Canada, Australia and 30 other nations are finalizing plans to ditch paper money for the new plastic-based bills. Money such as the U.S. dollar and Euro bank notes are printed on paper fiber. The new plastic bills are more durable and resist crinkling and creasing. Plastic bills are also lighter, thinner, more hygienic and is fully recyclable at its end of life.

Plastic bills cost twice times as much to make than traditional bank notes but they’re estimated to last 2.5 times as long, so the investment is expected to pay off. The new plastic bills also allow unique anti-counterfeiting measures, such as transparent windows with color changing ink designs and raised ink in the numerals.

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