The Plastic Banknote :From Concept to Reality

Publication subTitle :From Concept to Reality

Author: Solomon David; Spurling Tom  

Publisher: CSIRO PUBLISHING‎

Publication year: 2014

E-ISBN: 9781486300327

P-ISBN(Paperback): 9780643094277

Subject: F820.2 monetary system

Keyword: 自然科学总论,化学,自然科学史

Language: ENG

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Description

Describes the story of the world's first plastic banknote which we all use and take for granted.

Chapter

The polypropylene story (a clear plastic laminate)

Testing without a field trial

The Turbula or tumble test

Endnotes

Chapter 4: The first two meetings

The scientist ‘guests’

The Bank representatives

Bankers’ Clubs

The first meeting

Recollections from Thredbo

The background of the two organisations: CSIR/CSIRO and the Bank

Sources of tension

The need for a suitable business model

The Bank’s 1968 business model

The CSIRO 1968 business model

Solomon’s business model

The banknote and security document value chain

The CSIRO–Bank 1979 business model

The Fink report business model

He who pays the piper calls the tune

Testing procedures

Endnotes

Chapter 5: What to do next?

The Forest Products project

The CSIRO–Bank agreement

The June 1970 meeting and further work

The Bank delays its response

The February 1972 meeting and its results

Establishing the project

Endnotes

Chapter 6: 1972 to 1974

Another letter of agreement

The Bank’s requirements

Paper or plastic?

Establishing proof of concept

The first ‘quarterly’ meeting

Producing diffraction gratings

Other security devices

Patenting the invention

Agreements

Direct contact with the Governor

Commercialisation issues

Preparing for the Governor’s meeting and the role of Don Parr

Reporting considerable progress

The Chief Executives’ meeting

Endnotes

Chapter 7: The Mornington think tank

Invitees (and exclusions!)

Purpose of the meeting

Solomon’s research plan

Involving Bank staff

The longer-term research program

Polypropylene!

A coherent team

Endnote

Chapter 8: The hard grind

Establishing the Currency Notes Research and Development Committee

Why Hamann?

The Currency Notes Research and Development Committee

Missed opportunity

The role of Gordon Andrews

Progress on diffraction gratings

Subsequent meetings

Recruiting the Project Leader

The Committee visits Fishermens Bend

The Assessments Panel gets to work

The CSIRO Forward Plan

Polypropylene at last!

A member of the CSIRO Executive joins the Committee

Planning the handover

The design freeze

The 1976 memorandum

The Bank has second thoughts

Senator Webster’s visit: commercial matters

Working together at last!

Solomon’s three options

Should an EBX machine be purchased?

1978 and still a research project

An external review

Endnotes

Chapter 9: The Tangalooma conference

Dr Solomon’s response

Who attended the conference?

A thorough internal review

What price security?

Optically variable devices

Graham Quint’s intervention

Other security devices

Final discussion

Endnotes

Chapter 10: The Forward Planning Group (Fink Committee)

Forward planning at last

CSIRO input

The Fink report

The importance of banknote design

Plastic or polymer?

Testing and public release

Endnotes

Chapter 11: Response to the Fink report

Challenges all round

The EBX story

Staff recruitment: Bank uncertain

Perceived ‘competitive’ Four-Nation technology: better than CSIRO!

The Four-Nation visit

The presentation to the Four-Nation Group

The stolen note

Outcomes of the Four-Nation meeting

Evaluation of the CNRD technology

The US to produce first plastic notes with ‘our’ technology?

Presentation to US authorities

Rejection by the US

Testing by other banks

Staff transfers

The lull before the storm

Endnotes

Chapter 12: The $10 commemorative banknote

Governor Bob Johnston: a critical appointment

The Bank takes over

Not quite!

The appointment of Don Addison

Governor’s reviews

The machine-readable feature

Optically variable devices

Agreements

CSIRO sells the technology

The plastic banknote is released!

Secrecy and the press

Souvenir notes for CSIRO staff

Endnotes

Chapter 13: The legacy

A more secure and durable currency

A thriving export industry

But paper banknote suppliers won’t give up easily

The final business model

CSIRO, the Bank project and the Australian innovation system

Endnotes

Index

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