who is authorized to issue currency in india
Answers
Answered by
28
Reserve bank of India is authorised to issue currency in India except 1/- rupee coin
1/- coin is issued by ministry of finance
1/- coin is issued by ministry of finance
Answered by
8
In India, the central bank i.e. the Reserve Bank (RBI) is authorized to issue currency.
Explanation:
- RBI has the authority to issue currency in India. The currency is issued in any denomination not more than Rs. 10,000.
- The government of our country, as and when needed, notifies it to the RBI and based on the gold and foreign reserves maintained by it, RBI issue the currency.
- The note bears the RBI governor's signature.
Learn more about Reserve bank of India
What are functions of RBI ?
https://brainly.in/question/37389
Principle executive power of rbi
https://brainly.in/question/2219113
Similar questions