Plastic money: Australia's plastic bills make life difficult for counterfeiters
Wednesday, April 7, 2010 - 10:28
in Mathematics & Economics
(PhysOrg.com) -- Counterfeiting money is the "second oldest profession in the world" -- a profession that truly took off with the introduction of paper money. In order to spoil things for counterfeiters, Australia introduced the world's first banknotes made of plastic in 1988. David H. Solomon at the University of Melbourne was part of an interdisciplinary team of scientists that developed these bills. In an essay in the journal Angewandte Chemie, he and co-author Emma L. Prime trace the technically challenging route to the development of the plastic banknote.