Why not Government of India think of introducing new currency notes?
Indian currency notes may need a new look as the people are looking at the same kind of currency notes for quite sometime now. Indian Rupee notes are of two categories. India uses notes of the following denominations 1, 2, 5, 10, 20, 50, 100, 500 and 1000. One Rupee (basic unit) is being issued by Government of India and bears the signature of the Finance Secretary. Rest of the notes are issued by Reserve Bank of India and carry the facsimile of the signature of its Governor.Of these the usage of coins in place of currency notes is more prevalent in case of those with denominations of Rs 1, 2 and 5. There is recent news items stating that the Government of India is thinking of reissuing the One Rupee currency notes which were last printed around 10-15 years back. The reverse and obverse images of the last one rupee note is as follows Similarly the Rs 2 note which is rare to find now a days appears as below If you look at these two notes the obverse side o...