India to Introduce Plastic Banknotes, RBI Floats Tender

India is set to introduce plastic banknotes, with the Reserve Bank of India (RBI) already floating a tender to source materials for polymer notes, a significant move after the country previously discarded such currency.

31 Jul, 12:26 — 31 Jul, 12:26

Post Share

Sources

Showing 1 of 1 sources

Times of IndiaMostly Factual26d ago

India to get plastic notes soon: Why the move is important - explained

RBI has already floated the tender to source materials for the polymer notes with its currency printing arm Bharatiya Reserve Bank Note Mudran Pvt Ltd inviting global expressions of interest. The step assumes significance because India has discarded around Rs 50 trillion worth of soiled notes in the last decade.

By SMRITI JAIN

Read full article →

PERSPECTA

PERSPECTA

India to Introduce Plastic Banknotes, RBI Floats Tender

Sources

India to get plastic notes soon: Why the move is important - explained

Related Stories

Meta Agrees to Up to $18 Billion Settlement Over Social Media Addiction Claims

IMF Chief Warns Global Economy Faces Energy Shocks and Fiscal Pressures

Abercrombie & Fitch Shares Surge on Strong Second-Quarter Earnings and Raised Guidance

TWG Global Denies Fraud Allegations and Lakers Fire Sale Rumors Amid Federal Probe

PERSPECTA