in5points
FinanceTimes of India

New money? India's currency might soon get a plastic makeover

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  1. Reserve Bank of India is exploring polymer banknotes for enhanced durability.

  2. Manufacturers are invited to bid for specialized plastic substrate materials.

  3. Polymer notes offer greater resistance to moisture and dirt than paper notes.

  4. Move aims to reduce currency replacement and printing costs.

  5. Advanced security features will be incorporated into the new polymer notes.