If you put your hand in your pocket, give a currency note where it is needed. But do you know how those notes are made? You know the rules for printing them. When was the first currency note printed in India? How did currency notes and coins originate in India? What are the rules for printing notes or issuing coins? You will find the answers to many such questions in this article.
In India, in terms of currency, coins of Rs. 1,2,5,10 and notes of Rs. 5, 10, 20, 50, 500 and 2 thousand are in circulation. According to which notes are printed. Money is the most important thing to meet our needs. Not everyone knows about the notes we use in the form of rupee. Most people have as much information as the currency notes used. But how the need for notes arose. We do not know when the first note was printed. All the unknown things about our currency notes.
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Where are the currency notes printed?
The currency notes are printed by the Government of India and the Reserve Bank. The printing of currency notes is done only in the Government Printing Press. There are only 4 printing presses for printing currency notes in the country.
Where does the ink for notes come from?
The currency used for printing banknotes is imported from the Swiss company SICPA, which uses Intaglio, Fluorescent and Optically Variable Ink (OVI). Whenever ink is imported its composition is modified. The ink is changed every time so that no country can imitate the ink.
How does ink work?
Intaglio is used to print photos of Gandhi appearing on ink currency notes. Fluorescent ink is used for numbers printed on currency notes. Optically variable ink is used for a special purpose. A few changes are made so that the currency notes cannot be copied.
Where does the paper for currency notes come from?
There is a paper mill in Hoshangabad, India for currency notes, in which paper is made for currency notes and stamps. However, most of the paperwork for Indian currency notes is ordered from Germany, Japan and the UK.
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When was the first currency note printed?
The printing of currency notes started in 1862. The first note was printed by the British government in the year 1862. It was printed by a UK company.
How was the 1 rupee note printed?
There was a time when the government was not able to mint silver coins because of the war. So for the first time in the year 1917, silver coin was replaced by 1 rupee note. People first saw the note on November 30, 1917. On which was printed a picture of King George V of Britain. However, printing of this note was discontinued in 1926. Why the cost of printing was so high. The printing of notes was resumed in 1940. Which lasted until 1994.
What is the rule for printing currency notes?
The number of banknotes to be printed in any country is decided by the government of the country. The decision to print banknotes is taken keeping in view the central bank, GDP, monetary food, and growth rate.
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How much does it cost to print a note?
The Reserve Bank prints all notes except Rs 1 notes. According to the Reserve Bank, printing a Rs 200 note costs Rs 2.93, while printing a Rs 500 note costs Rs 2.94, while printing a Rs 2,000 note costs Rs 3.54.
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