Fact Check: Will the trend of currency notes change in India, will plastic notes replace paper notes? RBI told the truth

Plastic Currency Notes Fact Check: The trend of digital payment has increased rapidly in the country. However, people also use paper notes a lot. Meanwhile, it is being said for some time that the Reserve Bank of India is considering replacing the paper notes with polymer i.e. plastic notes soon. There was a lot of discussion about this among people and on social media. However, recently, while answering this question, RBI Governor Sanjay Malhotra himself has clarified the whole matter.

What did RBI tell?

He told in this matter on Friday that at present the Central Bank is investigating regarding polymer-based bank notes. Although it is not yet clear whether polymer notes will come in the market or not, no final decision has been taken regarding this. This is still in the initial stage.

What will be the benefit of plastic notes?

For the last few days, it is being claimed in social media and media that RBI will soon replace paper currency in India and will bring plastic currency in its place. Soon a pilot project of these notes can also be started in the country. Recently it was discussed in the RBI meeting that what can be the benefit of these notes?

• Paper notes get torn and spoiled quickly. Whereas if there are plastic notes, they will not get spoiled and will not get spoiled for a longer time as compared to paper notes.
• These will not get spoiled quickly, due to which they can last for a long time, this can also reduce the expenses incurred on printing of notes.

What became clear in the fact check?

After fact checking, this news has been proved to be true that RBI is planning to introduce plastic notes instead of paper ones but till now no decision has been taken in this regard. While giving a press conference, RBI Governor Sanjay Malhotra said that the proposal of polymer notes is under consideration. Right now this is being investigated and no decision has been taken. Its advantages and disadvantages are being discussed. The claims that have surfaced recently are true to some extent but no final results have been achieved yet.

The post Fact Check: Will the trend of currency notes change in India, will plastic notes replace paper notes? RBI told the truth appeared first on Latest.