RBI to pilot polymer (plastic) currency notes
The Reserve Bank of India is considering the introduction of polymer (plastic) currency notes and is likely to launch a pilot project, RBI Governor Sanjay Malhotra indicated around the June 2026 policy. Polymer notes are more durable and harder to counterfeit than paper notes. The move comes as currency in circulation continues to rise.
Key Facts & Details
7 points- 1RBI is weighing the introduction of polymer (plastic) currency notes.
- 2A pilot project is likely, the RBI Governor indicated.
- 3Polymer notes are more durable and harder to counterfeit than paper.
- 4The consideration comes amid rising currency in circulation.
- 5Indicated by RBI Governor Sanjay Malhotra around the June 2026 policy.
Deep Dive
- +Several countries (e.g., Australia, UK) already use polymer banknotes.
- +The RBI periodically reviews note security and durability features.
Exam Focus
The RBI is considering introducing currency notes made of which material via a pilot?
Exam Relevance & Angle
RBI currency and monetary decisions are core banking-awareness items frequently tested in banking exams.
Target Exams
Background & Context
Polymer (plastic) banknotes are made from a plastic film and offer greater durability and security features. The RBI manages currency issuance in India.
Test Yourself
1 / 2The RBI is considering introducing currency notes made of which material?
Source
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