The Plastics Blog
By Don Loepp | About The Plastics Blog

Small country introducing plastic coins

By Don Loepp | August 20, 2014 10:48 am ET
Keywords:

You've heard of countries adopting plastic currency, to replace paper money. How about plastic coins, to replace metal?

It's hard to believe but true. The tiny republic of Transnistria is introducing composite coins that it claims are difficult to counterfeit.

Extra credit goes to Plastics Blog readers who have heard of Transnistria before, or by its other names including the Pridnestrovian Moldavian Republic.

I confess I had not heard of it before today, and I had to look it up to make sure it's a real place. Indeed, Transnistria is real. Not like Freedonia or Fenwick.

Transnistria is located on the Dniester River, between Moldova and Ukraine. Formerly part of the Soviet Union, it is not recognized by any United Nations member state, but it has a government, national anthem, flag, postal system ... and currency.

And that's where the plastic comes in.

According to News of Pridnestrovia, the country's official information agency, the Republican Bank of Pridnestrovie introduced composite coins with face values of 1, 3, 5 and 10 Transnistrian rubles on Aug. 22. The coins were minted in Russia, and the designs have some unique features: various geometric patterns; special tactual properties; luminescence when exposed to infrared and ultraviolet rays; and elements with selective infrared absorption, according to the report: "New monetary units in circulation."

Image By: News of Pridnestrovia

The story does not identify the composite materials used to make the coins, but notes that they are "characterized by a higher degree of strength and durability, which will limit (or even exclude) the potential for counterfeiting."

I don't imagine that counterfeiting Pridnestrovian rubles would be a profitable undertaking, with the exchange rate set at 11 rubles to one U.S. dollar. But many nations already use plastic banknotes in much larger denominations, and the anti-counterfeiting technologies available to plastics converters are substantial and quite effective.

Perhaps these plastic coins will catch on — with Transnistria leading the way.


Recent Blog Posts

Cool dad breaks Hot Wheels record   April 23, 2015 4:20 pm ET
Molding company founder and art collector makes headlines in Chicago   April 22, 2015 11:05 am ET
People who ditch single-use plastic bags eat more cookies   April 20, 2015 11:38 am ET
From space to Earth   April 8, 2015 11:31 am ET
Plastics recyclers suffering, PN pricing in the news   April 6, 2015 11:43 am ET
Plastic gets official for March Madness   March 19, 2015 10:47 am ET

Comments

Small country introducing plastic coins

By Don Loepp

Published: August 20, 2014 10:48 am ET
Updated: August 20, 2014 12:14 pm ET

Post Your Comments


Back to story

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events