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Banknotes: No plans to replace Gandhi’s face on currency notes, says RBI

Banknotes: No plans to replace Gandhi’s face on currency notes, says RBI

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Mumbai: The Reserve Bank of India (RBI) on Monday clarified it is not considering changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi with that of other eminent Indian personalities.

In a statement here, the central bank said: “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,” it said.

The RBI’s response came after a section of the media claimed that the central bank might consider using the images of Nobel Laureate Gurudev Rabindranath Tagore and former President of India A P J Abdul Kalam, alongside Mahatma Gandhi, on the new series of currency notes.

The media reports had said the RBI and the Security Printing and Minting Corporation of India Ltd (SPMCIL), the government’s printing and minting agency, had sent two sample sets of Gandhi, Tagore, and Kalam to IIT-Delhi’s Emeritus Professor Dilip T Shahani for selecting and submitting watermarks to the government for final approval.

 

(VP)

 

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