The newest currency to get a makeover is the Rs 10 note. The Reserve Bank of India (RBI) is going to issue new Rs 10 currency notes under the Mahatma Gandhi series. The notes with chocolate brown colour as the base will bear the picture of the Konark Sun Temple. The changes in design was approved last week. Changes in design in Rs 10 notes were made in 2005, according to News18.
In August 2017, the RBI had introduced new Rs 50 and Rs 100 notes under the Mahatma Gandhi series. The move to reintroduce lower denomination notes in a new design was taken to discourage counterfeit notes and a less-cash economy. From 195,000 pieces in fiscal year 2008, the number of counterfeit notes increased to 632,000 pieces in 2015-16.
The change in design in the old Rs 10 note was last made in 2005. In August last year, RBI had introduced the new Rs 200 and Rs 50 notes under the Mahatma Gandhi series.
The government had decided to reintroduce lower denomination notes in order to combat counterfeiting and promote a less-cash economy.
On 8 November 2016, the government announced demonetisation to withdraw Rs 1,000 and Rs 500 currency notes, amounting to around 86% of the currency in circulation of Rs 17.9 trillion. Since then, RBI has replaced these with the new Rs 2000 notes and redesigned Rs 500 notes.
Glagolev wanted to stay in India with refugee status. For this, he had applied for refugee status and he has appointment with the United Nations High Commissioner for Refugees (UNHCR) in New Delhi on January 8.
Last time the old Rs 10 note got revamp was in 2005.
Following the demonetisation of Rs 1,000 and Rs 500 notes November 2016, the central bank had introduced Rs 2,000 notes and new Rs 500 notes.
In August last year, the RBI also launched the Rs 200 note with an aim to make it easier for the common man to transact in lower denomination currencies. Alongside, the central bank also introduced Rs 50 note with a new look and additional security features.
Prior to the introduction on the new notes, India has currency denominations of Rs 1, 2, 5, 10, 20, 50, 100, 500 and 2000.
As such, in the lower end of the denomination series, Rs 200 had been the missing link. The Rs 200 bill bears motif of Sanchi Stupa to depict India’s cultural heritage.
The base colour of the note is bright yellow.