Sources allege that some dishonest officials at certain banks are diverting these new notes to the open market for profit instead of distributing them to regular customers ...

The exchange of soiled, mutilated and imperfect notes are governed by Reserve Bank of India (Note Refund) Rules, a part of Section 28 of the RBI Act, which only specifies currency notes of Rs 5 ...

Mario Van Poppel, from online money exchange specialist Leftover Currency, said ... Others will have inadvertently torn notes ...

Image Crowds lining up to exchange discontinued currency notes outside a post office in Ahmedabad, India, in 2016.Credit...Sam Panthaky/Agence France-Presse — Getty Images So far, the move to ...

The designs were shortlisted from a variety of submissions made by citizens Some of the new currency notes designs selected by the State Bank of Pakistan Karachi: The State Bank of Pakistan (SBP ...

MUMBAI, Sept 30 (Reuters) - The Reserve Bank of India (RBI) said on Saturday it would extend its deadline to return the country's highest denomination 2,000-rupee ($24) currency notes by a week to ...

India has abolished its big currency notes to make way for new and visually more appealing currency notes. This is what they look like now. SEE ALSO: India scraps Rs 500, Rs 1,000 notes overnight ...

According to the SBP, writing on notes diminishes their beauty and affects the quality of the currency. The new regulation will come into effect on July 1, 2025, marking the start of the financial ...

FREETOWN, July 1 (Reuters) - Sierra Leone will launch a re-denominated currency on Friday, knocking three zeros off bank notes but keeping their value unchanged, the central bank said. Financial ...

Although the total number of Fake Indian Currency Notes (FICNs) detected in the banking sector declined to 2,25,769 pieces in 2022-23 from 2,30,971 pieces in the previous fiscal year.