India’s « Value of Money » contest held by the National Institute of Design (NID) and the Royal Dutch Kusters Engineering – a global manufacturer of custom-designed The money used in a particular country at a particular time, like dollar, yen, euro, etc., consisting of banknotes and coins, that does not require endorsement as a medium of exchange. More disintegration systems – was more fruitful than expected. Indeed, instead of three winners, the organisers decided to reward the top four projects.
Thirty participants from across the country have proposed a variety of innovative solutions to process India’s demonetised notes including transforming the notes into construction material, furniture and officeware. The winners were publicly announced during a ceremony on September 25th.
Kusters Engineering estimates that the destruction of the millions of demonetised 500 and 1,000 rupee notes will take around two years. Over 57,000 million notes are to be recycled.
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