Key facts
- RBI is evaluating polymer currency notes.
- The central bank is considering both pros and cons.
- No decision has been made on introducing plastic currency.
The Reserve Bank of India (RBI) is currently undertaking an examination of polymer currency notes. This evaluation involves a thorough assessment of the potential advantages and disadvantages associated with the use of plastic currency. As of now, no definitive decision has been reached regarding whether to proceed with the introduction of polymer banknotes.