Gumansinh
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New Delhi:Government will introduce plastic notes for the currency of Rs. 10. Initially, one billion plastic notes will be introduced in a field trial in five cities, Minister of State for Finance, Shri Jayant Sinha said in a statement.
These five cities will be selected for their geographical and climatic diversity.
The primary objective of introduction of polymer/plastic notes is to increase its life and not to combat counterfeiting.
The cities selected for field train are Kochi, Mysore, Jaipur, Shimla and Bhubaneswar.
The Reserve Bank of India has informed that since the proposal is at a trial stage, the decision on replacement of currency notes with plastic notes will depend on the outcome of field trial.
This information was given by the in written reply to a question in Lok Sabha on Friday.
http://www.abplive.in/business/2014/11/28/article446619.ece/Plastic-notes-in-market-very-soon#.VHhv6l2t-o8
These five cities will be selected for their geographical and climatic diversity.
The primary objective of introduction of polymer/plastic notes is to increase its life and not to combat counterfeiting.
The cities selected for field train are Kochi, Mysore, Jaipur, Shimla and Bhubaneswar.
The Reserve Bank of India has informed that since the proposal is at a trial stage, the decision on replacement of currency notes with plastic notes will depend on the outcome of field trial.
This information was given by the in written reply to a question in Lok Sabha on Friday.
http://www.abplive.in/business/2014/11/28/article446619.ece/Plastic-notes-in-market-very-soon#.VHhv6l2t-o8