The Reserve Bank of India (RBI) has come out against misuse of banknotes by making garlands out of it, decorating pandals and places of worship or for showering on personalities at social events.
“Banknotes should be respected as they are a symbol of the Sovereign and public should not misuse them and help in increasing the life of banknotes,” the central bank said in an appeal to the public.
The RBI said it has been taking all measures to supply clean banknotes across the country and has urged the members of public to contribute to its efforts in pursuing a ‘clean note policy’ for the country.
The RBI had issued such advisories several times in the past, but to no avail. Under the statutes there is no provision under to check or prevent such misuse of currency notes.