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No change in existing currency and banknotes

The Reserve Bank of India (RBI) has clarified that it is not considering replacing the image of Mahatma Gandhi with that of others on existing currency and banknotes. 

In a statement on Monday, the central bank said, “There are reports in certain sections of the media that the Reserve Bank of India is considering changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi with that of others. It may be noted that there is no such proposal by the Reserve Bank.” 

The RBI issues the Gandhi Series of banknotes as legal tender for the Indian rupee.  

Earlier, some media reports claimed that the finance ministry and the RBI are considering using the watermark figures of Nobel Laureate Rabindranath Tagore and 11th President of India APJ Abdul Kalam on a new series of banknotes of some denominations.  

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