Business

RBI issues Rs 50 note with Das’s signature

MUMBAI, APR 17 (IANS) | Publish Date: 4/17/2019 12:22:24 PM IST

Reserve Bank of India (RBI) has issued Rs 50 denomination banknotes bearing the signature of Governor Shaktikanta Das.

“The design of these notes is similar in all respects to Rs 50 banknotes in Mahatma Gandhi (new) series,” the RBI said in a statement.

“All banknotes in the denomination of Rs 50 issued by the Reserve Bank in the past will continue to be legal tender,” it added.

In 2017, RBI had issued new Rs 50 and Rs 200 notes that are being used until now. 

The currently used Rs 50 notes are in the Mahatma Gandhi (new) series and bear the motif of ‘Hampi with Chariot’ on the reverse. Whereas the Rs 50 note is fluorescent blue in colour, the Rs 200 note has shades of purple.

On 8 November 2016, Narendra Modi government had announced the demonetisation of all Rs 500 and Rs 1000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new Rs 500 and Rs 2000 banknotes in exchange for the demonetised banknotes.

The Modi government had then said that the noteban action would restrict the shadow economy and cut down the use of illegal and counterfeit cash to fund illegal activity and terrorism.


-Tags:#RBI

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