Coloured<br />
1992 $5 Coloured 1996 $5 Coloured Thailand 1997 50 Baht Coloured<br />
Australia<br />
Singapore<br />
1993 $10 Coloured 1996 $10 Coloured 1997 50 Baht Coloured<br />
1994 $20 Coloured 2004 $50 Coloured Nth Ireland 1999 £5 Coloured<br />
1995 $50 Coloured Brunei 2004 $100 Coloured Taiwan 1999 NT $50 Coloured<br />
1996 $5 Coloured 2006 $500 Coloured Bangladesh 2000 10 Taka Litho only<br />
1996 $100 Coloured 2006 $10,000 Coloured Brazil 2000 10 Reais Coloured<br />
2001 $5 Coloured 2007 $1,000 Coloured China 2001 100 Yuan Coloured<br />
1990 $50 Coloured 2007 $20 Coloured 2001 50 Dong Coloured<br />
2004 $10 Coloured 1999 $5 Coloured 2003 50,000 Dong Coloured<br />
2006 $2 Coloured 1999 $10 Coloured 2003 500,000 Dong Coloured<br />
2007 $5 Coloured 1999 $20 Coloured Vietnam 2004 100,000 Dong Coloured<br />
New Zealand<br />
2007 $20 Coloured 1999 $100 Coloured 2006 20,000 Dong Coloured<br />
1991 2 Tala Coloured 2000 $10 Coloured 2006 200,000 Dong Coloured<br />
Samoa<br />
1997 2 Tala Coloured 2000 $50 Coloured 2006 10,000 Dong Coloured<br />
1991 2 Kina Coloured 1999 2000 Lei Litho only Solomon Islands 2001 $2 Coloured<br />
Papua 1996 2 Kina Coloured 10,000 Lei Litho only<br />
1998 50 Ringgit Coloured<br />
Malaysia<br />
New 2000 10 Kina Coloured 50,000 Lei Coloured 2004 5 Ringgit Coloured<br />
Guinea 2000 2 Kina Coloured 100,000 Lei Coloured 2002 20 Pesos Clear<br />
2000 10 Kina Coloured 500,000 Lei Coloured Mexico 2006 50 Pesos Clear<br />
Kuwait<br />
Indonesia<br />
2000 50 Kina Coloured 2003 1,000,000 Lei Coloured 2007 20 Pesos Clear<br />
2003 20 Kina Coloured Romania 2005 1 Leu Litho only Nepal 2002 10 Rupee Litho Only<br />
2005 100 Kina Coloured 2005 5 Lei Litho only<br />
2003 500 Kwacha Clear<br />
Zambia<br />
2007 2 Kina Coloured 2005 10 Lei Coloured 2003 1000 Kwacha Clear<br />
1993 1 Dinar Coloured 2005 50 Lei Coloured Chile 2004 2000 Peso Coloured<br />
2001 1 Dinar Coloured 2005 100 Lei Coloured Nigeria 2007 20 Naira Clear<br />
1994 50,000 Rupiah Coloured 2005 500 Lei Coloured Hong Kong 2007 $10 Coloured<br />
1999 100,000 Rupiah Coloured 2006 200 Lei Coloured Guatemala 2007 1 Quetzal Clear<br />
Sri Lanka 1998 200 Rupees Coloured<br />
SUMMARY <strong>OF</strong> NOTES PRODUCED <strong>ON</strong> SECURENCY'S GUARDIAN ® <strong>POLYMER</strong> SUBSTRATE<br />
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate
Polymer Banknotes Issued Since 1988<br />
Demographics of Polymer Banknotes<br />
72; 85%<br />
Litho Only<br />
Clear Intaglio<br />
Coloured Intaglio<br />
7; 8%<br />
6; 7%<br />
Clear Intaglio Polymer Banknotes < 10% of all Polymer Banknotes<br />
issued<br />
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate<br />
Polymer Banknotes Issued Since 1988<br />
Litho Only Polymer Banknotes<br />
All 6 were specified litho only by the customer<br />
Clear Intaglio Polymer Banknotes<br />
Out of 7, 4 were specified clear intaglio by the customer<br />
Mexico, & Nigeria<br />
Only 3 were recommended clear intaglio by PolyTeQ/Securency<br />
after technical review of performance/requirements<br />
Zambia & Guatemala
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate<br />
Polymer Banknotes Issued Since 1988<br />
Clear Intaglio Polymer Banknotes<br />
POSITI<strong>ON</strong> <strong>OF</strong> <strong>CLEAR</strong> <strong>INTAGLIO</strong> DENOMINATI<strong>ON</strong> IN CURRENCY SERIES<br />
COUNTRY<br />
DENOMINATI<strong>ON</strong><br />
Mexico (Pesos) 20 50 100 200 500 1,000<br />
Zambia (Kwachas) 20 50 100 500 1,000 5,000 10,000 20,000 50,000<br />
Nigeria (Naira) 5 10 20 50 100 200 500 1,000<br />
Guatemala (Quetzal) 1 5 10 20 50 100
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate<br />
The Origin of Clear Intaglio Banknotes<br />
