Polymer Currency Notes:
The Reserve Bank of India (RBI) is actively reviving a decade-old plan to introduce polymer (plastic) currency notes.The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly-owned subsidiary of the RBI, issued a global Expression of Interest (EOI) for the supply of Biaxially Oriented Polypropylene (BOPP)-based polymer substrate.This marks a significant step towards a potential pilot rollout of polymer notes, expected to begin with lower denominations of Rs 10 and Rs 20. Polymer banknotes are currency notes made from biaxially oriented polypropylene (BOPP) unlike traditional Indian currency which is made of 100% cotton-pulp paper,Polymer banknotes are more durable, water-resistant, tear-resistant, and difficult to counterfeit due to advanced security features such as transparent windows and embedded security elements.Over 60 countries, including Australia (the first to introduce a full polymer banknote series in 1988), use polymer currency in some form.Polymer notes generally last 2.5–4 times longer than paper banknotes.
