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Currency notes demonetisation – Old notes are being cancelled again?


Currency notes demonetisation – Old notes are being cancelled again?

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Currency notes demonetisation

Currency notes demonetisation – For the first time in the India, in 1996, the currency notes printed with the image of Gandhi began to circulate. Then the Reserve Bank of India started the circulation of these bank notes in Rs.10 and Rs.500. Since then Gandhi’s photo appears on all Indian bank notes. The new 500 and 2000 rupee notes have the same feature.

All the things you need to know about new currency notes demonetisation.

Recently, the controversy started with a comment of Delhi Chief Minister Arvind Kejriwal. According to his statement, there is a need to replace Gandhi’s face in Indian currency with the idols of Lord Lakshmi Devi and Lord Ganesha. He indicates that Indonesia is the largest Muslim country in the world in terms of population and also has the image of Lord Ganesha on their currency. But why India has the largest Hindu population in the world but no Hindu deity image on their currency notes.

There is still a question in people’s minds regarding Currency notes demonetisation. In this context, he said that he will apply to the central Govt. to include images of Lord Lakshmi and Lord Ganesha on Indian currency notes from now on.

After this speech of the Chief Minister of Delhi, all the controversies started. The question arises in everyone’s mind, will the photo of Gandhiji be removed from Indian bank notes? Or Currency notes demonetisation will happen?

But taking such a decision is not possible overnight, the central government said. According to the Govt., RBI takes responsibilities of printing of bank notes in the country until they reach circulation.

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As per RBI’s law, what kind of bank notes should look like, what pictures will be on it, what size notes will be, if the board of RBI recommends everything, then the final decision is taken by the central government. If you have any questions or comments about this, you can tell in the comment box below. Keep visiting our website for more.
Written and edited by Rajeswari.

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