RBI Issued New Rs 350, Rs 5 Forex Notes? Pics Go Viral – Verify Reality

New Forex Notes Out? The Reserve Financial institution of India is permitted to subject forex notes in India. The RBI not solely replenishes the gaps created by torn notes but additionally points new notes at any time when required. After the 2016 demonetisation, the outdated Rs 500 and Rs 1,000 forex notes have been phased out. The RBI then launched new Rs 500 and Rs 2,000 forex notes. Subsequently, new Rs 200 notes have been additionally launched in India.
RBI Issued Rs 350 Be aware?
In 2023, the RBI withdrew the Rs 2,000 observe, making the Rs 500 banknote the biggest denomination forex observe within the nation. With social media broadly obtainable throughout the nation, individuals typically share pictures that go viral. Now, some pictures have surfaced of Rs 350 and Rs 5 forex notes, claiming to be issued by the RBI.
Nonetheless, these will not be new pics and the identical resurfaced three years in the past as effectively. These are all pretend pictures and the RBI has not issued any new denomination banknotes within the nation. The present denominations are Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 200 and Rs 500. Whereas Rs 5 banknote exists, no newly designed notes of Rs 5 have been issued by the RBI. The RBI has stopped printing Rs 2 and Rs 5 banknotes however these current out there proceed to be the authorized tender.
What RBI Mentioned
“Each banknote issued by Reserve Financial institution of India (Rs 2, Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500 and Rs 2000), until withdrawn from circulation, shall be authorized tender at anywhere in India in cost or on account for the quantity expressed therein, and shall be assured by the Central Authorities, topic to provisions of sub-section (2) Part 26 of RBI Act, 1934,” stated the RBI.
Forex Trivia
Are you aware what was the very best denomination observe ever printed? You’d be shocked to know that the very best denomination observe ever printed by the Reserve Financial institution of India was the Rs 10,000 observe in 1938 which was demonetized in January 1946. The Rs 10,000 was once more launched in 1954. These notes have been demonetized in 1978.