New Delhi, July 27 (IANS) The Finance Ministry informed Parliament on Monday that the government has approved the Reserve Bank of India’s (RBI) proposal to conduct field trials of polymer currency notes in the Rs 10 and Rs 20 denominations.The approval was confirmed by Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Lok Sabha.The government, however, clarified that the move does not signal the end of paper currency. Polymer banknotes are proposed to circula…
Latest Polymer Currency Notes News & Updates
New Delhi, June 6 (IANS) The Reserve Bank of India (RBI) is examining a proposal to introduce polymer or plastic currency notes, although no final decision has been taken yet, Governor Sanjay Malhotra has said.Malhotra has said that the proposal remains under consideration and is still at a preliminary stage.He stated that as far as polymer notes are concerned, the proposal is under consideration, adding that as soon as any decision is taken on it, we will inform you.Malhotra acknowledged that r…