Polymer banknotes are a type of currency made from a thin, flexible plastic material instead of traditional paper. This innovation offers several advantages, including increased durability, resistance to water and dirt, and enhanced security features. The use of polymer also allows for vibrant colors and detailed designs, making the notes visually appealing. Many countries have adopted polymer banknotes, including Canada and Australia, which were among the first to issue them. These banknotes are more environmentally friendly as they last longer and can be recycled at the end of their life cycle, reducing waste compared to paper notes.