RBI quashes reports of 'mysterious disappearance' of Rs 500 notes worth crores
The central bank said that all banknotes supplied from printing presses to the RBI are properly accounted for.
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The central bank said that all banknotes supplied from printing presses to the RBI are properly accounted for.
RBI in the statement said, "It is further informed that there are robust systems in place for reconciliation of banknotes printed at the presses and supplied to RBI which include protocols to monitor production, storage and distribution of banknotes."
The report claimed the three Indian mints issued 8,810.65 million pieces of the newly designed Rs 500 note but the Reserve Bank of India received only 7260 million.
These reports are based on erroneous interpretation of information collected under the Right to Information Act, 2005 from the printing presses,
According to data obtained under the Right to Information Act (RTI) by activist Manoranjan Roy, 375.450 million pieces of the newly designed Rs 500 note were printed by the Currency Note Press, Nashik, but RBI records having received only 345.000 million pieces printed between April 2015 and December 2016.