‘Authorized foreign money’, says RBI on ‘Star’ collection banknotes. What are these? – जगत न्यूज


Debunking what it stated have been ‘discussions on some social media platforms’ concerning its ‘Star’ collection of banknotes, the Reserve Financial institution of India (RBI) on Thursday said that these are utterly legitimate, similar to some other authorized banknote.

Representational Picture

“…besides that within the quantity panel a ‘Star’ (*) image is added between the prefix and the serial quantity,” the RBI stated in its press launch.

What are RBI’s ‘Star’ collection banknotes?

Based on the central financial institution, the image to establish a banknote that’s getting used as a substitute for a ‘defectively printed’ counterpart.

(1.) Until August 2006, the RBI-issued banknotes have been serially numbered. Later, it adopted the Star numbering system to establish a banknote getting used as a substitute.

(2.) Beneath the serial quantity system, these got a particular serial quantity, and a prefix with numerals and letter(s).

(3.) Beneath the Star system, this image comes as an extra character, and is positioned within the quantity panel within the house between the prefix and the serial quantity.

(4.) Each preparations are for a packet containing 100 serially numbered banknotes.

(5.) There’s, subsequently, no distinction between the 2 units of banknotes, besides that one is used as a substitute, and comes with ‘Star’ as an extra identifier.



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