A sudden hustle is created in the market after the new currency picture got viraled and this time it is Rs. 50 notes. The new Rs. 50 denomination notes are making way after people got caught into the rumours of Rs. 200 notes. Last year the government banned Rs. 500 & Rs. 1000 old currency and now they have come up with the idea of releasing Rs 50 notes.
In July 2017, Rumours came up that reserve bank has passed the bill regarding the printing of Rs. 200 notes and that the currency will be coming to the market by August end or September. The reason why government is willing to do every possible way of changing the currency is to stop the illegal practises in the country.
“Black money is a serious issue which needs to get tackled by the time it eats up the economy” said one of the sources.
This same reason led to the successful implementation of demonetisation and hopefully this step will further help the country in having lower denomination notes for which there is a urgent requirement after the demonetisation took place in November, 2016.
On coming to the Rs 50 rupees, The currency’s snap got leaked on social media. To make these scandals legit, Nothing has been said or validated on the government’s part. If we go by the pictures which seems to be promising then the note somewhat resembles to the earlier released 500 notes. The note is pale turquoise in colour with motif of Hampi with chariot displaying the country’s rich cultural heritage.
Read More: 200 Rupee Notes Soon to Hit Market
As shown in the pictures, it is duly signed by Urjit Patel, Our new RBI Governor.
NOTABLE FEATURES of the promising Rs. 50 notes are as follows :-
- The note has got windowed devitalised security thread.
- It will be having denominational numeral written in dev nagari on the top right corner which was earlier missing on the note.
- Electrotype (50) watermarks are added to the note.
- Swachh Bharat logo with the slogan is another add on to the new currency.
- According to the sources, One thing is already clarified on RBI’s part and it is that the old Rs. 50 note will be considered as a legal currency even after the circulation of new notes. So now nobody has to deal with the long queue which acted as a nightmare for the common man in 2016 at the time of demonetisation.