RBI to roll out varnished banknotes with enhanced security features amid cash surge
In an era of digital transactions, many Indians and small enterprises still cling to cash, driving the demand for banknotes higher. To counteract the surge in counterfeit Rs 500 notes, the RBI is ramping up security features and experimenting with varnished currency. Interestingly, the costs associated with printing paper money have recently decreased significantly.
In an era of digital transactions, many Indians and small enterprises still cling to cash, driving the demand for banknotes higher. To counteract the surge in counterfeit Rs 500 notes, the RBI is ramping up security features and experimenting with varnished currency. Interestingly, the costs associated with printing paper money have recently decreased significantly.
