Printers expected a New Year launch for new notes, caught unawares - News Summed Up

Printers expected a New Year launch for new notes, caught unawares


A brand new Rs 2000 currency note. (Express Photo by Arul Horizon) A brand new Rs 2000 currency note. Together, the four security presses have a production capacity of over three billion “pieces” of currency every month. On Monday, Economic Affairs Secretary Shaktikanta Das chaired a high-level meeting in the Finance Ministry that reviewed the distribution of the new currency notes to banks as well as the withdrawals from ATMs. In 2011, the RBI cancelled all supplies of the British currency paper major, De La Rue, following deficiencies that had cropped up in the security features.


Source: Indian Express November 12, 2016 23:42 UTC



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