Close X
Monday, November 11, 2024
ADVT 
Interesting

Scrapped Indian Notes Sail To Dubai To End Up As Furniture

IANS, 13 Dec, 2016 12:53 PM
    After demonetisation, Indias invalid Rs 500 and Rs 1,000 currency notes are now on their way to Dubai and may end up in your living room as a piece of furniture or a photo frame, says a report in Gulf News.
     
    About 30 to 40 per cent of the hardboard and fibreboard products made by recycling the scrapped notes are being exported through Dubai, P.K. Mayan Mohammad, whose firm in Kerela was chosen by the Reserve Bank of India (RBI) to recycle the demonetised currency notes, told the Dubai-based newspaper. 
     
    "We are exporting the fibreboards to various countries in Europe, Africa and also to Australia," the paper quoted Mohammad, who was in Dubai, as saying.
     
    The locally imported boards are used for making furniture such as wardrobes, shelves, drawer bottoms, photo frames and mirror frame backing and for making partitions.
     
    Explaining to the newspaper how it all started, Mohammad said the RBI's regional office in Thiruvananthapuram inquired about his firm's capability to recycle shredded currency notes a couple of weeks before the government made the demonetisation announcement.
     
    The RBI approached Mohammad on October 20. However, he said he had no idea a demonetisation move was afoot at that time. 
     
     
    "I thought they had decided to recycle the soiled notes instead of burning them. I, too, got to know about the demonetisation plan only when the Prime Minister (Narendra Modi) announced it," he was quoted by Gulf News as saying.
     
    The company made use of the thermomechanical pulping method. "We are the only facility with this technology (in India). It uses high electrical energy, steam pressure and temperature," he said.
     
    The firm started using the pulp of the invalid notes as one of the raw materials that are mixed with wood pulp for making hardboard and fibreboard.
     
    Once that became a success, the RBI asked the company to lift more truckloads of shredded notes.
     
    "We have been picking up almost 60 tonnes of shredded notes a week," Mohammad told the paper.

    MORE Interesting ARTICLES

    In New Delhi, A Muslim Family Adopts Kids Of Hindu Friends; Will Raise The Kids As Hindus

    In New Delhi, A Muslim Family Adopts Kids Of Hindu Friends; Will Raise The Kids As Hindus
    In a city where police and judges often come across brutal crimes done in the name of property or inheritance, a Muslim couple's bid to raise two Hindu orphans has earned praise from the Delhi high court. 

    In New Delhi, A Muslim Family Adopts Kids Of Hindu Friends; Will Raise The Kids As Hindus

    Meet The BSF Women Warriors Who Guard India's Borders!

    Meet The BSF Women Warriors Who Guard India's Borders!
    We don't have girls in the Army, We have soldiers who happen to be female. Watch their life at borders!

    Meet The BSF Women Warriors Who Guard India's Borders!

    Saudi Police Arrest Woman For Posting Picture Without Veil On Twitter

    Saudi Police Arrest Woman For Posting Picture Without Veil On Twitter
    Police spokesman Fawaz al-Maiman did not name the woman, but several websites identified her as Malak al-Shehri, who triggered a huge backlash on social media after posing without the hijab in a main Riyadh street last month.

    Saudi Police Arrest Woman For Posting Picture Without Veil On Twitter

    China's Richest Man Looking For Successor After Son Refuses To Takeover

    China's Richest Man Looking For Successor After Son Refuses To Takeover
    China's richest man, owning a $92 billion empire, today said he is looking for a successor, most likely from a group of professional managers, to take over his business after his son declined to be his heir apparent.

    China's Richest Man Looking For Successor After Son Refuses To Takeover

    Canadian Inventors Launch Celebrity Board Game Internationally

    Canadian Inventors Launch Celebrity Board Game Internationally
    Who’d You Rather?, played on Ellen and TMZ, launches in three countries

    Canadian Inventors Launch Celebrity Board Game Internationally

    Bhangra In The Snow: Fort St. John Students Dance To Bhangra Tunes And Win Internet

    Bhangra In The Snow: Fort St. John Students Dance To Bhangra Tunes And Win Internet
    Students at Northern Lights College in Fort St. John showcase their sub-zero dancing skills in a new video posted online. 

    Bhangra In The Snow: Fort St. John Students Dance To Bhangra Tunes And Win Internet