The Reserve Bank of India slammed all the rumours and reports claiming that the Central Bank is considering changes to current bank notes, and will replace the image of Mahatma Gandhi with that of APJ Abdul Kalam and Rabindranath Tagore. The regulator clarified and rejected all the rumours, saying no such changes are being made.
RBI Clarifies With Official Statement
“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. It may be noted that there is no such proposal in the Reserve Bank.” an official statement issued by the RBI clarifies on its portal and also a tweet on the same day.
According to the portal moneycontrol.com, RBI Chief General Manager 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 that of others. It may be noted that there is no such proposal in the Reserve Bank.”
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Why is RBI Clarification Needed?
The statement from RBI and Chief Dayal came after several media publications reported in their articles that the existing currency notes are being replaced by the RBI. The face of Mahatma Gandhi will be replaced by the “Bengal’s cultural icon and Nobel laureate Rabindranath Tagore, and India’s late president Dr APJ Abdul Kalam.”
The report was initially claimed by the New Indian Express, “The Father of the Nation’s watermark figure occupies the pride of place on all denominations of Indian currency notes. However, the Finance Ministry and the Reserve Bank of India (RBI) are also reportedly considering using the watermark figures of Tagore and Kalam on a new series of banknotes of some denominations.”
A report published on June 5 also claimed that “RBI and the Security Printing and Minting Corporation of India (SPMCIL) had sent two separate sets of samples of Gandhi, Tagore and Kalam watermarks to IIT Delhi Emeritus Professor Dilip T Shahani.”
