Sunday, November 13, 2016

A Look Back to 1978 When Currency Notes Were Last Scrapped

It was on 16 January 1978 that the country was told that the Janata Party coalition, which had assumed office a year earlier, has decided to scrap Rs 1,000, Rs 5,000 and Rs 10,000 notes.
The Reserve Bank of India’s (RBI) history (third volume) details how things happened.



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