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Showing posts from January 6, 2013

Future of Plastic Currencies in India

Financial Minister P Chidambaram had announced that the plastic copies of Rs.10 are going to come out soon. Reports indicate that the different countries in the world are also going to follow this path.  This decision is going to bring about a great change in the field of notes. The tradition of using paper for making notes by banks for about 300 years is going to be changed.  Only low value notes like 10Rs will come out first. Only later will the high amount notes will be issued. The opinion of the experts in the financial field is that no hurry is required for the issue of plastic notes. In the present situation of increasing fake note issues there is an opinion of using technology to trace notes that would be more advantageous.