Man Says Rs.88,032.5 Cr of Rs.500 Missing From RBI
Is ?88,032.50 crores missing from the RBI? Watch our video for all the information.
In a huge revelation, a person has revealed that the 500 rupees notes worth ?88,032.5 crores are missing. Shocking! The data was revealed in the Right to Information Act (RTI) which Activist Manoranjan Roy filed.
Roy said that India has three units where currency notes are printed - Bharatiya Reserve Bank Note Mudran (P) Limited in Bengaluru, Currency Note Press in Nashik, and Bank Note Press, Dewas in Madhya Pradesh. In 2016-2017 the total of the supplied notes from the three mints came to 8,810.65 million pieces. However, the RBI has received only 7260 million pieces of the ?500 notes. These 500 rupees notes were worth ?88,032.5 crores are missing. As per the RTI, these notes were supplied to the RBI when Raghuram Rajan was the governor.
Roy also reported wrote to the Central Economic Intelligence Bureau (CEIB) and the ED in order to investigate this discrepancy. "These reports are based on erroneous interpretations of information collected under the Right to Information Act, 2005 from the printing presses. It may be noted that all banknotes supplied from printing presses to RBI are properly accounted for. It is further informed that there are robust systems in place for reconciliation of banknotes printed at the presses and supplied to RBI which include protocols to monitor the production, storage, and distribution of banknotes. Members of the public are, therefore, requested to rely on the information published by RBI from time to time in such matters,"
