Reserve Bank of India On Monday, June 6, it dismissed reports that claimed it was considering alterations to existing banknotes and would replace Mahatma Gandhi’s face with those of Rabindranath Tagore and APJ Abdul Kalam, and that it would replace a slew of currency notes. Will release new series. The central bank said there was no such proposal, so rejected the report.
“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 others. It may be noted that there is no such proposal in the Reserve Bank,” the central bank said in a statement that day, which it also posted on Twitter.
RBI clarified: No change in existing currency and banknoteshttps://t.co/OmjaKDEuat
— Reserve Bank of India (@RBI) 6 June 2022
According to a report in Moneycontrol.com, RBI Chief General Manager Yogesh Dayal also denied the claims. “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 others. It may be noted that there is no such proposal in the Reserve Bank,” Dayal said.
The RBI and Dayal’s statements came a day after various publications cited an article saying that the central bank and the finance ministry are considering linking images of Bengal’s cultural icon and Nobel laureate Rabindranath Tagore and late President of India Dr APJ Abdul Kalam. Was doing. Bank and currency notes thus replace the current images of Mahatma Gandhi, a symbol of India’s freedom struggle.
The report, first published in the New Indian Express, claimed that the changes were being implemented. “The watermark figure of the Father of the Nation occupies a place of pride on all denominations of Indian currency notes. However, the Ministry of Finance and the Reserve Bank of India (RBI) also reportedly used the watermark figures of Tagore and Kalam on a new series of banknotes of certain denominations. are considering using.
The June 5 report also claimed that the RBI and the Security Printing and Minting Corporation of India (SPMCIL) had “sent two different sets of Gandhi, Tagore and Kalam watermarks to IIT Delhi Emeritus Professor Dilip T Shahani.” The paper quoted government sources as saying that Shahani was asked to choose from the designs and submit them to the government before final consideration.
This was the first time that it was reported that the RBI was considering using images of famous personalities other than Mahatma Gandhi on banknotes. However, the report turned out to be untrue, according to the RBI which rejected all such claims regarding the changes.
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