Tuesday, August 21, 2018

Gowindan Nampoothiri
Gowindan Nampoothiri, former General Manager PP (Retired )
A currency note will not last more than 4 years ,it becomes shabby or torn or unfit for circulation.Those soiled notes coming back has to be replaced ,which are unfit for circulation .25 % of circulation in currency has to be replaced by printing
2.If GDP is increasing at 6 % ,proportionate additional currency has to be newly printed .
We do not print more than what is minimum needed
The color ,design and size are changed periodically to reduce the chances of forged /fake notes .This is a normal practice in all countries ,nothing new to India .

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