LA REVISTA ANUAL DE GUARDIAN™ LE JOURNAL ANNUEL DU GUARDIAN™ TẠP CHÍ THƯỜNG NIÊN VỀ GIẤY NỀN GUARDIAN™ ISSUE 8 2018 THE ANNUAL JOURNAL OF GUARDIAN™ SPECIMEN: ISSUE 8 TM Contents 2 From the Editor’s Desk BANKNOTE DESIGN The Carbon Trust’s Footprint Label Polymer substrate secures the future awarded to the Bank of England’s of cash. 18 Educating and Recognising 3 new £5 and £10 Guardian™ polymer Guatemalan Designers banknotes demonstrates that these INSIGHT CCL Secure recently launched a denominations will deliver carbon- banknote design workshop and reduction benefits due to their greatly 3 Keeping You Notified competition in Guatemala. extended lifetime. LATITUDE™ Wins 2017 Excellence in Holography Award INDUSTRY STUDY Guardian™ Notes Reduce Carbon 20 Future Challenges for Cash Emissions Handling: The View from GLORY FEATURE STORY Mike Bielamowicz, GLORY’s Chief 4 Guardian™ at the Forefront Marketing Officer, discusses the of Banknote Security challenges cash handlers are facing today and how the industry is adapting As more central banks adopt Guardian™ to change. polymer banknotes, CCL Secure redefines banknote security. TREND ANALYSIS SPECIAL REPORT 22 Banknote Confidence in a BCM’s main reasons for the full Mechanised Cash Cycle conversion to polymer were to 8 Polymer Counterfeits: The make the banknotes safer, cleaner Case of the Mexican $50 Note Maintaining stakeholder confidence in 10 circulating banknotes is usually a core and more durable, and retain Counterfeit rates drop dramatically deliverable or outcome of a central bank public confidence. The polymerisation of when polymer is introduced. However, issuance department. the full series will also save BCM more no banknote is completely counterfeit- proof and polymer banknotes are no than US$4,000,000 per year on banknote exception. 24 The Future of Cash: Meaning management and issuing costs. and Implications for the SPECIMEN EXCLUSIVE Industry In a fast-changing payment landscape, 10 Central Bank of Mauritania’s how can we ensure that banknotes New Guardian™ Polymer remain a trusted payment method? Series On 1 January 2018, the Central Bank of Mauritania began circulating a new banknote and coin family. The RBV has reported no serious ™ counterfeiting attempts and the CENTRAL BANK CASE STUDY Guardian is 14notes are proving significantly more 14 The Vanuatu Experience: durable than the previous paper series. Full Series Now on Guardian™ Polymer 100% recyclable Peter Tari, the Deputy Governor of the Reserve Bank of Vanuatu, talks about the bank’s decision to create a new series of banknotes using Guardian™ polymer technology. 1 SPECIMEN: ISSUE 8 SPECIMEN: ISSUE 8 INSIGHT From the Editor’s Desk Keeping You Notified Editorial Team Polymer substrate secures the future LATITUDE™ Wins 2017 anniversary of the Currency Excellence in Holography Interchangeability Agreement. of cash Award Both notes include the same LATITUDE™ level 1 feature, which Paradoxically, as cash transactions decrease in a fast-changing payment LATITUDE™ has won the 2017 can be validated in both reflection landscape, more central banks are adopting polymer substrate. Excellence in Holography Award and in transmission. This – Best Applied Security Product by substrate-integrated diffractive s Victoria Cleland, Bank of England’s Chief Cashier, explained in an IHMA for the Brunei Darussalam optically variable device, which interview with the Guardian, “Cash is definitely here to stay. That’s and Singapore commemorative uses nanoparticles, depicts Brunei A why it’s important we in the cash industry invest in it, even though $50 banknotes. Darussalam’s Istana Nurul Iman and Singapore’s Istana. transaction demand is going to slow down.” And that is exactly what the ince its inception in 1993, Unlike foils or other banknote Bank of England did. It invested in a cleaner, safer and stronger banknote. the International Hologram holograms, LATITUDE™ is Editor The bank’s efforts to cut carbon emissions and reduce environmental Manufacturers Association integrated into the substrate and Pilar Ruperti impacts, as well as deterring counterfeiting, were recognised recently S (IHMA) has awarded annual is therefore not restricted to a when its £5 and £10 Guardian™ polymer banknotes were awarded the Excellence in Holography Awards to conventional applied patch or Editorial Consultant Carbon Trust’s Footprint Label for carbon footprint reduction. Read more outstanding holographic projects. stripe format. Banknote designers Lorna Hendry on page 3. The Best Applied Security can be more creative, using any In this issue of SPECIMEN, we look at one of the hottest topics in the Product category is intended desired shape or level of intricacy, Contributors industry and examine how Guardian™ polymer substrate can contribute to for products or projects where as well as working in combination Carlos Almenar securing the future of cash in an increasingly mechanised cash cycle. Since a hologram is used as an with the opacification layers to Gustavo Ascenzo the release of the first Guardian™ note in 1988, our polymer technology authentication or