DD, I think yes , they are yet to come out with the trial run:I will believe it when I see it. That was a 2 yrs old report and we are yet to see Rs 10 plastic notes.
Regards
They are difficult to counterfeit. More security features can be incorporated which cannot be counterfeited by scanning or photocopying.Can plastic notes be counter-feited
And If they are made in india its betterThey are difficult to counterfeit. More security features can be incorporated which cannot be counterfeited by scanning or photocopying.
Polymer bills will survive longer, and of that there is no doubt.RBI to introduce 100 cr Rs 10 plastic notes
Explaining the rationale for introduction of polymer notes, the official said, these notes would have an average life span of 5 years compared to one year for the currency notes.
Nigeria also has a lot of oil, that we don't. Whatever we have is but a smear.What Nigeria got plastic notes, and we don't ??????????
But our warlords in India will not allow such a scheme, ever...Those who genuinely hold money will have to exchange it. Any bank, but with PAN card, signature, small form, etc.
Black money will either be caught or rendered useless. It has been done before in other places... notably Afghanistan. The warlords had more money than the entire government, in 2001. The IMF and US introduced a new currency, and the population's old notes were collected and burnt in the outskirts of Kabul.
It can work here too.
India is not Aghanistan. We have 30 times as much people, and 3000 times as much money.Those who genuinely hold money will have to exchange it. Any bank, but with PAN card, signature, small form, etc.
Black money will either be caught or rendered useless. It has been done before in other places... notably Afghanistan. The warlords had more money than the entire government, in 2001. The IMF and US introduced a new currency, and the population's old notes were collected and burnt in the outskirts of Kabul.
It can work here too.
What can be printed can be duplicated.Good that it will help identifying counterfeit notes from pak.
can ACB apply the same chemicals to make the hands red? incase of fire .wiil the bags of unaccounted money gets turned into TT balls? Farhan mian, don't worry where there is a will there is a way!!! India stopped printing notes ,as RBI found the FICN coming from Pakistan appears to be more genuine than RBI printed once. It is for this reason Pakistan economy is in doldrums according to Dr. Mullah karachiwala!!!