The RBI will soon issue new Rs 10 currency notes in Mahatma Gandhi Series-2005.
The Reserve Bank of India (RBI) will soon issue new Rs 10 currency notes in Mahatma Gandhi Series-2005. The central bank stated that all the banknotes in the above-mentioned denomination issued by the Bank in the past will continue to be legal tender. According to an official release issued by the central bank, the new notes will be issued with inset letter ‘L’ in both the number panels. Also, they will bear the signature of RBI Governor Urjit R Patel and year of printing ‘2017’ printed on the reverse of it.
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On November 8, 2016, Prime Minister Narendra Modi had announced to demonetise Rs 500 and Rs 1,000 currency notes with the aim to end black money, corruption and terrorism from the country along with turning Indian economy into a cashless one. It was followed by the launch of new Rs 500 currency notes and the introduction of a new denomination of Rs 2,000 by RBI Governor Urjit Patel and secretary of the Department of Economic Affairs Shaktikanta Das on the same day. 25 days after the decision, on December 5, 2016, RBI announced the issuance of new notes of Rs 20 and Rs 50 denominations. Though the new currency notes of lower denominations have not been launched yet, the RBI, months after the note ban, made an announcement of new Rs 10 notes today.
Meanwhile, soon after the issue, the currency notes of Rs 2,000 have been surrounded with controversy. From the rumour of microchip in the notes to track its transactions to its bleeding colour, the notes grabbed headlines for all bad reasons. Besides, the incidence of Delhi’s ATMs dispensing fake notes of Rs 2,000 was also came to light recently.