Economy, asked by mraman23748, 3 months ago

does RBI issues 1 rupees notes and coin

Answers

Answered by kajalkaur982004

The One Rupee notes issued under the Currency Ordinance, 1940 are legal tender and included in the expression Rupee coin for all the purposes of the Reserve Bank of India Act, 1934.

Answered by sathiyasenthil121985

Answer:

While all denominations of currency notes are signed by RBI Governor, as a convention the one rupee note continued to be signed by Finance Secretary. ... The one rupee note however went out of circulation after 1994 and was treated as token currency note

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