The conversation between human and AI assistant.
Why didn’t RBI introduce the plastic currency in India with the new 500 and 2000 notes?
But then why did other countries like Australia, Canada, and the UK introduce plastic currency?
Those countries introduced plastic currency due to its durable and secure features. However, each country's decision to switch from paper to plastic currency is based on various factors, including environmental impacts, cost, and public acceptance. The RBI chose not to make this transition at this time.