The Future of Indian Currency: RBI Revives Polymer Banknote Initiative
Transitioning Toward Durability The Reserve Bank of India (RBI) has officially revived plans to introduce polymer-based banknotes into the nation’s circulation, seeking a long-term solution to rising currency management costs. This strategic shift, announced in early 2025, aims to replace traditional cotton-substrate paper with durable plastic materials, a move intended to enhance note longevity and…