How India decides to print currency?
How India decides to print currency? Although the RBI has the power to print Indian currency, the government still has the final say on a majority of the Reserve Bank's actions. For example, the government decides which denominations are printed and the design of the banknotes, including the security features. How does RBI print money? The RBI prints money and buys government bonds. This money ends up in the deposit account of the government with the RBI. The government then spends this money. Currently, the government has decided to deposit Rs 500 per month into the Jan Dhan bank accounts...