Bank of England to introduce plastic bank notes in 2016

The video discusses the transition from cotton to plastic banknotes in the UK starting in 2016. It highlights the mixed public reception, with some preferring the durability and cleanliness of plastic notes over traditional paper ones. The video also covers the benefits of polymer notes, such as increased security and resistance to counterfeiting, despite higher production costs. A durability test is conducted to demonstrate the new notes' resilience against common substances.

What are the expected benefits of using the new plastic banknotes?

What challenges might arise with the introduction of the new banknotes?