Plastic notes in India coming soon: Why govt wants polymer banknotes, which countries use them and how these currencies help

Why is the RBI introducing plastic notes?The government's approval for RBI polymer notes has renewed focus on why RBI plastic notes are needed. Polymer banknotes last two to six times longer than paper Indian currency, reduce printing and replacement costs, improve durability, lower environmental impact and are already used by more than 60 countries, including the UK, Canada and Australia.

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