Friday 18 August 2017

RS.50 NEW CURRENCY NOTES DESIGN

RS.50 NEW CURRENCY NOTES DESIGN

A few days back the information was given by the Reserve Bank to issue 200 rupees notes. However, this note has not been released yet and all this has now become a new photo viral.
This photo is about 50 rupees note. Soothing media is looking at a new note bundle of Rs.50 in a photo that is very fast.

According to a report, according to the data, a new note of Rs.50 is seen in a little firozi and there is also a creation of 500 and 2000 notes.
The note seen in the photos is from Mahatma Gandhi's 2005 series. On which will be the signature of Governor Urjit Patel.

Let us state that the RBI governor himself announced last year that the RBI will soon issue 50 rupees note in new shape and color, which will be the signature of Urjit Patel.
However, no statement has been received from the Reserve Bank's new 50's note and it is still not clear when the note will be out. Apart from this, the photo that is being viral is true but it has not been confirmed.

The Reserve Bank of India (RBI) in December last year had said that it would issue new currency notes of Rs 50 and Rs 20 denominations with numerals in ascending size in the number panels and without intaglio printing. Eight months later, pictures of the yet-to-be-unveiled notes of Rs 50 denomination are out on social media. The notes are paled turquoise in colour, quite different from the notes of the same denomination that are currently in circulation. They are in the Mahatma Gandhi Series-2005 and will bear the signature of current RBI Governor Urjit Patel.

In December, the central bank had said, “The Reserve Bank will shortly issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number panels, bearing signature of Dr Urjit R Patel, Governor, Reserve Bank of India, and the year of printing ‘2016’ printed on the reverse of the banknote.” The bank said that the design and security features of the new notes will be similar to the old tender, which will continue in circulation.
A government official told The Hindu Business Line that the new notes will sport the motif of a South Indian temple on the reverse, although indianexpress.com could not independently confirm the same.
After the government, in a sudden move, withdrew old currency notes of Rs 500 and Rs 1000 on the night of November 8 last year, the RBI introduced new notes of Rs 500 (stone-grey in colour) and Rs 2000 (purple in colour) in order to refill the circulation. The demonetisation exercise, that withdrew almost 86 of the currency in circulation, was carried out by the Centre in order to cut down on corruption, root out counterfeit currency and eliminate terrorist funding.
Economic Affairs Secretary Shaktikanta Das earlier this year said the government has no plans to introduce new Rs 1000 currency note and that the focus is on lower denomination notes.

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