Showing posts with label rs ten plastic notes. Show all posts
Showing posts with label rs ten plastic notes. Show all posts

Rs 10 plastic notes in India

Rs ten plastic note The advantage of the plastic note is that they are difficult to fake and are much more durable than the paper notes. Reserve Bank of India planning to introduce Rs 10 plastic currency notes. RBI has decided to introduce 100 crore pieces of Rs 10 plastic notes initially, and a global tender has been called. India's previous attempt was a Ten Rupee coin.
The currency notes in Australia are made of polymer, since 1988. Making a counterfeit note of Australian currency is an expensive proposition as it would end up costing you close to it's face value. All the countries are constantly making attempts to prevent fake notes with limited success. In India were we get a lot of fake currency from across the border, the notes are changed periodically , Australian currency is still the same .Changing the designs of paper notes prevent counterfeit but it definitely is not as effective as having plastic notes.

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