RBI to introduce Rs 10 plastic notes in 5 cities

Government and the RBI have decided to launch one billion pieces of Rs 10 bank notes made of plastic on a field trial basis in 5 cities viz. Kochi, Mysore, Jaipur, Bhubhaneswar and Shimla.

• Why this measure?
  Primary goal of introduction of polymer notes is to increase its life, it could also help in combating counterfeiting.

Month: Current Affairs - March, 2013