business π³ India's plan for secure plastic currency notes
The RBI's subsidiary invited global bids for opacified polymer substrate sheets for new notes. This initiative targets lower denominations, starting with βΉ10 and βΉ20, in India. The requirement for bidders includes a pact to firewall operations from China and Pakistan. This suggests a focus on supply chain security against regional influences. The final rollout is expected to combine polymer with current cotton-based currency. π°