
National · 5 updates
RBI, acting on a recommendation from its Central Board, proposed printing 1 billion each of ₹10 and ₹20 polymer banknotes for field trials
RBI has already floated the tender to source materials for the polymer notes with its currency printing arm Bharatiya Reserve Bank Note Mudran Pvt Ltd inviting global expressions of interest. The step assumes significance because India has discarded around Rs 50 trillion worth of soiled notes in the last decade.
The RBI has informed that the procurement process is presently at an initial stage, she said