Why India May Get Plastic Notes: What They Are & What Happens to Paper Money The Reserve Bank of India (RBI) has been authorized to print an initial batch of 2 billion polymer banknotes for field trials, a move that could revolutionize the way Indians use cash.
This decision follows nearly two decades of deliberation and comes after countries like Australia, the UK, and Canada have adopted plastic currency.
The RBI's primary driver behind this initiative is modernizing its currency printing infrastructure and reducing production costs.