Govt aims at printing all currency notes in India
At the moment only 70 per cent of the notes are being printed in India, while the remaining abroad
New Delhi, Nov 12: In the next two years, the government proposes to print 100 per cent of the currency notes in India. At the moment only 70 per cent of the notes are being printed in India, while the remaining abroad. India imports bank notes from the United Kingdom and France while the rest are printed in the country.
Officials say that the aim is to ensure that over the next two years, all notes will be produced in India. With regard to the new Rs 2,000 note, the official says this was printed only in India. However for the new Rs 500 note, paper had been imported the official also added.
It was the Prime Minister's Office that insisted the notes should all be printed in India. It was said that gradually over the next two years 100 per cent of the notes should be printed within the country itself.
The
PMO
felt
that
the
reliance
on
getting
the
notes
printed
abroad
should
stopped.
When
asked
if
this
move
to
have
all
the
notes
printed
within
India
had
anything
to
do
with
security
reasons,
the
officer
answered
in
the
negative.
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We do not believe that those companies abroad providing us with the bank notes have compromised security. They have been in the business for long and would not indulge in such acts. There were two companies which were in fact under the scanner, but investigations did not reveal any flaws in their operation, the officer also added.
OneIndia News