RBI Revives Polymer Currency Plan as High Printing Costs and Note Damage Persist
Reserve Bank of India is revisiting its plan to introduce polymer currency as rising printing costs and frequent damage to paper notes strain the system. Unlike traditional paper notes, polymer banknotes are more durable, resistant to dirt and moisture, and stay in circulation longer—potentially reducing replacement costs. With thousands of crores spent annually on printing and replacing worn-out notes, the central bank is taking a fresh look at the technology, already widely used in countries like Australia, Canada and the UK.
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