....Subbarao informed that a 15-year old girl from Andhra Pradesh had written a letter to him saying that she had seen newspaper reports about RBI's plans to start plastic currency as a pilot project. She had expressed her doubts over the environmental friendliness of plastic currency, he added. The RBI governor said he then asked officials to conduct detailed environmental studies. The Centre for Environment Studies, Nagpur had conducted vigorous studies and informed the RBI that carbon footprint of plastic currency is lower than paper currency, he added. Pointing out that countries including Singapore and Australia have plastic currency, Subbarao said, "Plastic currency is suitable to India as it can withstand our weather conditions." .......
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