No change in existing currency, banknotes, says Reserve Bank of India

Mangalore Today News Network

New Delhi, June 07, 2022: The Reserve Bank of India (RBI) on Monday clarified that there would be no change in existing currency and banknotes. The RBI’s clarification came after there were reports that claimed the central bank was mulling changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi.

 

"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.

"It may be noted that there is no such proposal in the Reserve Bank," the central bank stated.

"RBI clarifies: No change in existing currency and banknotes," the central bank tweeted.

There are certain reports suggesting the finance ministry and the RBI were contemplating to use the faces of other prominent Indians, including Rabindranath Tagore and APJ Abdul Kalam, on banknotes of certain denominations, according to PTI.