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The Economic Times

Plastic notes in India coming soon: Why govt wants polymer banknotes, which countries use them and how these currencies help

RBI India Pankaj Chaudhary Australia

The Indian government has approved the Reserve Bank of India's (RBI) proposal to introduce RBI polymer notes in the ₹10 and ₹20 denominations for field trials, reviving a plan that was first announced more than a decade ago. At the same time, the Centre has made it clear that there is no proposal to replace existing paper-based Indian currency with RBI plastic notes.

Also Read: Govt approves RBI's trials of ₹10, ₹20 polymer notes

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