Reserve Bank of India (RBI) Assistant General Manager (AGM) Mahesh on Thursday said that the old series of Rs 100, Rs 10 and Rs 5 currency notes
Reserve Bank of India (RBI) Assistant General Manager (AGM) Mahesh on Thursday said that the old series of Rs 100, Rs 10 and Rs 5 currency notes will gradually reduce RBI. Planning to take back. Also this currency note by March-April GUJARATI ENGLISH:
He also questioned the disposal of Rs 10 coins, to deal with rumors that Rs 10 coins are no longer valid and any constructive way to raise awareness that coins are not counterfeit but still valid. 100 notes to be fully withdrawn by end of March The old series 100 rupee notes will be fully withdrawn by the end of March.
This note has been printed for the last 6 years. However, the RBI intends to recover the notes that were previously printed.
The old notes in the currency have been phased out and will be completed by the end of March. The government will not stop printing 2000 notes. The government has to make a statement in this regard. No demand letter was sent to the press to send Rs 2,000 notes in the financial years 2019-20 and 2020-21, but that does not mean that the government is considering stopping the printing of Rs 2,000 notes.
With more than 27 lakh notes in circulation, the Minister of State for Finance also informed that as on March 31, 2020, 27,398 currency notes of Rs 2,000 have been circulated.
As on March 31, 2019, the figure was 32,910 currency notes. He further said that the printing of notes was temporarily halted due to the imposition of lockdown following the Kovid-19 epidemic. However, this printing press has started operations in phases. Influenced by the lockdown, the printing of notes was stopped at the Reserve Bank of India Note Printing Pvt. Ltd. from March 23, 2020 to May 3, 2020. Work on the site began before May 4.
The printing of notes has also been stopped for some time in the Security Printing and Meeting Corporation of India Limited (SPMCIL). SPMCIL’s Nashik and Dewas-based press was closed during the lockdown. (6:03 pm IST)