After a gap of over 20 years, 1 rupee note have been released in the country and it bears the signature of Rajiv Mehrishi (Finance secretary).
Incidentally, the note was released at Shrinathji temple in Nathdwara, Rajasthan by Rajiv Mehrishi.
But this is one bad news for the Black Marketers. The one rupee note which used to be sold in black will now be readily available. A bundle of the rupee one note containing 100 notes which costed 100 rupees was sold at a bewildering rate of Rs. 1000. This won’t be possible anymore as we have notes in generation and use yet again, thanks to Mr. Rajiv.
The re-launched one rupee notes are made up of 100% cotton rag content and weigh 90 grams per square metre. As watermarks, it will bear Ashoka Pillar Symbol in the window without words “Satyamev Jayate”, carry a hidden numeral in the centre while hidden word Bharat(in Hindi) will be on the right side of the note.
The note is predominantly pink green on obverse and reverse in combination with others. The printing of the 1 rupee notes was stopped in November 1994 mainly due to higher costs and to free capacity to print notes of higher denominations.
Black marketers won’t be able to make Black money with currency notes with such a step.
Similarly even 2 rupee notes had gone extinct and is black marketed, they too should be re launched.
A lot of times even fresh currency notes are Black Marketed. Inspite of State Bank orders, people who are not able to get fresh currency notes resorts to the black marketers especially during festivals. Even the not so easily available foreign Currencies are black marketed.
Strict steps are needed to be taken ahead to stop the same and the black marketers should be provided with a better method to earn money. Stopping criminals won’t help, stopping crime would.