The Finance Ministry under the Central Government has recently launched the one rupee note again. Here are a few interesting facts about it.
1. The new Re.1 note was launched by the Finance Ministry on March 6, 2014.
The launch took place at the Shrinathji temple in Nathdwara, Rajasthan. (Don’t ask us why!)
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2. The relaunched currency notes will be made up of cent percent cotton rag and will weigh 900 grams per square metre with a thickness of 110 microns.
3. It bears the signature of the Finance Secretary Rajiv Mehrishi and not the RBI Governor.
Only Re. 1 notes and coins in India are signed by the Finance Secretary as they are printed by the Central Government. All other Indian currency notes in India are printed by RBI.
4. The watermarks of the currency note include an Ashoka Pillar symbol in the window without the words ‘Satyamev Jayate’, a latent numeral at the centre and the concealed word ‘Bharat’ (in Hindi) at the right side of the note.
The colour of the note is primarily pink green on both the obverse and reverse sides, in combination with other colours.
5. A picture of the oil exploration rig of Sagar Samrat off the Mumbai coast will feature on the reverse.
This is very similar to the image that was present on the older notes of the 1980s and 1990s.
6. The notes are being printed after a gap of 20 years.
Their printing and circulation was halted in November 1994 when it started working out to be too expensive, and it was needed to free up capacity for printing notes of higher denominations.