All of this goes to show that portfolio compositions of different households (for example, liquidity and debt) matter for the transmission of policy, as well as when they interact with the precariousness of income. But, for macroeconomic and monetary policy, distributional issues are not just confined to income or wealth.
Moreover, when no longer useable due to wear and tear, polymer banknotes can be recycled into various products, such as building materials and furniture. So not only are polymer notes more sanitary and secure, they are also cost-effective and sustainable. Now before I end, allow me to share some food for thought.