Press Information Bureau
Government of India
Ministry of Finance
Government of India
Ministry of Finance
28-November-2014 17:16 IST
Introduction of Plastic Notes
It
has been decided by the Government to introduce plastic notes in the
denomination of Rs. 10/-. One billion plastic notes of the denomination
of Rs. 10/- will be introduced in a field trial in five cities 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 offield trial.
This
information was given by the Minister of State for Finance, Shri Jayant
Sinha in written reply to a question in Lok Sabha today.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 offield trial.
Source : PIB
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