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RBI calls reports of missing banknotes incorrect

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The Reserve Bank of India has come across reports circulating in certain sections of the media alleging missing of banknotes printed by banknote printing presses. The RBI emphasises that these reports are not correct.

These reports are based on erroneous interpretation of information collected under the Right to Information Act, 2005 from the printing presses. As informed by RBI, it may be noted that all banknotes supplied from printing presses to RBI are properly accounted for.

It has further informed that there are robust systems in place for the reconciliation of banknotes printed at the presses and supplied to RBI which include protocols to monitor the production, storage and distribution of banknotes.

The Reserve Bank of India has requested the public to rely on the information published by RBI from time to time in such matters.

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