The first currency note issued by the Reserve Bank of India was the Rs 5 note. This note was printed in the year 1938, which had the picture of King George VI.
Only the Reserve Bank of India has the authority to issue currency in the country. RBI follows the minimum reserve system rule for printing currency. This rule was made in the year 1956. Reserve Bank always has to keep a minimum reserve of Rs 200 crore against currency note printing. In this, it is necessary to keep gold of Rs 115 crore and foreign currency of Rs 85 crore. Now every day, we use 10, 20, 50, 100, 500 and 2000 notes, but do you know how much it costs to print. Let us know about this.
The cost of printing any currency note is not directly related to its value. Suppose the printing price of Rs 100 note is coming to Rs 3 per note, then it does not mean that RBI can print any number of notes. If this was the case, then India’s economy would never go down and India would have stood in the queue of a developed country far ahead of poverty.
The cost of printing Rs 200 note comes to Rs 2.93 per note. Its length to width ratio is 66 X 146 mm². The picture of ‘Sanchi ka Stupa’ is printed on the 200 note. Similarly, the cost of printing Rs 500 note comes to Rs 2.94. The picture of Red Fort is printed on this note.
The ratio of width to length of 2000 rupee note is 66 X 166 mm². 2000 rupee note is the highest denomination currency in the country. The picture of ‘Mangalyaan’ is printed on this note. This note was issued by the Reserve Bank after the demonetisation in 2016. The cost of printing 1 note of Rs 2000 comes to Rs 3.54.
Reserve Bank of India was established in the year 1935. The first currency note issued by RBI was Rs 5 note. This note was printed in the year 1938, which had the picture of King George VI. The name of Indian currency is Indian Rupee (INR). The symbol of Indian Rupee is “₹”.