RBI to issue polymer currency notes

RBI to issue polymer currency notes

The Reserve Bank of India (RBI) will come out with polymer (plastic) notes of Rs. 10 denomination by the end of this year and follow it up with such notes of Rs. 20 and Rs. 50 denominations. The Rs. 10 notes are in maximum circulation with comparitively higher production cost

Polymer notes are already in circulation in countries such as New Zealand, Sri Lanka, Malaysia and Hong Kong. Instead of importing plastic notes from these countries, RBI has decided to produce them internally.

The polymer (plastic) currency notes have more safety features and more difficult to fake them.


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