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Reserve Bank of India clarifies no change in existing currency & banknotes

By wasmulhaq 
Updated Date

New Delhi: The Reserve Bank of India (RBI) on Monday made it clear that there would be no change to the existing currency and banknotes. The RBI’s explanation came after a report emerged that the central bank was planning to change the existing currency and banknotes and was ready to replace the face of Mahatma Gandhi.

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“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,” the RBI said in a statement.

But the central bank has clarified that there is no such proposal in the Reserve Bank.

“RBI clarifies: no change in existing currency and banknotes,” the central bank tweeted.

There were certain reports suggesting the finance ministry and the RBI were considering replacing the faces of Gandhi with those of two other well-known Indians, Rabindranath Tagore and APJ Abdul Kalam, on banknotes of certain denominations, according to a source.

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