3 Articles
3 Articles
RBI considering issuing plastic notes: Pilot project expected after final green light
Kolkata: The Reserve Bank of India is discussing the issuance of plastic currency notes which can not only reduce the cost of printing paper banknotes and eliminate the problem of soiled currency. Reports have stated that the initiative could receive the final green light in upcoming RBI Board meetings, following which a pilot project can be launched. It could be a significant development since the menace of soilder banknotes put millions of Ind…
The Reserve Bank of India (RBI) is considering introducing plastic (polymer) notes in the country. The matter was seriously discussed in the recent meetings of the central bank's board held in Patna and Mumbai. The decision is being considered in view of the huge demand for cash in the last few years, the rising cost of printing paper notes and their rapid deterioration. A pilot project for plastic notes for the common people is expected to be l…
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