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RBI to shortly issue Rs 1000 banknotes without inset letter

Last Updated: Thursday, May 29, 2014, 21:03

The Reserve Bank would shortly issue Rs 1,000 denomination banknotes without inset letter in the Mahatma Gandhi series-2005.

Single currency notes infested with over 3,000 types of bacteria

Last Updated: Tuesday, April 22, 2014, 22:08

Researchers at New York University`s Dirty Money Project found that currency is a medium of exchange for hundreds of different kinds of bacteria, as bank notes are passed on from hand to hand.

Pre-2005 notes valid for commercial transaction till March: RBI

Last Updated: Tuesday, January 28, 2014, 21:21

Reserve Bank on Tuesday said all pre-2005 currency notes can be used for commercial transaction only till March 31 but could be exchanged at banks even after this deadline.

RBI asks public to start exchanging pre-2005 currency notes

Last Updated: Friday, January 24, 2014, 18:02

The Reserve Bank has advised the public to start exchanging pre-2005 notes at banks, saying the volume of such notes that are being withdrawn from circulation is 'not significant.'

Order on notes not an attempt at demonetisation: Rajan

Last Updated: Thursday, January 23, 2014, 18:42

Reserve Bank Governor Raghuram Rajan on Thursday said the order withdrawing all currency notes printed before 2005 was not an attempt at demonetisation or had anything to do with the general elections.

RBI to withdraw all pre-2005 currency notes

Last Updated: Wednesday, January 22, 2014, 19:22

The Reserve Bank on Wednesday decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations, after March 31 in a move apparently aimed at curbing black money and fake currencies.

'Don't fall prey of rumours banks won't take scribbled notes'

Last Updated: Tuesday, December 31, 2013, 17:07

Reserve Bank Tuesday asked people not to fall prey to rumours circulating that banks would not accept banknotes with scribbling from January 1, 2014.

Britain mulls issuing plastic currency notes

Last Updated: Wednesday, September 11, 2013, 15:17

Understandably, the plastic banknotes will be resistant to dirt and moisture, and are safe and more durable.

Jane Austen confirmed as face of 10 pound note

Last Updated: Thursday, July 25, 2013, 19:27

The Bank of England (BoE) announced that the `Pride and Prejudice` author will replace Charles Darwin.

Don't staple, issue only clean notes: RBI to banks

Last Updated: Tuesday, May 14, 2013, 15:06

The Reserve Bank has directed banks to do away with stapling of note packets and issue only clean currency notes to the public.

Exchange cut, soiled banknotes at all branches: RBI to banks

Last Updated: Tuesday, March 05, 2013, 23:12

The Reserve Bank Tuesday directed all banks to facilitate exchange of cut or mutilated bank notes with clean notes at all their branches.

Plastic banknotes could replace paper money in UK

Last Updated: Monday, December 17, 2012, 13:11

Plastic banknotes which are more durable, waterproof and harder-to-counterfeit, are set to be introduced in Britain, replacing the paper money used for more than 300 years.