| Author: Bhavani 12 May 2012 Member Level: Gold Points : 5 (Rs 3) Voting Score: 0 |
In India currency notes are made up of pulp containing cotton and balsam with special dyes to make the currency notes that should be resilient, durable, with quality to resist from wear and tear and not to be faked easily. The materials used in the making of Indian currency notes have been starch paper blended with the textile fibers. While making currencies, these papers are instilled with gelatin to give strength to the currencies.
Chinese were the first to make currency notes and in ancient times Chinese currencies were made up of paper with mulberry bark and currently Japan has been using this fiber to make Japanese Yen currencies.
Making of Indian currency notes is processed at Hoshangabad Security Paper Mill in Madhya Pradesh State.
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| Author: Aparna Shankarraman 12 May 2012 Member Level: Gold Points : 4 (Rs 2) Voting Score: 0 |
Currency notes in India are made of cotton waste with use of special dyes. The cotton waste is blended to give the look of a paper and India has been importing the special paper to be used in currencies since many years. The capacity of the currency paper factory at Madhya Pradesh is limited and the Government plans to increase the capacity of this mill. But procuring the huge amunts of cotton waste is what the Government is looking out for. The finance minister recently inaugurated another factory at Mysore to meet the needs of ever increasing population of the country.
India has not yet fully converted to electronic transactions and the usage of currency notes is still high. The demand in today's date for the currency is 15 billion notes whereas Indian factory produces notes upto One billion currency notes a year.
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