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Could India Soon Get Plastic Currency Notes? RBI Revives Polymer Banknote Plan After 12 Years Amid Rising Cash Demand
RBI May Introduce Polymer Currency Notes in India as Printing Costs and Cash Circulation Reach Record Levels India may be on the verge of witnessing one of the biggest changes to its currency system in over a decade. The Reserve Bank of India (RBI) is reportedly considering the reintroduction of polymer banknotes—commonly known as plastic currency notes—as rising demand for cash, increasing printing expenses, and the growing volume of damaged notes place pressure on the count
2 days ago15 min read
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