How money is printed in India......???
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Answers
Answer:
rbi has the power to print indian currency. Government decides which denominations are printed and the design of the bank notes including security features
Answer:
the money in India is printed in Nagpur.
Explanation:
The Reserve Bank of India (RBI), manages currency in India. The bank's additional responsibilities include regulating the country's credit systems and using monetary policy to establish financial stability in India. The institution is headquartered in Mumbai, India. Before 1934, the government of India had the responsibility of printing money. However, RBI was granted its role in currency management on the basis of the Reserve Bank of India Act in 1934. Specifically, Section 22 of the RBI Act gives the bank the authority to issue currency notes. The Reserve Bank of India has printing facilities in Dewas, Mysore and Salboni.
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