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Dec 05, 2016
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RBI to issue new Rs 50 and Rs 20 notes; old bills to continue
The Reserve Bank today said it will issue new currency notes of Rs. 20 and Rs. 50 denominations with numerals in ascending size in the number panels and without intaglio printing.The old notes of Rs. 20 and Rs. 50 will remain legal tender.These new notes come against the backdrop of government last month scrapping Rs. 500/1000 currency notes to crack down on black money.“The Reserve Bank of India will shortly issue Rs. 20 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ‘L’ in both the number panels, bearing signature of Dr Urjit R Patel, Governor, Reserve Bank of India, and the year of printing ‘2016’ printed on the reverse of the banknote,” RBI said in a statement.
Source -
http://www.thehindubusinessline.com
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