India denies China printing currency claim amid social media row

Indian currency note printing machine bumble notification sound effect What is the cost of printing 200, 500 and 2000 rupees notes in India? RBI prints currency notes of all denomination except one rupee note. In its annual report, the Reserve Bank has stated that the cost of printing a note of 200 rupees is Rs. All the one rupee notes are printed under the supervision of the Ministry of Finance and signed by the finance secretary not by the governor of the RBI. The Finance Ministry is responsible for printing of one rupee notes and minting of coins of all denomination. [PUNIQGOOGLESNIPMIX-1

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Reacting to the report, few Opposition parties demanded a clarification from the Modi government. The government has now refuted the claims saying, "Reports about any Chinese currency printing corporation getting any orders for printing Indian currency notes are totally baseless. With major capacity enhancement in 2015, India is self-sufficient in printing all the currency requirements. The Reserve Bank of India and the Ministry of Finance follow an elaborate process to decide the volume of currency that is to be in circulation in a given financial year.

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