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What are varnished banknotes and why is RBI introducing them?
The RBI plans to roll out varnished banknotes with enhanced security features as cash demand rises, with the currency-to-GDP ratio increasing to 12.1% in FY25.
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timesofindia.indiatimes.com
RBI to roll out varnished banknotes with enhanced security features amid cash surge
An increase in demand for banknotes, which had led to currency to gdp ratio rising to 12.1% from 11.7% in FY25, has been attributed to a `strong preference for cash’ among…
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newsbytesapp.com
What are varnished banknotes and why is RBI introducing them?
The RBI plans to roll out varnished banknotes with enhanced security features as cash demand rises, with the currency-to-GDP ratio increasing to 12.1% in FY25.