Banknote: GK, Current Affairs, Questions, Trivia and News

‘Mani App’ for Visually Challenged launched by RBI

India’s central bank, Reserve Bank of India(RBI) has launched a mobile app named ‘MANI’ on Wednesday, 1st January 2019 that will help in identifying the denomination of currency notes for the visually challenged persons. MANI stands for Mobile Aided Note Identifier is available for download from Google Play Store and Apple app store- iOS operating ..

Ellora Caves motif of greenish-yellow Rs 20 denomination banknotes

The Reserve Bank of India (RBI) has recently announced that it will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi (New) Series. The new denomination has motif of Ellora Caves on the reverse that depicts the country’s cultural heritage. It also contains a portrait of Mahatma Gandhi at the centre, with micro letters ..

IIT Kharagpur devises solution to detect fake notes at Smart India Hackathon 2019

The students from IIT Kharagpur have devised unique solutions ranging from detecting counterfeit currency to nuclear radiation tracking through wearable sensors at the recently concluded nationwide competition, Smart India Hackathon 2019. They developed a code for a smartphone application to address the problem of detecting fake Indian currency. For this, the 6-member team have developed ..

IIT Ropar launchs an app ‘Roshni’ to help blind identify notes

IIT Ropar has launched an android app ‘Roshni’ to help the blind in recognizing the denomination of the currency notes, using image processing and analytics. At present, notes of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, which the blind people find it difficult to recognize due to their size and ..

Nepal Central Bank bans use of Indian Currency Notes

The Nepal Rastra Bank (NRB), the central bank of Nepal, has recently announced the ban of Indian currency notes with denominations above Rs.100. Under the new rule, Nepali citizens cannot carry these denominations to other countries except India. Similarly, Nepalis are also not allowed to bring such notes from other countries. The central bank has ..

New Rs 50 Banknotes to be introduced in Mahatma Gandhi Series

The Reserve Bank of India has announced that it will issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005. The new notes will have inset letter ‘L’, ‘R’ in both the number panels with the signature of Dr Urjit R.Patel. The year of printing ‘2016’ will be printed on the reverse of the banknote. ..

First Canadian woman on banknote

Civil rights activist Viola Desmond made history by becoming the first Canadian woman to appear on the face of a banknote when new banknotes go into circulation in 2018. She will replace Canada’s first Prime Minister, Sir John A Macdonald from the $10 bill. Desmond is a successful businesswoman and a well-known black civil rights ..

Venezuela orders 100-unit banknotes out of circulation

Venezuela’s President Nicolas Maduro has signed an emergency decree ordering the 100 bolivar bill, the country’s largest banknote, out of circulation in the next 72 hours. This move has been taken to thwart mafias from hoarding cash in Colombia. Investigations conducted by Venezuelan agencies have found that billions of bolivars, in bills of 100, were ..