01 June,2017 06:00 AM IST | Mumbai | mid-day online correspondent
The Reserve Bank of India (RBI) will put the Re 1 note back in circulation in order to compliment coins of the same denomination in limited numbers
The Re 1 note. Pic/YouTube
The Reserve Bank of India (RBI) will put the Re 1 note back in circulation in order to compliment coins of the same denomination in limited numbers. The notes are believed to have a pink green colour on obverse and reverse combined with other colours, mirroring a design, which was circulated in 2015.
According to The Times of India, this move comes since the note was phased out of circulation nearly 2 years ago.
Re 1 notes are not designed and issued by the Reserve Bank of India (RBI). In fact, the government takes the onus in this matter.
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The signature on these notes is of the finance secretary, as opposed to notes of other denominations, which posses the RBI governor's sign.
Rs 1.14: The printing cost of each 1 Re note
