Economy, asked by Prerakjain, 1 year ago

which of the system is followed by RBI for issuing currency

Answers

Answered by Piyush891
3
In India, currencies are issued by the RBI with the backing of reserves comprised of gold and foreign exchange (foreign currencies). For the issue of currencies, the RBI follows Minimum Reserve System at present. The Minimum Reserve System (MRS) is followed from 1956 onwards.
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