By the Reserve Bank of India

Press Release: 2002-2003/370

08.10.02

The Reserve Bank of India has been receiving several queries about the possibility of introducing polymer/plastic currency notes to replace the existing paper notes, especially in the denominations of Rs.1000, Rs.500 Rs.100 and Rs.50. The Reserve Bank of India has clarified that there is no proposal to introduce polymer/plastic notes in place of paper notes.

Ajit Prasad

Manager