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Monday, December 15, 2014

Plastic Currency , Idea Of Innovatives

Plastic Currency


A lot of people never use there initiative because no one told them to but Reserve Bank Of India Is Working On a Mind-blowing plan that is switching paper currency into Plastics or we say polymers , the main reason  behind it is Security, Reliabily and to reduce illicit Money from country. May be from next year it will works it is developed with high security features. If it success then it increases the life of our currency because paper money  which are  prevailing  now a days  are teard , moisturized and malfunctioned easily which reduces life  of the currency.
                                                                       RBI Governer Mr. Raghuram Rajan Says A couple of months before For maintain long Term uses of Currency notes, we have to prepare on such a classic way of it that its life increases  number of times then existing ones, his Decision works and from 2015 it will  published and will issued initially  to five  cities Coacchi, Maisur, Jaipur , Bhuvneshwar And Shimla for checking different whether affects on that currency however  currency published is low in amount initially . Benefits of plastic money is they are high resistance againstance   Smear ,tear and split . However many countries like Australia, Brunai , Papua New Guinea  and couple of more  uses plastic currency . 

- Rahul Jain 

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