Polymer Currency in the Offerings?

     From past few years India is facing huge influx of counterfeit currency across neighbouring country and it is so much identical to original that to differentiate between fake and genuine is not easy task for common people from whose hands on daily basis multi billion rupees change hands. Counterfeit Indian currency’s main producer and supplier is Pakistan, who is at proxy war with India from all fronts like economy wise, pushing terrorism, border conflicts, Kashmir issue and drugs supply to name a few here. Government of India despite all its sincere efforts unable to stop inflow and existence of counterfeit currency from the Indian markets.
      In a move to topple counterfeit notes Reserve Bank of India (R.B.I.) announced that till the end of 2010 it is going to issue rupees 10 polymer(plastic) note as pilot project and based on its success later on will introduce 20,50 and 100 denominations polymer notes. With the introduction of Polymer currency it will serve two purposes first to produce fake polymer notes its very complex and costly process, secondly polymer currency has life of four years as compare to soil notes which has life of one year and even during one year period it become dirty and torn, but polymer notes are washable also. Australia was the first country to go in for plastic notes way back in 1988. According to reports, the country finished converting all its currency notes into plastic in 1996. Other countries that have followed Australia's example and have introduced plastic currency notes include Brazil, Sri Lanka, Romania, New Zealand, and Northern Ireland. The bank has initially decided to introduce 1 billion of 10 rupees polymer notes, for which it has floated a global tender. Plastic currency notes has several advantages over paper notes like paper notes are cellulose in nature and they develop microbes when they get soiled and thus can be a cause of diseases. Moreover, they get mutilated with time and have to be destroyed. "The RBI destroys thousands of currency notes every day". Plastic notes, on the other hand, are non-cellulose in nature and thus cannot lead to the growth of microbes. If they become dirty they can simply be wiped or washed. "There is no danger of the notes getting destroyed by water.
     Success of Polymer notes will help India to get rid on the fake currency problem as with every passing time it is on increasing side secondly it will expand the life of notes from one year to four years and later on will be of three more denominations of 20,50 and 100.