The Hindu·3 min read·medium
India’s plastic currency crush | Explained
S
Santosh V. Perumal
✦AI Summary
The Reserve Bank of India is considering the introduction of plastic polymer banknotes to improve durability and security. While these notes last longer than traditional cotton-paper currency, concerns remain regarding their higher production costs and environmental impact.
India, which is among the five largest economies of the world, is still toying with the idea of introducing plastic currency, three decades after Australia put in place a full series of its denominations and as many as 60 nations use such currency in some form.
economybusinessenvironment
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