21.2 C
New York
Wednesday, April 30, 2025
HomeBusinessReports on ‘missing’ banknotes misinterpretation of info: RBI - Times of India

Reports on ‘missing’ banknotes misinterpretation of info: RBI – Times of India

Date:

Related stories

Free Online Bonus Game Slots

Free Online Bonus Game Slots We were pretty impressed...

Free Online Bonus Game Slots

Free Online Bonus Game Slots We were pretty impressed...

Jackpot Party Casino No Deposit Bonus 100 Free Spins

Jackpot Party Casino No Deposit Bonus 100 Free Spins...

Jackpot Party Casino No Deposit Bonus 100 Free Spins

Jackpot Party Casino No Deposit Bonus 100 Free Spins...

Win Real Money Slots Online Ireland

Win Real Money Slots Online Ireland Win real money...

MUMBAI: The Reserve Bank of India (RBI) has denied reports suggesting a discrepancy between the quantity of banknotes printed and the amount supplied to the RBI during the 2015-16 period. The central bank has responded to allegations circulating in certain media outlets and circulated in social media, emphasizing that these reports are inaccurate.
According to the RBI, these claims stem from a misinterpretation of information obtained through the Right to Information Act, 2005, from the banknote printing presses. The RBI clarifies that all banknotes supplied from the printing presses to the central bank are duly accounted for. Furthermore, robust systems are in place to ensure the reconciliation of banknotes printed at the presses and those supplied to the RBI. These systems encompass protocols for monitoring the production, storage, and distribution of banknotes.
In light of the clarification, the RBI urged the public to rely on information published by the central bank regarding such matters. The news reports alleged that there was a discrepancy between the quantity of notes printed and the quantity of notes received by the bank.



Source link

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here