FinanceMoneycontrol
Govt okays trial of Rs 10, Rs 20 polymer notes, no plan to replace paper currency
in5points
The government has approved trials of Rs 10 and Rs 20 polymer banknotes.
The RBI informed the government that polymer notes have a longer lifespan than paper notes based on international studies.
There is no plan to replace existing paper currency with polymer notes at this stage.
The trials aim to test durability and other characteristics of polymer notes.
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