Guardian is the trademark name of a polymer originally manufactured by Securency International, a joint venture between the Reserve Bank of Australia and Innovia Films Ltd. The latter completed acquisition of the former's stake in 2013.

Its production involves gravity feeding a molten polymer, composed of extruded polypropylene and other polyolefins, through a four-storey chamber. This creates sheets of the substrate used as the base material by many central banks in the printing of polymer banknotes.

Production Polypropylene is processed to create pellets. These pellets are extruded from a core extruder in conjunction with polyolefin pellets from two "skin layer" extruders, and are combined into a molten polymer. This consists of a 37.5μm thick polypropylene sheet sandwiched between two 0.1 μm polyolefin sheets, creating a thin film 37.7 μm thick.

The molten polymer undergoes snap cooling as it passes by gravity feeding through a brass mandrel, which imparts on the thin film many properties, including its transparency. The cast tube material is then reheated and blown into a large bubble using air pressure and temperature. At the base of the four-storey chamber convergence rollers collapse the tube into a flat sheet consisting of two layers of the thin film. This creates the base biaxially-oriented polypropylene substrate of 75.4 μm thickness, called ClarityC by Innovia Films.

The base substrate is slit as it exits the convergence rollers. Four thick layers of (usually white) opacifier are applied to the substrate, two on the upper surface and two on the lower surface. A mask prevents the deposition of the opacifier on parts of the substrate that are intended to remain transparent. These overcoat layers protect the substrate from soiling and impart on it its characteristic texture, and increase the overall thickness to 87.5 μm. The resulting product is the Guardian substrate.

The opacifier conversion phase involves the use of resin and solvents, creating volatile organic compounds (VOCs) as by-products that are combusted in a thermal oxidizer. The resulting polymer substrate then passes through a rotary printing press using chrome-plated copper cylinders. After printing, the holographic security foil is incorporated into the base substrate. This is then cut into sheets and transported to the banknote printing companies in wooden boxes as a secure shipment.

Properties Guardian is a non-porous and non-fibrous substrate. Because of this, it is "impervious to water and other liquids", and so remains clean for longer than a paper substrate. It is difficult to initiate a tear on the substrate, which has higher tear initiation resistance than paper.

Polymer banknotes Guardian is used in the printing of polymer banknotes by many central banks.

It is the base material used for currencies printed by:

Country Central bank Currency BanknotesAustralia Reserve Bank of Australia Australian dollar Bangladesh Bangladesh Bank Bangladeshi taka Brunei Brunei Currency and Monetary Board Brunei dollar Canada Bank of Canada Canadian dollar Frontier SeriesChile Central Bank of Chile Chilean peso Costa Rica Central Bank of Costa Rica Costa Rican colón Dominican Republic Central Bank of the Dominican Republic Dominican peso Guatemala Bank of Guatemala Guatemalan quetzal Honduras Central Bank of Honduras Honduran lempira Hong Kong Hong Kong Monetary Authority Hong Kong dollar Indonesia Bank of Indonesia Indonesian rupiah Israel Bank of Israel Israeli new shekel Malaysia Bank Negara Malaysia Malaysian ringgit Mauritania Central Bank of Mauritania Mauritanian ouguiya Mauritius Bank of Mauritius Mauritian rupee Mexico Bank of Mexico Mexican peso Mozambique Bank of Mozambique Mozambican metical Nepal Nepal Rastra Bank Nepalese rupee New Zealand Reserve Bank of New Zealand New Zealand dollar Nicaragua Central Bank of Nicaragua Nicaraguan córdoba Nigeria Central Bank of Nigeria Nigerian naira Papua New Guinea Bank of Papua New Guinea Papua New Guinean kina Paraguay Central Bank of Paraguay Paraguayan guaraní Romania National Bank of Romania Romanian leu Samoa Central Bank of Samoa Samoan tālā Singapore Monetary Authority of Singapore Singapore dollar Thailand Bank of Thailand Thai baht United Kingdom Bank of England Pound Sterling Vanuatu Reserve Bank of Vanuatu Vanuatu vatu Vietnam State Bank of Vietnam Vietnamese đồng Zambia Bank of Zambia Zambian kwacha

In 1993, the Bank of Indonesia issued a commemorative banknote and the Central Bank of Kuwait issued a د.ك1 banknote. In 1998, the Bank Negara Malaysia issued a commemorative banknote, and the Central Bank of Sri Lanka issued a commemorative Rs200 banknote. In 1999, the Northern Bank of Northern Ireland issued a commemorative banknote, and the Central Bank of the Republic of China in Taiwan issued a commemorative banknote. In 2000, the Central Bank of Brazil issued a commemorative banknote and the People's Bank of China issued a commemorative ¥100 banknote. In 2001, the Central Bank of Solomon Islands issued a commemorative SI$2 banknote. In 2009, the Bank of Mexico issued a commemorative $100 banknote.

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