The only power of issuing paper currency is- (a) State Bank
(b) Commercial Bank
(c) Central Bank
(d)World Bank
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World bank s the only institution which is mandated to provide and issue currency paper.
This is according to monetary rules and regulations.
The paper currency should not be and must not be issued by any institution other than world bank to security reasons
The action is taken to ensure that fraud and forgery is eradicated in the field of money printing and issuance.
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Explanation:
The only power of issuing paper currency is central bank. This is an official paper of the country that is circulated for the transaction related to goods and services. The printing of the paper currency is normally regulated by the central bank or treasury, and they can keep the track on the flow of the funds in line with monetary policy.
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