Mauritius | Finances

May 26, 2013

The Bank of Mauritius Will Issue Plastic Banknotes Soon

The Bank of Mauritius will soon issue banknotes plastic, specifically polypropylene. This was announced by Deputy Prime Minister and Finance Minister Xavier-Luc Duval, on his Facebook page, in the evening this Friday, May 24

" The Bank of Mauritius will soon be issuing polymer (plastic) bank notes to replace existing paper bank notes. These last longer, are more resistant to counterfeit and are more cost effective, "wrote Xavier-Luc Duval on the social network.

According to our information, the Grand treasurer gave permission to the Bank of Mauritius to issue the new notes, which will affect the time for breaks Rs 25, Rs 50 and Rs 500. They will be circulating in the coming months. "These tickets plastic be used in conjunction with traditional cuts," officials said.

Xavier-Luc Duval said on Facebook that traditional tickets will be withdrawn from circulation gradually.

Two million notes of Rs 500 will be issued plastic. The number of cuts of Rs 25 and Rs 50, which will be issued, has not yet been decided at this stage. 

Australia was the first country in the world to produce its plastic banknotes in 1988. They have the distinction of being difficult to tear and are highly resistant to water. Their lifespan is 4-5 times longer than traditional tickets.

 

 

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