New Delhi: After two decades, Re 1 notes are set to make a comeback.
According to a Ministry of Finance notification, the new Re 1 currency notes will have a different look - pink-green on the front and back in combination with others.
The notification said that unlike other currency notes, the Re 1 notes will be issued by the government.
While the Reserve Bank of India (RBI) has the authority to issue bank notes of denominational values of Rs 2, Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500, Rs 1,000, Rs 5,000 and Rs 10,000, the one rupee note is printed and issued by the Central government.
"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 said.
As per the norms, the currency note will be signed by the Finance Secretary and other denominations will continue to have the sings of the Governor of Reserve Bank of India.
Other currency notes have RBI printed on them.
