New 5000 rupee note : With the beginning of the new year 2025, the news of the release of a new 5000 rupee note has made a lot of headlines on social media. It is being claimed that the Reserve Bank of India (RBI) will soon release a new 5000 rupee note. However, let us know what is the truth of this claim.
Rumors of 5000 rupee note went viral on social media
Many posts are going viral on social media regarding the new Rs 5000 note. Many users on Facebook are claiming that 'RBI will issue a new Rs 5000 note', and people are giving different reactions to this. In one of these posts, it is written that 'the Rs 5000 note will increase inflation' and 'it will prove to be a big problem for small shopkeepers.'
Many users have also jokingly said that the Rs 5,000 note can be used for 'foreign export', and some have even suggested 'sending it to London'.
What is the truth behind the claim of 5000 rupees note?
According to reports, the claims about the new Rs 5000 note that are spreading on social media are completely rumors. RBI has not confirmed any official announcement in this regard. No information has been given about this on RBI's website and social media platforms. Apart from this, Indian media organizations have also termed it as just a rumor.
According to RBI, there is no plan to issue any Rs 5000 note. Currently the largest note in Indian currency is Rs 2000, which will be phased out of circulation by RBI in 2023.
5000 Rupee Note: Ever happened in the history
India also has a history of Rs 5000 notes. In 1954, the Reserve Bank of India issued a Rs 5000 note, which was later discontinued by the then Prime Minister Morarji Desai in 1978. In recent years, the Rs 2000 note was the largest note in India, but it was taken out of circulation in 2023.
Process for issuing new currency notes
There is a complex and lengthy process, involving multiple stages and regulatory bodies.
Assessing the need: Firstly, the Reserve Bank of India (RBI) assesses whether there is a need for new denomination notes or not.
Approval from Government: It is mandatory to obtain approval from the Central Government for new currency notes.
Design and security features: The new notes are designed and equipped with high security features to prevent them from being easily counterfeited.
Printing: Notes are printed based on the approved design.
Distribution: Newly printed notes are distributed to the public through banks.
Public Awareness: RBI educates the public about the features of the new notes so that people can identify these notes and use them properly.
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