Our wonderful polymer notes last much, much longer than paper/linen money. Lots of detailed lifespan graphs here:
https://www.rba.gov.au/publications/bulletin/2015/sep/7.html
https://www.rba.gov.au/publications/bulletin/2015/sep/7.html
And then once they are EOL, they are recycled. https://banknotes.rba.gov.au/production-and-distribution/rec...