The Reserve bank of India (R.B.I.) on Monday, June 6, clarified that there would be "no change in existing currency and banknotes." The R.B.I.'s clarification came after reports that claimed the central bank was mulling changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi.
"There are reports in certain sections of the media that the Reserve bank of India is considering changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi with that of others," the R.B.I. said in a statement.
"It may be noted that there is no such proposal in the Reserve bank," the central bank stated.
"R.B.I. clarifies No change in existing currency and banknotes," the central bank tweeted.
Specific reports suggest the finance ministry and the R.B.I. were contemplating using the faces of other prominent Indians, including Rabindranath Tagore and A.P.J. Abdul Kalam, on banknotes of certain denominations, according to PTI.