Post demonetisation, a huge number of banned ₹500 & ₹1000 notes were recovered from the public. So what happened to this currency?
As per a report in Hindustan Times, convicts at Puzhal Central Prison who are undergoing life imprisonment are converting the discontinued currency into stationery like file pads. This stationery will be used in the offices of the state government.
70 tons of shredded currency notes were given to the prison to convert into stationery – 9 tons out of which have been used so far. The rest will be given to the prison inmates of the stationery making unit in phases.
An unbelievable number of 1000 file pads are made using this currency at Puzhal prison by a team of 25-30 specially trained convicts who work eight hours a day. The wages being paid ot them is dependant upon how skilled they are but ranges from ₹150-200 per day. The entire process of making the shredded paper into pulp, rolling and drying is done by hand. This file pad that is derived as the final product looks exactly like the ones we often see in government offices with red cloth in the corners.
Preview Photo: R Senthil Kumar/PTI via HT