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INDIA CONSIDERS VARNISHED BANKNOTESOnce upon a time collectors would apply a coat of lacquer to their coins to help preserve them. But varnished banknotes? The Reserve Bank of India is considering varnishing their notes. -Editor You have heard of money laundering but what about money 'varnishing'? You have heard of laundered notes but what about 'varnished notes'? RBI proposes to launch varnished banknotes on a field trial basis, as per its annual report for FY17-18 released today. RBI's annual report says: "In consultation with the Government of India, the Reserve Bank has been exploring the feasibility of increasing the life of Indian banknotes. International experience suggests that varnishing of banknotes is expected to increase their life and durability, reduce the banknote replacement requirements and thereby lower the overall security printing expenditure. It is proposed to introduce varnished banknotes on a field trial basis." Few countries like Kenya and Bank of Zambia already have such banknotes in circulation. To read the complete article, see: Thanks to the September 4, 2018 issue of News & Notes from the Society of Paper Money Collectors for the story. Varnishing banknotes is not an upcommon practice. Here's one reference from the Bank of Mexico. -Editor Besides differences in the performance of the substrate in the printing machines, polymer banknotes must be varnished, a process which had to be modified to take account of Mexico City’s height of more than two thousand meters above sea level which affects how varnish dries. These technical problems which arose during the printing tests were all resolved, and so the project remained economically viable. To read the complete article, see: Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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