Soon You Could Get Plastic Currency Notes: Find Out More

Описание: Government informed Parliament that a decision has been taken to print plastic currency notes and procurement of material has started. Minister of State for Finance Arjun Ram Meghwal said in a written reply in Lok Sabha to a query whether RBI proposes to print plastic currency notes in place of paper ones. The Reserve Bank for long has been planning to launch plastic currency note after field trials. In February 2014, the government had informed Parliament that one billion plastic notes of Rs 10 denomination would be introduced in a field trial in five cities selected for their geographical and climatic diversity. The selected cities were Kochi, Mysore, Jaipur, Shimla and Bhubaneswar. Plastic notes have an average life span of about five years and are difficult to imitate.

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