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why one rupee note is signed by the ministry of finance? is
governer has the right to sign this note? is there any
interference by the RBI?
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Answer Posted / hari sankar
Under the Coinage Act 2011 only the Central Govt has the authority to mint coins up to a denomination of Rs.1000.00 Sec 4 of the Act definition of coins in the Act makes it clear that Govt. of India one rupee note is included in the definition of coins. Hence one rupee notes are issued by the Govt and not by RBI and is thefore signed by the Secretary,, Ministry of Finance, Govt of India
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