the government these days said the RBI has been authorised to conduct container trials of plastic notes of Rs 10 that have a longer life span.
the government today stated the RBI has been authorised to behavior container trials of plastic notes of Rs 10 which have a longer existence span. In a written reply in the Lok Sabha, Minister of State for Finance Arjun Ram Meghwal said “it has been decided” to habits a field trial with plastic banknotes at 5 areas of the united states of america. “popularity of procurement of plastic substrate and printing of bank notes of Rs 10 denomination on plastic banknote substrates has been conveyed to the RBI,” the minister stated.
He additional said plastic notes are anticipated to last more than cotton substrate based banknotes. through the years, significant banks the world over were exploring totally different options like plastic notes and other trends in banknote substrates for extending the life cycle of banknotes.
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