'Love letter' in rupee note..!? Don't do this..!!

After the demonetization of the Modi government, the most common message among the people is that if written on a currency note, it is invalid. As the explanation for this has not been published, many messages have been spreading on wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital platforms like whatsapp and Facebook. In this situation, the Modi government has now explained and put an end to the rumors that have been circulating for many years. It has gone viral all over india through whatsapp forward saying that it will not be announced. In order to put an end to this rumor, PIB FACT CHECK has explained this on its twitter account. The news claim that indian currency notes have any written invalidity is false, it said. It has been explained that even if it is written on a currency note, it will go.
However, India's central bank, the Reserve bank, has appealed to the public not to write on or shorten the useful life of the currency notes as part of its clean currency policy. This explanation has been clarified by the press Information Bureau, an information arm of the government of india, on Twitter. Also, no new regulations have been announced or implemented by the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india regarding the issuance of indian currency notes. In 1999, the RBI launched a Clean Note Policy, which is still in place, with the aim of gradually phasing out soiled notes from circulation to provide good quality currency notes and coins to indian citizens.The PIB further explained that under this clean note policy, since 1999, people are asked not to write on currency notes as they tarnish them and reduce their useful life. The central bank has the important responsibility of facilitating government transactions and ensuring adequate currency supply for the exchange and remittance needs of banks and the public.Although such announcements may shock people who express their love in currency notes, this is the correct custom. The government spends a huge amount of money only on the minting of coins and it is imperative to keep it under control and to give respect to the currency notes.

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RBI

Sowmiya Sriram

10/01/2023 09:43 AM