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Watch Rs 5000 and 10000 Indian currency notes(photos)

Watch Rs 5000 and 10000 Indian currency notes(photos)
Ahmedabad, DeshGujarat, 7 April, 2010




Collectors of note graphics and people interested in tracing back the history of the Indian currency system might be able to do so at the original bank notes exhibition organized by the Reserve Bank of India. RBI, Ahmedabad has organized exhibition of original bank notes issued by the central bank since 1935 as a part of its Platinum Jubilee Celebrations.

Interesting facts:

-Once upon a time in India, banks were free to issue their own bank notes, cheques and there were no or few restrictions on capital reserves too. There was free entry and exit of banks.This ‘free banking’ era ended in 1861 when the Paper Currency Act came into force, giving the government the monopoly of issuing bank notes in India.

-The Reserve Bank of India came into existence 75 years ago on April 1, 1935 to regulate the issue of bank notes and maintaining reserves with a view to securing monetary stability in India and to operate the currency and credit system of the country to its advantage.

-Currently, the Reserve Bank of India Act, 1934 has provisions to issue notes of denominations up to Rs 10,000. The government, on the advice of the Reserve Bank, can decide on various denominations of bank notes to be issued. At present, notes are issued in denominations of Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000. While as per the provisions of the Coinage Act, 1906, coins can be issued up to a denomination of Rs 1,000.

-Though originally privately-owned, the Reserve Bank of India became fully-owned by the government, post nationalization in 1949. 2009-10 was celebrated as the Platinum Jubilee year for RBI to commemorate 75 years of its ‘promise to pay’.

-With time, however, notes of smaller denominations were converted into coins as they constituted higher proportion of notes in circulation in terms of number while accounting for a lower value.


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Comments

  1. Dharmesh says:

    Looking at current spiking inflation, and if congressis not outstead from county…
    Days are not far, we will be soon on zimbabwe path and will certainly need such huge currency bils…
    Mark my words……….

  2. Hindu Boy says:

    Sab ko crorepati banna hai par voh din bhi dur ahi jab crore rupe mein chullu bar pani bhi nahi milega

  3. heer says:

    Darmesh! Pacho Bhuligayo ne!

    What congressis ? Say Maino congressis.

    Original congress was Indian nation Congress.
    Working for Hindus and Muslims, Sikhs and Christians alike.
    For Rich and Poor.
    For Freedom and dignity of Indians.
    To Days congress Is A Foreign National Congress.
    A Maino Congress, for Mafiosa Antonia Maino.
    It works to reverse independence.
    It denigrates Indians in the World.
    It wants Hindus and Muslims to be forcefully and by subterfuge converted to Catholicism.
    It has wrapped India in a Blanket of Ignorance, by capturing all News media Print and Tv News media by foreign inspired fifth columnists.

    Quotrocchi who was a Mafia Mastermind infiltrated congress and ruled India illegally by using PMO during Rajivs life Time
    Congress is Highjacked for the benefit of Proxy Raj by USA and Vatican.
    All those who are members of Maino Congress without questioning the Boffers History and Maino intentions are not only fools but enemies of India and Indians, Hindu or Muslims or Christians.

  4. rudra says:

    BY 2021 INDIA WILL BE A SUPER POWER BUT ONE THE MOST POOREST COUNTRY OF THE WORLD ALMOST 90 CR POPULATION WILL BE BELOW POVERTY LINE.,BECAUSE INDIAN POPULATION ULMOST 140CR SO SOIL FOR CROPES WILL DECREASE.FOOD CRISES,IMPORTIN FOOD FROM ABRODE,ALL THE BUSINESS RUNNING BY MULTINATIONAL COMAPNY,DRINKING WATER PROBLEM20 RS PERLITTER WATER AVAILABLE IN THE MARKET.ALMOST ALL THE RIVER WILL BE POLUTED.WE EXPORTING COMPUTER BUT IMPORTIN WATER,RICE FLOUR,SUGARNOBODY WILL BE READY JOIN ARMY.,BRAINDRAIN(DUE TO RESREVATION ALMOST 50%EDUCATED PEOPLE WENT TO ABRODE,ALMOST 5 CR BANGLADESHI RESIDES OFFICAIL IN INDIA,SOME STATES BECOME INDIPENDANT COUNTRY LIKE MIZORAM,NAGALAND,KERALA.JK,DOLLER WILL BE ALMOST 100RS.NATURAL RESORCES WILL OVER ,DESERTIFICATION WILL INCREASE,OLD AGE PEOPLE CAN NOT SURVIEV LONLEY. I PRAY TO GOD THIS THINGS WILL NOT HAPPEN.(THIS IS MY PERSONEL OPINION.)

  5. jay patel says:

    Dear All user

    Koi ne pase che 5000 ni ke 10000 rs ni note. hoy to maro contact karo yar M- 9067198900.

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  8. Deepak says:

    Hi.. This is deepak
    Baba ramdev want to remove 500 &1000 note what about 5000& 10000 note……

  9. Ram Gi says:

    Support anna hazare and be a g0od citizen of our India.
    Jai ho

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  21. dinkarwagh says:

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  24. Sonal Shikha says:

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    .
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    .
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  31. rajiv singh says:

    mera ak 10 ka note hai symbol of one boat bara size

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  41. snehal says:

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