Seems like it mostly ‘anti-forging’ technology. Different materials, holograms etc

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Average lifetime of any fiat currency is 27 years. After that the currency needs to be replaced or reformed as it has lost at least 50% of it's purchase power (by design) with 2% inflation p.a.

So about every generation. I’m sure there’s a power law that it follows.

Yes, it's called debt.