To regulate the issue of bank notes and keeping of reserves. This website is dedicated to the study of indian paper money from the past to the present.
The bbc explains why india has banned 500 and 1000 rupee notes and what it means.
India currency notes images. Rbis counsel senior advocate shyam mehta told a bench of chief justice naresh patil and justice n m jamdar that the rbi had constituted a four. The preamble of the reserve bank of india describes the basic functions of the reserve bank as. The artwork on a countrys currency usually contains historical or cultural references and is a source of national pride.
The information in this website will support research and education in. For the first time tk 1000 denomination currency note will hit the countrys money market from monday next to meet the growing demand of the currency in the. 4th series the portrait series currency notes 1999 present the portrait notes are the fourth series of currency notes launched on 9 september 1999.
New currency is not 100 made in india rbi is sourcing raw materials from other countries. A top economist labels indias dramatic move to scrap 500 76 and 1000 rupee notes bad economics. Here are copies of all the foreign.
Printing of notes is planned as per requirement and now rs 2000 notes constitute 35 by value of the total circulation.