Paper I · 6 Indian Economy & Planning · 6.2.1 Money and monetary policy

6.2.1.2 Currency management: note issue, coinage, demonetisation 2016 and the digital rupee

RBI issues notes and the Government mints coins; demonetisation (2016) withdrew ₹500 and ₹1,000 notes overnight, and the digital rupee is RBI's new electronic form of legal tender.

  • APPSC Paper I · Paper I
  • Advanced level
  • 6 min read
  • Full course

Key terms

  • note issue
  • coinage
  • SPMCIL
  • BRBNMPL
  • demonetisation
  • Rs 2000 note
  • clean note policy
  • e-rupee
  • CBDC
  • e-RUPI

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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