Plastic currency notes in India may come soon!

by Chirag on September 22, 2009

Its actually schocking when some one says you to wash a curency note if

Plastic Note

it’s dirty. :) Isn’t it funny! But it is a fact that RBI is planning to introduce plastic currency notes soon.

What better you can wash your Rs 100 note with soap and water to clean it and then wipe it dry with cloth?

Reserve Bank of India is planing to introduce polymer, or plastic, currency notes in to the country soon. The RBI is toying with the idea of replacing paper currency with polymer notes. [Rediff]

As a pilot project, the central bank is said to have decided to introduce 100 crore (1 billion) pieces of Rs 10 polymer notes, for which the bank has floated a global tender. The bank has asked interested parties for 500 pieces of sample banknotes, before the actual global bids for the project go through.

This is a new developement in Currency and Coin Segment from RBI after Rs 10/- coin!

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{ 1 comment… read it below or add one }

1 R.Sajan August 11, 2010 at 5:35 PM

Plastic currency notes in India may come soon!:
This is a bigger bribe story than the arms deals. Securency International, which holds the universal monopoly patent for plastic currency, is under investigation even in its own country Australia for massive bribing of officials of international governments. How much did they pay in India? They have been trying to sell plastic currency that is totally unsuitable in the tropics, to India from 2001. The Clean Note policy of the RBI was the first scheme to bring in plastic currency. Having to recycle every 6 months, plastic currency is difficult to sustain. Also, it cannot be folded.

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