You have heard of money laundering but what about money 'varnishing'? You have heard of laundered notes but what about 'varnished notes'? RBI proposes to launchvarnished banknotes on a field trial basis, as per its annual report for FY17-18 released today.

RBI's annual report says: "In consultation with the Government of India, the Reserve Bank has been exploring the feasibility of increasing the life of Indianbanknotes. International experience suggests that varnishing of banknotes is expected to increase their life and durability, reduce the banknote replacement requirements andthereby lower the overall security printing expenditure. It is proposed to introduce varnished banknotes on a field trial basis." Few countries like Kenya and Bank of Zambiaalready have such banknotes in circulation.

To read the complete article, see:
RBI proposal: Varnishedbanknotes in your wallet soon(https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-proposal-varnished-banknotes-in-your-wallet-soon/articleshow/65593850.cms)

To read the complete article, see:
The use of polymer in Banco de México banknotes(http://www.banxico.org.mx/banknotes-and-coins/d/%7B323357DF-7069-AEC2-09F0-7119784E0872%7D.pdf)