Updated By: LatestGKGS Desk
RBI working for safe secure polyester coated currency notes
Reserve Bak of India testing polyester coated currency notes for safety and no duplication across five different location in India
The Government of India has decided to print plastic or polyester currency notes and for that the government has started acquiring the material.
The benefit of plastic notes is that it keeps secure till 5 years and it is difficult to copy these notes and also it looks clean.
Australia has first issued plastic currency to keep it safe from the duplication of currency notes
Arjun Meghwal stated that the procedure and online inspection for manufacturing of currency notes.
Meghwal also stated government also came to know about the notes of Rs.1000 which do not have a security check in 2015.
Meghwal also stated that the government has also assigned duties to the relayed persons so that in future government does not make mistakes.
