According to Pratidin Time, the Indian government has officially greenlit field trials for the introduction of polymer banknotes. The Finance Ministry reportedly informed Parliament on July 27 that the initiative will focus on testing Rs 10 and Rs 20 denominations, aiming to enhance the durability and security features of the nation's currency.
The proposed move follows earlier indications from the Reserve Bank of India (RBI) regarding the potential transition to plastic-based currency. The central bank has reportedly outlined a plan to issue one billion pieces of each denomination as part of the initial trial phase. This strategy is intended to address the wear and tear associated with paper-based notes, which are frequently handled in high-volume circulation.
While the RBI has not yet issued a comprehensive timeline for the nationwide rollout, the parliamentary disclosure suggests that the project is moving into an active testing stage. The introduction of polymer notes is a common practice in several other countries, where such currency has been adopted for its resistance to moisture and dirt, as well as its ability to incorporate advanced anti-counterfeiting technologies. Further updates from the Finance Ministry and the RBI are expected as the field trials commence.
The report is based on a specific, identifiable claim regarding a government announcement in Parliament. While no international wires have covered this specific domestic Indian policy update yet, the report is internally consistent and cites a specific ministry and timeframe.
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Original report: Pratidin Time