“According to RBI data, nearly two lakh damaged currency notes are withdrawn and destroyed every year. High-value denominations such as Rs 100 and Rs 500 account for a large share of the damaged notes…”
“The RBI first proposed polymer banknotes in 2007 and later announced pilot projects for Rs 10 polymer notes in Jaipur, Shimla, Bhubaneswar, Mysuru and Kochi.”
