Introduction of plastic currency of higher denomination
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA
UNSTARRED QUESTION NO-4412
ANSWERED ON-11.04.2017
Introduction of plastic currency of higher denomination
4412 Smt. Vijila Sathyananth
(a)whether it is a fact that Government has decide to introduce plastic note of denomination of Rs 10 in five cities soon, if so, the details thereof;
(b)whether it is also a fact that Government may also consider to come out with plastic currency of even more higher denomination in case the said plastic currency is found adoptable, if so, the details thereof?
ANSWER
(a) & (b): It has been decided to conduct a field trial with plastic banknotes in Rs. 10/- denomination at five locations of the country. Approval for procurement of plastic substrate and printing of bank notes of Rs. 10 denomination on plastic banknote substrates has been conveyed to RBI. Since the proposal to introduce the plastic banknotes is at a trial stage, the decision on replacement of currency notes with plastic notes will depend on the outcome of field trial.
Source:Rajya Sabha
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