RBI is preparing to make a major technical change in the monetary system of the country. This will help to make the cash system of the country completely safe and sustainable.
Is printing a plastic note expensive or cheaper?: India’s currency could soon get a makeover. Polymer notes(Plastic notes) will soon take over traditional paper notes.
RBI is preparing to make a major technical change in the monetary system of the country. This will help to make the cash system of the country completely safe and sustainable. Let’s understand how much it costs to print plastic notes, is it cheaper or more expensive than paper notes?
- Polymer notes are manufactured using a special type of polypropylene plastic substrate instead of the usual cotton thread or paper.
- These notes come with special security features, including transparent sections and holographic designs, to help prevent forgery.
Due to these advanced technologies, the initial cost of producing polymer notes is estimated to be around 2 to 3 times more expensive than normal paper notes. It means RBI spends about Re 1 to Rs 3 to print a normal paper note. While it may cost around Rs 2 to Rs 6 printing per polymer note.
Characteristics of Plastic Note
- Strong and non- breakable
- Water, sweat and all kinds of moisture-resistant
ALSO READ: Rupee Opens at 95.57 as Oil Prices Surge on US–Iran Tensions
