After 20 Years, RBI To Put 1 Note Into Circulation



On the obverse, the note will carry bilingual signature of Finance Secretary Rajiv Mehrishi. It will contain words Bharat Sarkar and Government of India with the replica of new rupee coin and rupee symbol of 2015 with Sataymev Jayate words printed on it. Capital insert letter ‘L’ will be in the numbering panel.

Currency notes in India bear signature of RBI governor.

The numbering will be black at right hand bottom portion of the note, it added.

On the reverse, it will contain Bharat Sarkar and Government of India words with the year 2015 on the representation of one rupee coin with rupee symbol having floral design, RBI said.

“The surrounding design will consist of the picture of Sagar Samart – the oil exploration platform and with the authentic rendering of value in fifteen Indian language in language panel and the year figure shown in the centre bottom in international number,” it added.

In November 1994, printing of one rupee note was stopped mainly due to higher cost and for freeing capacity to print currency notes of higher denomination.
Printing of two and five rupee notes too were discontinued in 1995. Since then, only coins have been issued for these denominations. Older notes are still in circulation and remain legal tender.

Other paper currency notes currently being printed are Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000.
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Source: PTI