Remarkable facts regarding history of demonetization of Indian rupee notes

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Demonetization policy will help India to become corruption Free?

New Delhi: Remarkable facts regarding history of demonetization of Indian rupee notes. Prime Minister Narendra Modi in a broadly broadcast address on November 8, 2016 declared that 500 and 1,000 rupee notes would be pulled back from dissemination in an offer to handle defilement.

Remarkable facts regarding history of demonetization of Indian rupee notes

Remarkable facts regarding history of demonetization of Indian rupee notes – India Virals

Be that as it may, the move to demonetise Rs 500 and Rs 1,000 cash notes isn’t new.

Here’s taking a gander at some intriguing certainties about the historical backdrop of demonetisation of Indian cash.

Rs 1,000 and higher category notes were first demonetised in January 1946 and again in 1978.

The most noteworthy category note at any point printed by the Reserve Bank of India was the Rs 10,000 note in 1938 and again in 1954.

Be that as it may, these notes were demonetised in January 1946 and again in January 1978, as indicated by RBI information.

Rs 1,000 and Rs 10,000 certified receipts were available for use before January 1946.

Higher group banknotes of Rs 1,000, Rs 5,000 and Rs 10,000 were reintroduced in 1954 and every one of them were demonetised in January 1978.

The Rs 1,000 note made a rebound in November 2000.

Remarkable facts regarding history of demonetization of Indian rupee notes

Rs 500 note came into course in October 1987.

In any case, this is the first occasion when that Rs 2,000 money note is being presented.

Certified receipts in Ashoka Pillar watermark arrangement in Rs 10 section were issued in the vicinity of 1967 and 1992, Rs 20 of every 1972 and 1975, Rs 50 out of 1975 and 1981 and Rs 100 between 1967-1979.

The banknotes issued amid this period contained the images speaking to science and innovation, advance and introduction to Indian artistic expressions.

In the year 1980, the legend Satyameva Jayate – ‘truth alone should win’ – was fused under the national symbol out of the blue.

In October 1987, Rs 500 banknote was presented with the representation of Mahatma Gandhi and Ashoka Pillar watermark.

Mahatma Gandhi (MG) arrangement banknotes – 1996 were issued in the groups of Rs 5, (presented in November 2001), Rs 10 (June 1996), Rs 20 (August 2001), Rs 50 (March 1997), Rs 100 (June 1996), Rs 500 (October 1997) and Rs 1,000 (November 2000).

The Mahatma Gandhi Series – 2005 monetary certificates were issued in the section of Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000 and contained some extra/new security includes when contrasted with the 1996 MG arrangement.

The Rs 50 and Rs 100 banknotes were issued in August 2005, trailed by Rs 500 and Rs 1,000 sections in October 2005 and Rs 10 and Rs 20 in April 2006 and August 2006, separately.

Remarkable facts regarding history of demonetization of Indian rupee notes – India Virals

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