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This was done via 2 ordinances. The first ordinance, the Bank Notes (Declaration of Holdings) Ordinance, 1946, required all banks and government treasuries in British India to furnish a statement of the amount of bank notes they were holding as of 11th January 1946. The second ordinance, the High Denomination Bank Notes (Demonetisation ...
Main articles: Banknotes of the pound sterling and Bank of England note issues. Note: The description of banknotes given here relates to notes issued by the Bank of England. Three banks in Scotland and three banks in Northern Ireland also issue notes, in some or all of the denominations: £1, £5, £10, £20, £50, £100.
The design of banknotes is approved by the central government, on the recommendation of the central board of the Reserve Bank of India. [5] Currency notes are printed at the Currency Note Press in Nashik, the Bank Note Press in Dewas, the Bharatiya Reserve Bank Note Mudran (P) Ltd at Salboni and Mysore and at the Watermark Paper Manufacturing ...
It was first introduced by the Reserve Bank of India in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954. In January 1978, all high-denomination banknotes of ₹ 1000, ₹ 5000, and ₹ 10000 were demonetized in order to curb unaccounted cash money. [1] [2]
Government of Hong Kong [Note 2] [1] Hungary: Pénzjegynyomda Zrt. 1922 (1925) Hungarian National Bank [1] India: Security Printing & Minting Corporation of India Limited (SPMCIL) 1928 Ministry of Finance [1] India: Bharatiya Reserve Bank Note Mudran (BRBNMPL) 1995 Reserve Bank of India [1] Indonesia: Perum Percetakan Uang R.I. (PERURI) 1971
King of the United Kingdom and India: 1, 5, 10, 15, 50 Obverse 1937 (discontinue) George VI: 1895 - 1952 King of the United Kingdom and India: 1, 2, 5, 10, 100,1000 Obverse 1943 (discontinue) Mahatma Gandhi (Mohandas Karamchand Gandhi) 1869–1948 Leader of the Indian independence movement ₹5: Obverse 2002 ₹10: 1996, 2018 ₹20: 2002, 2019 ...
The Reserve Bank of India was formally inaugurated on Monday, 1 April 1935 with its Central Office at Calcutta. Section 22 of the RBI Act, 1934, empowered it to continue issuing Government of India notes until its own notes were ready for issue. The bank issued the first five rupee note bearing the portrait of George VI in 1938. This was ...
The Paper Currency Act, 1861 gave the Government of India the exclusive right to print and circulate banknotes and thereby abolishes the printing and circulation of banknotes by the private Presidency Banks. Until the establishment of the Reserve Bank of India on 1 April 1935, the Government of India continued to print and issue banknotes. [2] [3]