Is it costly to change currency designs and security features?
There are additional but relatively minimal expenses related to these. In general, the cost of changing currency design depends on the choice of security features. Newly developed features using cutting-edge technology are usually covered by Intellectual Property Rights which are more resistant to counterfeiting for a longer period and, therefore, costs a bit more. Nevertheless, the benefits far outweigh the incremental costs involved in shifting to the new designs, using new technology for its security features, and using durable abaca-reinforced paper that will incorporate the new embedded security features.
