Why does the color, size of the notes change constantly?
The Bombay High Court has raised the question directly with the Reserve Bank about ‘what the central government did with the closing of old notes, how often the currency notes are changed, the size of the shape changed’.
M Ta Representatives, Mumbai: The Bombay High Court has raised the question directly with the Reserve Bank about ‘what the central government did with closing old notes, how often the currency notes are changed, the size of the shape changed’. The National Association for the Blind (NAB) has filed a public interest petition in the High Court regarding the currency notes. The Chief Justice took that matter. Pradeep Nandrajog, justice. Bharati Dangare’s bench brought new notes in currency
It was claimed that Rs 2,000 crore would be deposited with the Reserve Bank after the central government implemented the decision on notarization. The bench, however, raised the issue of what was done with the decision to ban old notes. The Reserve Bank has the right to create currency, which is why they are constantly changing the currency, the decision is suddenly taken by someone else to the new currency. The bench also questioned whether there are any logical reasons behind it, whether the currency will be resized in the future.
Confusion with resizing
The High Court, however, expressed its displeasure at the Reserve Bank’s failure to provide details on the reasons for changing the currency size. Blind people find it easy to identify currency from the shape of the notes. But the high court has argued that changing the size of the notes is confusing. The bench also asked the RBI to provide details on the note identifying the app in the next hearing.