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On which basis rbi issue money??

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On which basis rbi issue money??

Posted by Dev Nigam 4 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Dolly ?️ 4 years, 10 months ago

Minimum reserve policy

Sia ? 4 years, 10 months ago

RBI was granted its role in currency management on the basis of the Reserve Bank of India Act in 1934. Specifically, Section 22 of the RBI Act gives the bank the authority to issue currency notes. The Reserve Bank of India has printing facilities in Dewas, Mysore and Salboni.

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