INDIA'S FLUORESCENT 50 RUPEE BANKNOTE

The Reserve Bank of India have announced (18th August) the addition to their latest bank-note series, which was introduced earlier this year. The new note is a 50-rupee denomination and the unusual feature it boasts is that the colour is somewhat fluorescent in appearance. The turquoise-blue note features a portrait of Mahatma Gandhi, whose image was first introduced on Indian bank notes in 1996. The new, updated series also includes new denominations of 2,000 rupees and an upcoming 200 rupees. Both are the first time these values are issued in the Indian economy. Also included on the new-generation rupee bank notes is the symbol for the Indian rupee, “?,” which the Reserve Bank introduced to the Indian public in July 2012.

The new bank note has been reduced in size from the previous issue and now measures 135 x 66 millimetres, which is in keeping with the new 2,000-, 1,000-, and 500-rupee notes in this updated series. The new note continues to depict the Mahatma on the face, with the portrait now positioned towards the centre. To the left of the portrait, the Devanagari symbol and numeral To the right of the portrait is the note’s watermark field and the name of the authority, along with the seal of the Reserve Bank of India and the denomination of ? 50.

The back depicts the motif of the Hampi with Chariot, referencing part of the country’s cultural heritage. The year of issue is included to the left of the field of the watermark, and an image of the Mahatma’s emblematic spectacles is seen below the watermark field together with wording in Devanagari. To the right of the watermark, a panel of text is included which shows the note’s denomination in several different languages which are prevalent in India.

To read the complete article, see:
India: Fluorescent colour features on latest 50-rupee bank note issued by Reserve Bank (http://news.coinupdate.com/india-fluorescent-colour-features-on-latest-50-rupee-bank-note-issued-by-reserve-bank/)

200 and 50 Rupee notes

The Reserve Bank of India (RBI) said the supply of 200-rupee notes, brought into circulation on Friday, will soon be ramped up across the country through banking channels.

"The production of these notes is being ramped up by the currency printing presses and over time as more notes are printed, it will be distributed across the country through the banking channels and will be available for public in adequate quantity," the RBI said in a statement.

Currently, these notes are available only through select RBI offices and banks as is normal when a new denomination of notes is introduced and the supply increases gradually, it said.

Introduction of this denomination is expected to facilitate exchange transactions for the common man and provide complete series of denomination for transactions at the lower end.

To read the complete article, see:
India unveils 200-rupee note (https://www.khaleejtimes.com/business/banking-finance/india-unveils-200-rupee-note)

To read the earlier E-Sylum articles, see:
INDIA SCRAPS 500 AND 1,000 RUPEE BANKNOTES (www.coinbooks.org/esylum_v19n46a38.html)
RUPEE BANKNOTE BAN CAUSES PANIC (www.coinbooks.org/esylum_v19n46a39.html)
NEW INDIAN BANKNOTES PRINTED IN SECRET (www.coinbooks.org/esylum_v19n46a40.html)
INDIA'S BANKNOTE WOES CONTINUE TO MOUNT (http://www.coinbooks.org/esylum_v19n47a33.html)

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