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RBI Eases Rules on Pencil-Marked Banknotes
Original: NEW BANKNOTE GUIDELINES: RBI EASES RULE ON PENCIL-MARKED NOTES
India's central bank, the Reserve Bank of India, has issued new guidelines softening its rules on banknotes bearing pencil markings, meaning such notes will no longer be as readily rejected in transactions. The move is being discussed as a relief for banks, cashiers and the public who frequently handle marked currency.
Why now: The Reserve Bank of India's new directive on accepting pencil-marked notes directly affects everyday cash handling, drawing wide public attention.
Reserve Bank of IndiaIndian rupee banknotes
Evidence
- NEW BANKNOTE GUIDELINES: RBI EASES RULE ON PENCIL-MARKED NOTES · Global Window · 45.1K
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