Who issue Currency in An Economy?
It is issued by Central bank
Who issue Currency Notes and Coins in India
We have already studied that
Coins are Issued by Govt of india
Rs 1 Currency Notes are also issued by Govt of India
All Remaining currency notes are issued by Central Bank (RBI
When RBI issues Currency Notes,is it Asset or Liability for RBI?
It is a liability for RBI
because it is signed by RBI Governor as 'I promise to pay'
Since,it is promise to pay,it is liability for RBI
When does RBI Issue Currency in India?
It issues Currency Notes
Against Govt Securities
Against gold and foreign exchange