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RBI to launch plastic notes next year: Rajan

Shimla: Plastic currency notes would be launched in the country in 2015 after field trials, Reserve Bank Governor Raghuram Rajan said today.“Plastic notes are coming. Tender bids have come for one billion notes. In five

PTI [ Updated: May 15, 2014 19:56 IST ]
rbi to launch plastic notes next year rajan
rbi to launch plastic notes next year rajan

Shimla: Plastic currency notes would be launched in the country in 2015 after field trials, Reserve Bank Governor Raghuram Rajan said today.


“Plastic notes are coming. Tender bids have come for one billion notes. In five cities, pilot testing would be done, including Shimla. In 2015, it would be launched based on the
results of pilot testing,” he told reporters.

He was talking to reporters after a board meeting of the Reserve Bank of India (RBI) here.

The government in February had informed Parliament that one billion plastic notes of Rs 10 denomination will be introduced in a field trial in five cities selected for their geographical and climatic diversity.
 


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