RBI Assures Accurate Accounting and Systems in Place Amid Media Reports on Missing Banknotes
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- By Chetan Kulasri
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- Last Updated on 20 June, 2023
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Press Release: 2023-2024/428, Dated 17.06.2023
RBI came across reports circulating in certain sections of the media alleging missing banknotes printed by banknote printing presses. The RBI emphasizes that these reports are not correct and are based on an erroneous interpretation of information collected under the Right to Information Act, 2005.
The RBI has clarified that all banknotes supplied from the printing presses to the RBI are duly accounted for. Further, strong processes are in place for the reconciliation of banknotes printed at the presses and their subsequent supply to RBI which include protocols to monitor production, storage and distribution of banknotes.
Also, members of the public are requested to rely on the information published by the RBI from time to time on such matters.
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