New notes of the denomination of Rs 10 will soon be rolled out in India, and they will have chocolate brown colour as the base! The notes will also bear an image of the Konark Sun Temple.
This design was approved by the government last week, and the Reserve Bank of India (RBI) has already printed around 1 billion pieces of this new note, according to News 18.
In November 2016, the government had demonetised the old Rs 500 and Rs 1000 notes, which amounted to roughly 86% of the currency in circulation of Rs 17.9 trillion.
The Rs 1000 notes were replaced by Rs 2000 notes, while a new Rs 500 note was issued.
The move to reintroduce lower denomination notes in a new design comes after the government’s move to rework the currency mix to combat counterfeiting and promote a less-cash economy.
In August 2017, the RBI had introduced new notes of denominations of Rs 200 and Rs 50. The Rs 200 notes have a yellow base, and the Rs 50 notes carry a sky blue colour. The Rs 200 note bears the image of Sanchi Stupa, a Buddhist architectural structure and the Rs 50 note has an image of a chariot stand in Hampi.
Some salient features of the newly issued notes include the denominational number in Devnagiri, colour changing window security threads and a colour changing denominational numeral, with a rupee symbol on the bottom right.