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 Factual16d 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

Acceler8 Ventures Director Buys £100,000 in Company Shares

Fuel Prices Increase in North Macedonia

Electrocore Director Thomas Errico Buys $49,272 in Company Stock

Ferrari's First Electric Car Sells for Record $40 Million at Auction

PERSPECTA