RBI Rejected Reports Claiming Mahatma Gandhi's Image On Banknotes Will Be Replaced

On Monday, the Reserve Bank of India (RBI) stated that existing currency and banknotes will not be changed. With this, the RBI has junks media reports that the RNI is considering replacing Mahatma Gandhi's image with that of someone else on existing currency and banknotes.

On Monday, June 6, the RBI tweeted "RBI Clarifies: No change in existing Currency and Banknotes."

"There are reports in certain sections of the media that the Reserve Bank of India is considering changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi with that of others. It may be noted that there is no such proposal in the Reserve Bank," said RBI in the statement.

A recent media report first published in The New Indian Express has stated, that the RBI is considering changing the Gandhi image on Indian currency, and Nobel Laureate Rabindranath Tagore is one of the figures whose image is being evaluated for future notes. According to sources, APJ Abdul Kalam was also a candidate to succeed Gandhi.

According to the article, which was initially published in the New Indian Express, the adjustments were being implemented. "The Father of the Nation's watermark figure occupies the pride of place on all denominations of Indian currency notes. However, the Finance Ministry and the Reserve Bank of India (RBI) are also reportedly considering using the watermark figures of Tagore and Kalam on a new series of banknotes of some denominations," it said.