The Reserve Bank of India is planning to pilot the issuance of 10 and 20 rupee plastic banknotes, with a tender for specialized materials already released. This initiative aims to address the frequent damage to paper currency due to heavy circulation and climate conditions, and to combat the rise of counterfeit notes, particularly the 500 rupee denomination. If the pilot is successful, the use of plastic currency may be expanded. AI
RANK_REASON Policy change regarding currency material and denomination. [lever_c_demoted from significant: ic=1 ai=0.1]
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