RBI Clarification on 500 Rupees Notes: The country’s central bank, the Reserve Bank of India, has denied reports of Rs 500 notes disappearing from the market and has issued a clarification on this. RBI has said through a press release yesterday that the news of Rs 88,032.5 crore missing from its system is incorrect. This has happened due to misinterpretation of information received from RTI. The RBI said that the information given under RTI about the notes of 500 rupees from three printing presses of the country has been misinterpreted.
The news of missing Rs 500 notes came yesterday.
It was reported in several media reports yesterday that Manoranjan Roy had asked some questions under Right to Information i.e. RTI and in response it was said that lakhs of Rs 500 notes with new design have gone missing, their value is Rs 88,032.5 crore. According to the information received, the three printing presses of the country together printed 8810.65 crore notes of 500 rupees with the new design, but the Reserve Bank got only 726 crore notes out of these. In total, 1760.65 crore notes of Rs 500 went missing, whose value is Rs 88,032.5 crore.
What did RBI say
The Reserve Bank of India has said in its press release and post on Twitter that RBI has received information that the news of Rs 500 notes disappearing from the system in several media reports is incorrect. The information received from the printing press has been misunderstood and it is important to know that whatever notes are printed in the printing press are completely secure. The production, storage and distribution of these bank notes are monitored by the RBI with full protocol and a robust system is in place for this.
In the press release issued by the RBI, it has been written on behalf of the Chief General Manager of the bank, Yogeshwar Dayal, that for any such information, all should rely only on the information published by the RBI.
read this also
