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Wednesday   9 /18 /2002


Mexico switches to plastic

  

  In Mexico*, there’s a new kind of money. It’s shiny, bright blue, and made of plastic*. No, it’s not play money, or even some sort of credit card*. The plastic money works just like regular paper money. Starting September 30, the plastic money will begin to replace* Mexico’s paper money.

  The first plastic bill is the 20 peso*, which is equal to about US$2. The 20-peso note is Mexico’s most used bill. If the plastic 20 peso is successful, then the 50, 100, 200, and 500 peso bills may also be turned to plastic. In a few years, all of Mexico’s money might be made out of plastic.

  Officials like the new plastic bills because they last up to four times longer than paper bills. Also, the plastic money has a special clear window that makes it difficult to counterfeit*.

  The plastic money is as thin as paper and the same size as Mexico’s paper money. The plastic money will even work in ATM machines* and vending machines*.

  (Difficulty: junior)

  

  Write T for True or F for False:

  1. The new money in Mexico is for children to play.

  2. Starting September 30, Mexico’s paper money will be all replaced by plastic one.

  3. Officials like the new money as it is hard to copy.

  4. People can draw plastic money from ATM machines.

  

  

  

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