security feature. ensure the feature fits seamlessly Tim Berridge continues to evolve at an incredible rate and redefine banknote security, Part of the assessment of projects into the banknote. Bradley Booth but security is just one of the many benefits of Guardian™. Read more on in this category is how well the Highly visible to the public, Brian Hayr page 4. hologram serves this purpose and but extremely difficult for the Brian Lang In countries such as Mauritania and Vanuatu, where cash is the how effectively it is integrated into counterfeiter to replicate, Jaime Pacreu preferred method of payment, central banks have also adopted Guardian™ the product. LATITUDE™ represents a significant polymer for their full series. Read more about their experiences and The recently launched Brunei technological advance. The science Design reasons for switching to polymer on pages 10 and 14. Darussalam $50 and Singapore behind its development is a step Next Brand Strategy The Chief Marketing Officer of GLORY, one of the world’s largest $50 Guardian™ banknotes forward for both polymer substrate & Design suppliers of cash technology solutions, gives us his view on the future commemorate the fiftieth and holograms. DONN STEWART PHOTO: challenges for cash handling on page 20. Cash is here to stay and great design is the key to increasing banknote Guardian™ Notes Reduce Carbon production, circulation and security and maintaining public confidence. Read more about the case of Emissions disposal. the Mexican $50 note and the lessons learnt on page 8. At the 2017 Carbon Trust’s The design possibilities with Guardian™ substrate are endless. £5 and £10 Guardian™ polymer annual awards, the Bank of England CCL Secure’s proprietary features can be applied at various stages of the banknotes have been awarded the was recognised by the Carbon multiple opacification layers to create highly detailed security features. Carbon Trust’s Footprint Label for Trust for exceptional performance To educate the next wave of creative talents on the complexity of polymer carbon footprint reduction. in reducing their environmental banknote design, CCL Secure launched a Guardian™ design workshop and impacts. “The Bank of England competition in Guatemala. Find out more on page 18. he label demonstrates that the is committed to reduce its Bank of England has accurately environmental impacts, and we Happy reading! T measured the carbon footprint have set ourselves a challenging of these denominations, and that 20% by 2020 carbon-reduction they will deliver carbon-reduction target. The bank is honoured to benefits due to their greatly have been awarded the Carbon extended lifetime. Trust’s Best Performance in Product The Carbon Trust has certified Carbon Footprinting award. This is that, over their full life cycle, the a great recognition of our efforts in carbon footprint of a £5 polymer cutting our carbon emissions, and Pilar Ruperti banknote is 16% lower than the the environmental as well as anti- Editor £5 paper banknote, while the counterfeiting benefits of the new carbon footprint of a £10 polymer £5 and £10 polymer banknotes,” banknote is 8% lower than the £10 said Victoria Cleland, Chief Cashier. paper banknote. This certification At the end of their life cycle, was completed in accordance with unfit polymer notes will be the international standard PAS returned to the Bank of England 2050, and considers the full life to be shredded, and then sent to cycle of greenhouse gas emissions be recycled into further polymer PHOTO: STEWART DONN STEWART PHOTO: related to the banknotes, including products. 2 3 SPECIMEN: ISSUE 8 FEATURE STORY SPECIMEN: ISSUE 8 FEATURE STORY Australia New Generation $10 Banknote ™ Featuring a positive Shadow™ and a top-to- bottom Complex Window™ with Vignette™, Guardian at the Spot Colour™ and foil. Forefront of Banknote Security As more central banks adopt Guardian™ polymer banknotes, CCL Secure redefines banknote security. BY BRADLEY BOOTH ur company was born out of a central bank’s A window into the future of banknote security Guardian™ substrate in combination with vision to build a better banknote – one When the first polymer banknote was launched security features O that was cleaner, safer and stronger – and in Australia in 1988, the presence of a clear The Guardian™ platform allows CCL Secure this goal has underpinned Guardian™ polymer window represented a new paradigm in security. to include not only a wide range of proprietary substrate technology ever since. Following It was a revolutionary new base material that, features but also third-party features, such as several years of extensive research and when combined with unique security features, optically variable inks (OVI) and optical variable development, Australia began the transition to instantly prevented casual and semi-professional devices (OVD) applied in windows. These can Guardian™ polymer in 1988 with the release of counterfeiters from reproducing the notes. The be integrated within our Clarity™C base film or the $10 bicentennial commemorative banknote. film effectively combated photocopying.