ISSUING Of INDIAN CURRENCY

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ISSUING Of INDIAN CURRENCY: 

ISSUING O f INDIAN CURRENCY Presented By- Avi MBA 3 rd SEM

What is the Indian currency called? The Indian currency is called the Indian Rupee (INR) and the coins are called paise. One Rupee consists of 100 paise. The word Rupee came from the Sanskrit word "raupya" which means silver coin. : 

What is the Indian currency called? The Indian currency is called the Indian Rupee (INR) and the coins are called paise . One Rupee consists of 100 paise . The word Rupee came from the Sanskrit word " raupya " which means silver coin.

Where Printing of Notes and Minting of Coins > Notes are printed by Government of India at - + Nashik + Dewas + Mysore + Salboni. > Coins are minted at – + Mumbai + Kolkata + Noida + Hyderabad. : 

Where Printing of Notes and Minting of Coins > Notes are printed by Government of India at - + Nashik + Dewas + Mysore + Salboni . > Coins are minted at – + Mumbai + Kolkata + Noida + Hyderabad.

India – Country: 

India – Country

> The average life of a note in circulation varies from 1 year to 2 years. > The design, form and material of the bank notes are recommended by Central Board of Directors of RBI and approved by GOI. : 

> The average life of a note in circulation varies from 1 year to 2 years. > The design, form and material of the bank notes are recommended by Central Board of Directors of RBI and approved by GOI.

Agencies Involved: 

Agencies Involved

Why & How much to print & mint: 

Reserve Bank of India Why & How much to print & mint Demand Incremental needs Replacement needs Reserve Needs Statistical analysis and long-term forecast

Capacity of Presses & Mints: 

Capacity of Presses & Mints Total annual capacity of Presses: 18 bn Can print up to 28 bn with two shifts Total minting capacity: 4,700 mn RBI’s annual needs: Notes: about 12,000 mn pieces Coins: about 5,000 mn pieces

Central Board of Directors by the Numbers : 

Central Board of Directors by the Numbers Official Directors 1 Governor 4 Deputy Governors, at a maximum Non-Official Directors 4 directors—nominated by the Central Government to represent each local board 10 directors nominated by the Central Government with expertise in various segments of the economy 1 representative of the Central Government 6 meetings—at a minimum—each year 1 meeting—at a minimum—each quarter

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