The Reserve Bank of India (RBI) is considering the introduction of plastic or polymer currency notes to replace traditional paper notes. Despite the rise in digital payments, cash circulation reached record levels, leading to high printing costs and note degradation. Polymer notes have a longer lifespan, lower printing costs, and are ATM-compatible. The proposal was discussed in recent RBI board meetings. While a similar attempt in 2012 failed due to technical issues, improved technology now makes it feasible. Currently, around 60 countries, including Australia and Canada, use polymer currency. https://sambad.in/business/india-may-soon-get-plastic-currency-notes-as-rbi-revives-decade-old-plan-11886921 #creator program