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Thursday, August 23, 2012

Field Trial of Plastic Notes

It has been decided by the Government of India and Reserve Bank of India (RBI) to introduce Rs. 10 notes in polymer/plastic on a field trial basis.

The Reserve Bank of India (RBI) has informed that field trial is proposed to be conducted at five places viz. Jaipur, Shimla, Bhubaneshwar, Mysore and Cochin, keeping in view the varied geographical locations and climatic conditions. The expenditure proposed to be incurred on the field trial would be finalized in accordance with extant guidelines.

This was stated by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Rajya Sabha today. 
Source : PIB, August 23, 2012

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