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RBI Clarification on 500 Rupees Notes: The nation’s central financial institution, the Reserve Bank of India, has denied experiences of Rs 500 notes disappearing from the market and has issued a clarification on this. RBI has mentioned by means of a press launch yesterday that the information of Rs 88,032.5 crore lacking from its system is inaccurate. This has occurred resulting from misinterpretation of data acquired from RTI. The RBI mentioned that the data given below RTI in regards to the notes of 500 rupees from three printing presses of the nation has been misinterpreted.
The information of the disappearance of Rs 500 notes got here yesterday.
It was reported in a number of media experiences yesterday that Manoranjan Roy had requested some questions below Right to Information i.e. RTI and in response it was mentioned that lakhs of Rs 500 notes with new design have gone lacking, their worth is Rs 88,032.5 crore. According to the data acquired, the three printing presses of the nation collectively printed 8810.65 crore notes of 500 rupees with the brand new design, however the Reserve Bank acquired solely 726 crore notes out of those. In whole, 1760.65 crore notes of Rs 500 went lacking, whose worth is Rs 88,032.5 crore.
What did RBI say
The Reserve Bank of India has mentioned in its press launch and publish on Twitter that RBI has acquired data that the information of Rs 500 notes disappearing from the system in a number of media experiences is inaccurate. The data acquired from the printing press has been misunderstood and it is very important know that no matter notes are printed within the printing press are utterly safe. The manufacturing, storage and distribution of those financial institution notes are monitored by the RBI with full protocol and a strong system is in place for this.
In the press launch issued by the RBI, it has been written on behalf of the Chief General Manager of the financial institution, Yogeshwar Dayal, that for any such data, all ought to rely solely on the data printed by the RBI.
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