NEW INDIAN BANKNOTES PRINTED IN SECRET

The high-value Rs 2,000 notes, introduced by Prime Minister Narendra Modi to replace Rs 1,000 notes to flush out black money, were largely printed at Mysuru under utmost secrecy while the paper note on which the printing was done came from Italy, Germany and London. The government printing press facility at Dewas, Nasik and Salboni in West Bengal were not utilised in the initial phase, according to government sources.

The printing, according to officials, began in August-September and nearly 480 million notes of Rs 2,000 denomination and an equal number of Rs 500 denomination were printed. The printing facility at Bharatiya Reserve Bank Note Mudran Private Ltd. (BRBNMPL) in Mysuru under Reserve Bank of India was set up with the De La Rue Giori, now KBA Giori, Switzerland. A similar facility has been developed at Salboni by Komori Corporation, Japan, said officials.

A senior government official on the condition of anonymity said, "The printing at other government presses will start soon. The bank note mills set up at Mysuru and Hoshangabad in Madhya Pradesh will be able to meet 70% of domestic currency demand in coming days. However, we are concerned with the capping on withdrawal of Rs 2000 per day up to November 18, 2016 and it is expected to lead to chaos at ATMs."

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Printing of Rs 2,000 banknotes began in Aug-Sept in Mysuru (http://economictimes.indiatimes.com/news/economy/policy/printing-of-rs-2000-banknotes-began-in-aug-sept-in-mysuru/articleshow/55368130.cms)

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