Bhubaneswar: The Reserve Bank of India (RBI) will soon release new Rs 10 notes under the Mahatma Gandhi series featuring Sun Temple in Konark in Odisha.
According to several media reports, the RBI has already printed 1 billion pieces of the brown chocolate colour Rs 10 notes carrying the picture of the Odisha’s architectural marvel.
The reports further added that the design for the new notes was approved by the Central government last week.
However, there was no official confirmation of this news. There has been no notification issued from the RBI yet.
The change in design in the old Rs 10 note was last made in 2005. In August last year, RBI had introduced the new Rs 200 and Rs 50 notes under the Mahatma Gandhi series.
The government had decided to reintroduce lower denomination notes in order to combat counterfeiting and promote a less-cash economy.
On 8 November 2016, the government announced demonetisation to withdraw Rs 1,000 and Rs 500 currency notes, amounting to around 86% of the currency in circulation of Rs 17.9 trillion. Since then, RBI has replaced these with the new Rs 2000 notes and redesigned Rs 500 notes.