RBI to introduce Plastic Notes

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The RBI (Reserve Bank of India ) revealed its plan to introduce plastic Indian currency in the market to address the fake currency issue. Amarendra Sahu, Regional Director of RBI, Lucknow  said that stung by the increasing menace of Fake Indian Currency Notes (FICN), the RBI is contemplating to introduce plastic notes in the country. Refusing to divulge further information in this regard, Sahu said that the change in the currency notes would act as a deterrent against those engaged in illegal practice of FICN.