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Rs 2,000 notes printing with Patel's sign began when Rajan was Guv: Report

'First stage of printing' started on Aug 22, the first working day after Patel was named as new Guv

BS Web Team  |  New Delhi 

Urjit Patel

presses started printing the new Rs 2,000 notes with the current Governor signature when was still in office, according to a Hindustan Times report.

The government named as the successor to Rajan on August 20, 2016, and he took over from Rajan on September 4. Quoting presses, HT says the “first stage of printing process” was initiated on August 22, the first working day after the government named Patel the next central bank chief.

However, the told the parliamentary panel on finance that it got permission to print Rs 2,000 notes on June 7, 2016. The HT report based on queries also says that the presses were advised in June 2016, to initiate production of new series notes. This indicates that presses could have started printing the notes with Patel’s signature even while Rajan was in office. 

The decision to scrap old Rs 1,000 and Rs 500 was announced by Prime Minister on November 8. But the HT report says the printing process for the redesigned Rs 500 notes started only on November 23. 

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Rs 2,000 notes printing with Patel's sign began when Rajan was Guv: Report

'First stage of printing' started on Aug 22, the first working day after Patel was named as new Guv

'First stage of printing process' started on Aug 22, the first working day after Patel was named as new Guv
presses started printing the new Rs 2,000 notes with the current Governor signature when was still in office, according to a Hindustan Times report.

The government named as the successor to Rajan on August 20, 2016, and he took over from Rajan on September 4. Quoting presses, HT says the “first stage of printing process” was initiated on August 22, the first working day after the government named Patel the next central bank chief.

However, the told the parliamentary panel on finance that it got permission to print Rs 2,000 notes on June 7, 2016. The HT report based on queries also says that the presses were advised in June 2016, to initiate production of new series notes. This indicates that presses could have started printing the notes with Patel’s signature even while Rajan was in office. 

The decision to scrap old Rs 1,000 and Rs 500 was announced by Prime Minister on November 8. But the HT report says the printing process for the redesigned Rs 500 notes started only on November 23. 
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Business Standard
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Rs 2,000 notes printing with Patel's sign began when Rajan was Guv: Report

'First stage of printing' started on Aug 22, the first working day after Patel was named as new Guv

presses started printing the new Rs 2,000 notes with the current Governor signature when was still in office, according to a Hindustan Times report.

The government named as the successor to Rajan on August 20, 2016, and he took over from Rajan on September 4. Quoting presses, HT says the “first stage of printing process” was initiated on August 22, the first working day after the government named Patel the next central bank chief.

However, the told the parliamentary panel on finance that it got permission to print Rs 2,000 notes on June 7, 2016. The HT report based on queries also says that the presses were advised in June 2016, to initiate production of new series notes. This indicates that presses could have started printing the notes with Patel’s signature even while Rajan was in office. 

The decision to scrap old Rs 1,000 and Rs 500 was announced by Prime Minister on November 8. But the HT report says the printing process for the redesigned Rs 500 notes started only on November 23. 

image
Business Standard
177 22