RBI Considers Introduction of Polymer Currency Notes

RBI Considers Launching Polymer Currency Notes

The Reserve Bank of India (RBI) is exploring the possibility of introducing polymer currency notes, according to Governor Sanjay Malhotra. At a post-policy press conference on Friday, Malhotra revealed that the central bank is currently examining the proposal's merits and drawbacks.

The consideration of polymer currency notes is still in its preliminary stages, with the RBI weighing the potential benefits and costs of such a move. Malhotra stated that the bank is assessing whether the introduction of polymer currency notes would be worthwhile.

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• RBI Governor: Sanjay Malhotra
• Date of Post-Policy Press Conference: Friday
• Status of Proposal: Preliminary stage