🏦RBI 🚀Launches New Batch of ₹500 Notes💵

  |   India News

"In continuation of issuing of Rs 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter "A" in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank of India; with the year of printing '2017' on the reverse, are being issued," RBI said in a statement.

Last week, RBI had said that nearly 83 per cent of the currency has been remonetised and denied there was any shortage of cash in the system.

Minister of State for Finance Arjun Ram Meghwal in reply to a question in the lower house of the Parliament, Lok Sabha in December last year had said that the day on which demonetisation was announced (November 8), there were 17,165 million pieces of Rs 500 notes and 6,858 million pieces of Rs 1,000 notes in circulation.

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