One rupee currency notes are set to make a comeback after two decades,
although in a different colour
News Courtesy : The Times of India dated
27th December, 2014)
NEW DELHI: One rupee currency notes
are set to make a comeback after two decades, although in a different colour.
Instead of the familiar indigo, the new Re 1 notes will be predominantly
pink-green on the front and back in combination with others, a finance ministry
notification said. Unlike other currency notes, the Re 1 notes will be issued
by the government. As was the norm earlier, the currency note will be signed by
the finance secretary, while the Reserve Bank of India governor will continue
to sign notes of all other denominations.
"It contains the words 'Bharat Sarkar' above the words 'Government of
India' with the year 2015 on the representation of the Re 1 coin with the rupee
symbol having floral design and the surrounding design consists of picture of
'Sagar Samrat', the oil exploration platform and with the authentic rendering
of value in fifteen Indian languages in language panel with the year figure
shown on the centre bottom in international number," the notification
Other currency notes have RBI
printed on them.
Over the last few years, the government and the RBI have focused on coins for
smaller denominations and discontinued Re 1 and Rs 2 notes citing the high cost
involved and the clogging of presses. But the decision to go back to Re 1 notes
came as a surprise.
The 1935 Rupee One is the only note with Serial Number on the reverse.