Indian Currency: Can a common man buy paper for making notes of Rs 100-200 and Rs 500, is any license required for this also?


All the countries in the world have their own currency. Every country has its own strict rules and regulations regarding these currencies. But many times you must have heard on social media and elsewhere that not everyone can print notes? The answer is no. Because printing currency notes of any country is legally wrong and is considered fraud. But today we will tell you who can buy the special paper from which notes are made.

Indian Currency 

Let us tell you that in India today Notes ranging from Rs 1 to Rs 2000 are available in the market. If you look carefully, the papers of all these notes are different. Although earlier Indian currency was also printed from outside, but now Indian currency is printed in India only. According to the information, when Indian currency started being printed in India, its paper also came from outside. But now both the paper and making of some currency are Make in India.

 Can anyone buy note paper

Let us tell you that the Indian currency The central government issues orders and licenses for printing and making notes. No person can print even a single note without government order and license. If a person does this, it is called fake currency and there is a provision for punishment in the Constitution for this. The company cannot sell the paper from which the note is made to any other person. Because when the government buys bank notes from a company, an agreement is signed. In which apart from the paper, many rules are also written in detail.    

Indian Printing Press 

Let us tell you that there are a total of four printing presses in India. These are present in Dewas, Nashik, Salboni and Mysore. Two of these printing presses come under the Finance Ministry of the Government of India. Whereas two printing presses come under the Reserve Bank of India i.e. RBI. The printing presses in Dewas and Nashik. It is under the Government of India and the printing presses of Salboni and Mysore are under Reserve Bank Note Printing Private Limited, a subsidiary of the Reserve Bank of India. The ink used for printing notes is made in Dewas, Madhya Pradesh. Apart from this, the dark ink printed on the notes. It is manufactured by Swiss company SICPA. Which is present in the state of Sikkim. 

Where does the paper come from

The paper used in Indian currency is imported from foreign countries. Which mainly includes countries like United Kingdom, Japan and Germany. In this case, according to the information given by RBI, about 80% of the paper for printing the notes is imported from abroad. So 20% of the paper is made in India only. The only paper mill in India for making paper is in Hoshangabad, Madhya Pradesh. Where stamp paper and currency notes are made.

 

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