Economy, asked by Shivam5846, 1 year ago

Why 1 rupee note and coins are issuedby finance secretary and not by rbi?

Answers

Answered by vasanthij97

RBI as per section 24 of the RBI Act, 1934, is not empowered to issue bank note of denomination one rupee. Further, apart from metal, the coin may be made of any other metal too. Hence, one rupee note is actually a coin and coins don't have signature if finance minister.

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