The Government of Jamaica recently undertook a significant transformation of the nation’s currency, transitioning from traditional paper-based banknotes to more durable polymer material. 

While the initial cost of producing the new polymer notes was notably higher, this move was strategically aimed at achieving greater long-term savings. The polymer notes, designed to withstand the rigors of daily use, are expected to last up to five times longer than their paper predecessors. 

This increased durability is projected to reduce the frequency of replacements, thereby lowering the overall cost of maintaining the currency in circulation over time.