Soon You Could Get Plastic Currency Notes: Find Out More

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.

Read More: http://indianexpress.com/article/busi... Indian Express, The Indian Express Newspaper, The Indian Express, Indian express news, indian express editorial Today's Indian Express newspaper offers a comprehensive package of news, including Indian Express editorial analysis and Indian Express analysis today. This well-respected publication covers a wide range of topics in its India Express editorial and Indian Express news sections. Stay informed with the Indian Express newspaper today.