100 crore plastic currency notes of Rs 10 to be rolled out

Feb 08 2014, 09:19 IST
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One hundred crore plastic notes of Rs 10 denomination will be introduced on a field trail basis in five cities in the second half of 2014. One hundred crore plastic notes of Rs 10 denomination will be introduced on a field trail basis in five cities in the second half of 2014.
SummaryPlastic notes have an average life span of about five years and are difficult to imitate.

One hundred crore plastic notes of Rs 10 denomination will be introduced on a field trail basis in five cities in the second half of 2014, the Parliament was informed on Friday.

ďOne hundred crore plastic notes of the denomination of R10 will be introduced in a field trail in five cities selected for their geographical and climatic diversity. These cities are Kochi, Mysore, Jaipur, Shimla and Bhubaneswar. The field trial is expected to be launched in the latter half of 2014,Ē minister of state for finance, Namo Narain Meena, said in a written reply in Lok Sabha.

Plastic notes have an average life span of about five years and are difficult to imitate. Also, currency notes made of plastic are cleaner than paper notes.

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