World Languages, asked by basantibaglary, 6 months ago

what do you mean by minimum reserve system?

Answers

Answered by twinkle8518

1

Answer:

The Minimum Reserve System is the currency issue system followed by the RBI at present. It was adopted in 1956. The Minimum Reserve System which requires the RBI to keep a minimum reserve of Rs 200 crores comprising foreign currencies, gold coin and gold bullion (minimum of Rs 115 crore in the form of gold).

Explanation:

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