A media outlet has reported a startling revelation from an RTI query, which indicates that over Rs 88,000 crore worth of Rs 500 notes are missing from the Reserve Bank of India’s reserves. According to the Free Press Journal report, activist Manoranjan Roy’s RTI revealed that the government mints in Bengaluru, Nashik, and Dewas printed 881.065 crore notes of Rs 500 denomination.
However, the RBI received only 726 crore notes, indicating a shortfall of 155.065 crore pieces. In response to a previous RTI, the RBI confirmed not receiving 210 million pieces of Rs 500 currency notes printed by the Nashik Mint between April 2015 and March 2016. The three printing presses responsible for printing currency notes in India are the Currency Note Press in Nashik, Bharatiya Reserve Bank Note Mudran (P) Limited in Bengalore, and the Bank Note Press in Dewas. The RBI has not yet officially responded to these findings. (MSN 17-06-23)