Government Is Keen To Start Printing ₹1 Notes After A Gap Of Almost 20

[JANASENA]

 

One rupee may not buy you much today, yet the Government is keen to start printing ₹1 notes after a gap of almost two decades.

The Government has notified ‘Printing of One Rupee Currency Notes Rules, 2015’, which will come into effect from January 1, 2015. Due to higher cost and for freeing capacity to print higher denomination notes, printing ₹1 note was discontinued in November 1994, followed by ₹2 in February 1995, and ₹5 in November 1995. Since then, only coins have been issued for these denominations. However, old notes are still in circulation and remain legal tender.

The new ₹1 note will be different in terms of colour, too. It will be predominantly pink and green. Earlier, the ₹1 currency note had a predominantly indigo colour.

While the notification does not give any reason for resuming the printing of ₹1 notes, it is believed that reports of coin shortage and the rising incidence of melting coins might have prompted the move. The notification does not mention how many notes will be printed and issued.

 

[kiladi bullodu]

Gp

[always_happy116]

Gp

Why baa.. $1 ki chala value ikkada ani aa :p

[micxas]

:)

[BhagatSingh]

Super good move

[ravula]

Inflation baga undi
What is the point

[ChandraSekharCherukuri]

i heard aa note value kanna, aa note print cheyatanike ekuva cost ayiddiga 

malli idoka bokka deniki 

[k2s]

:O

[Krish]

Super good move

 

ela

[thedarkknight]

Inflation baga undi
What is the point

at present inflation is very less bhayya deflation vaipu ga saguthundhi 

[Mr_Ryan_01]

india lo SC's lo baga use avuthai itaecalling loser...!!

[Akkumm_Bakkumm]

Why baa.. $1 ki chala value ikkada ani aa :P

 

Note value and economy are inversely proportional. Pedda notes print chestunnaru and coins withdraw chestunnaru ante economy is becoming worst annattu.