The Reserve Bank of India clarified on Monday that there is no such thing as a proposal with the central financial institution on making adjustments with any current forex and financial institution notes. The clarification comes a day after some media stories claimed that the RBI and the central authorities is contemplating making adjustments to the be aware by changing the face of Mahatma Gandhi with that of different leaders akin to APJ Abdul Kalam and Rabindranath Tagore.
“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,” the RBI stated in a clarification Monday.
According to a New Indian Express report, citing unnamed sources, the RBI and the Security Printing and Minting Corporation of India (SPMCIL), beneath the Ministry of Finance, are contemplating to make use of watermarks of author and Nobel Prize awardee Rabindranath Tagore, and India’s former President APJ Abdul Kalam on some financial institution notes. The report additional claimed that designing of samples had ‘official sanction’ nonetheless, no agency resolution has been taken on it but.
The watermark picture of the ‘Father of the Nation’ Mahatma Gandhi is printed on all financial institution notes. This apply was commemorated for the primary time again in 1969 initially on the Rs 1, Rs 2 and Rs 5 notes. The design sequence in honour of the start centenary celebrations of Mahatma Gandhi was issued within the Nineteen Sixties which depicted a seated Gandhi with the Sevagram Ashram because the backdrop.
Source: www.financialexpress.com”