RBI Currency Printer Seeks Bids for Polymer Banknote Material

The Reserve Bank of India (RBI) has called for bids from various manufacturers to supply polymer substrate sheets that come with security features for printing Indian banknotes. This move signifies a step towards modernizing the country's currency with more durable and harder-to-forge polymer notes, which are already in use in several other countries. The transition to polymer currency is expected to enhance the longevity and security of India's cash, reflecting the RBI's ongoing efforts to combat counterfeiting and improve the nation's financial infrastructure. For more details, you can check the full article on Bloomberg.