Finally a solution for the partially torn and soiled bank notes. RBI is planning to come out with polymer notes of Rs. 10 denomination by the end of 2010. Polymer notes are plastic notes which doesn't get mutilated or soiled. These notes would have an average life span of five years compared to one year for the paper-based currency notes (although most of the paper-based notes that are circulating now are more than five years old!!!). Based on the results of this, it will further be extended to other denominations.
Already countries like Singapore, Malaysia, Vietnam, New Zealand are using polymer notes. In fact, Australia was the first country to issue polymer notes.
In a country which tops the tourism charts, it's a shame where tourists develop a phobia to touch our currency to avoid infections! The condition of paper-based currency notes are so pathetic that it is quite welcome that RBI woke up from the deep slumber to act on this issue. Indeed quite a welcome move....
3 comments:
so I have to wait till RBI releases Rs. 100 polymer notes bcoz I have that Rs. 100 paper note which I could replace till now... :-)
please read my previous comment as..the Rs. 100 paper note which I could not replace till now... :-)
Hmm...that is still there on the shelf?? :-)
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