| RBI contemplates plastic currency notes | |||
| August 31, 2010 09.45 AM | |||
The Reserve Bank of India is contemplating
issuing currency notes made of plastic. A discussion in this regard
will be held with the public to gauge their reaction. The RBI decided
to opt for plastic currency following reports that rupees notes
of the denomination 5, 10 and 20, which are made of paper, are getting
soiled very easily. The plastic currency is expected to have longer
life if replaced. To begin with, the RBI may issue plastic currency
notes of 10 rupee denomination. |
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