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No Change In Existing Currency And Banknotes, Contrary To Reports: RBI


“It may be noted that there is no such proposal in the Reserve Bank,” RBI mentioned in a notification.

New Delhi:

Reserve Bank of India (RBI) on Monday acknowledged that there could be “no change in existing currency and banknotes.” The central financial institution’s response got here after some newspapers had mentioned photographs of Bengal’s best icon Rabindranath Tagore and former President APJ Abdul Kalam, also referred to as the missile man, had been into account on a brand new sequence of banknotes of some denominations.

“There are reports in certain sections of the media that the Reserve Bank of India is considering changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi with that of others. It may be noted that there is no such proposal in the Reserve Bank,” RBI mentioned in a notification.



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