The concept originated on paper banknotes<br />
Netherlands: 100 Florin<br />
Mexico: 20 & 50 Peso – specification retained on polymer versions<br />
Issuers considered it a legitimate option for specific reasons<br />
Securency only borrowed the concept!<br />
Advantages for both the Issuer and Printer – in specific cases<br />
For the Issuer – Quality & durability in certain conditions<br />
For the Printer – Efficiency, spoilage
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate<br />
Polymer Banknotes Issued Since 1988<br />
Mexican 20 Peso<br />
Clear Intaglio originally used on<br />
paper version<br />
Also applied to polymer version<br />
Combination of dots and lines<br />
Design changed to incorporate<br />
polymer features but intended to<br />
retain same look<br />
Litho image converted from<br />
intaglioset to dry offset
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate<br />
Polymer Banknotes Issued Since 1988<br />
Clear Intaglio<br />
Line structure<br />
Litho Background
Polymer Banknotes Issued Since 1988<br />
Zambian 1000 Kwacha<br />
Coloured Intaglio used on<br />
original polymer version<br />
Design converted to clear<br />
intaglio, with Intaglio elements<br />
transferred to litho<br />
Note appearance almost<br />
identical<br />
Main differences:<br />
Colour intensity<br />
Colour splits<br />
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate<br />
Polymer Banknotes Issued Since 1988<br />
Coloured<br />
Intaglio<br />
Clear<br />
Intaglio<br />
Litho<br />
Background
Performance<br />
Clear intaglio polymer banknotes<br />
According to figures published by Issuers, clear intaglio polymer<br />
banknotes are achieving their intended objectives<br />
Improved note quality in circulation<br />
Extended lifetime/durability<br />
Cost effectiveness<br />
Without compromise in security (in fact available counterfeiting<br />
figures are still lower than for paper versions)<br />
Clear intaglio polymer banknotes are a useful option for a certain<br />
segment of banknotes<br />
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate<br />
Performance<br />
Coloured intaglio polymer banknotes<br />
Consistently achieving approximately 4x note life of equivalent paper<br />
banknotes in a wide range of countries & conditions<br />
Extended note life primarily defined by ink wear rather than soiling,<br />
limpness<br />
Coloured intaglio polymer banknotes are generally meeting or exceeding<br />
performance expectations
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate<br />
Conclusion(s)<br />
Clear intaglio has proven to be a suitable approach for a specific<br />
segment of banknotes<br />
Low value denominations<br />
Harsh circulation and usage environments<br />
Low counterfeiting threat<br />
Where quality level in circulation is problematic<br />
Where litho-only or a coin would otherwise be considered
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate<br />
Conclusion(s)<br />
As a viable alternative to coin replacement<br />
Where coining a paper banknote is being considered<br />
Viable replacement of coins in certain circumstances<br />
Increase in global metal prices – a significant opportunity to extend<br />
the position of banknotes vis a vis coins
PolyTeQ Services<br />
Global technology support for Guardian ® polymer substrate<br />
Conclusion(s)<br />
Coloured intaglio is as applicable on polymer as it is on paper<br />
Coloured intaglio performs very well on polymer over the extended<br />
life of polymer banknotes in circulation<br />
The large majority of polymer banknotes will continue to be specified<br />
with 1- or 2-sided coloured intaglio<br />
Securency promotes the use of coloured intaglio and its security<br />
value
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