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JUST IN: 🇮🇳 India takes a major step toward modernizing its currency.
The Government has approved the RBI's proposal to launch a pilot of 2 billion polymer ₹10 and ₹20 banknotes.
Unlike paper notes, polymer notes are:
• More durable
• Water and tear resistant
• Harder to counterfeit
• Longer-lasting in circulation
This is a trial, not a nationwide replacement. Existing paper ₹10 and ₹20 notes will continue to remain legal tender.
#RBI #India