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Is Indian currency made in China? Government gives a befitting reply

Just a day ago, we saw both the Congress and Aam Aadmi Party criticizing the central government regarding the rumours that Indian currency is being printed in China, which would cause a major threat to security in the nation.

The news broke out after a report published in South China Morning Post claiming that China Banknote Printing and Minting Corporation has been granted the license to print Indian currency notes as well as currency notes of several other nations.

Credits: Times Of India

According to the report, a large portion of these currency notes is from other nations. So it is true to a great extent that the Chinese currency makes a small portion of the currency notes being processed inside the state-owned currency printing company which is said to be the world’s largest money printer.

However, The Ministry of Finance made a statement in which it denied all these widespread speculations and then called them fully “baseless”. It’s been confirmed that the Indian currency is being printed in India by the RBI. Their statement said, “Reports about any Chinese currency printing corporation getting any orders for printing Indian currency notes are totally baseless”.

Subash Chandra Garg, secretary, Department of Economic Affairs told news agency ANI, “Reports about any Chinese currency printing corporation getting any orders for printing Indian currency notes are totally baseless. Indian currency notes are being and will be printed only in Indian Government and RBI currency presses.”

Written by Chaithanya G

Hailing from Chennai, Chaithanya G is the Managing Director of TheYouth. He has dedicated his whole life to reading and writing.

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