Home Currency No new RBI norms on allowing exchange of discontinued currency: PIB fact-check unit
Currency

No new RBI norms on allowing exchange of discontinued currency: PIB fact-check unit

Share


New Delhi, April 18 (IANS) The fact-checking unit of the Press Information Bureau (PIB) has dismissed reports circulating online, which claimed that the Reserve Bank of India (RBI) has introduced new guidelines permitting the exchange of discontinued currency.


The fact-checking unit dismissed these claims as fake, clarifying that the RBI has made no such announcement.

“Some news reports claim that the Reserve Bank of India (RBI) has issued new guidelines to exchange discontinued currency notes. This claim is Fake. The RBI has made NO such announcement,” said the PIB unit in a post on X.

“The official RBI website is the only authentic source for updates on financial regulations and currency-related announcements. For accurate and verified information, users are advised to visit the official website of the Reserve Bank of India,” the post added.

It further stated that one should never forward unverified messages.

“Stay vigilant and share only information from trusted, official sources. If you encounter any suspicious message, photo, or video related to the Central Government, report it to the Press Information Bureau for verification via WhatsApp or email,” the X post mentioned.

In October last year, the unit had also clarified that reports suggesting the RBI had issued new guidelines to exchange old Rs 500 and Rs 1,000 notes are fake. These currencies were discontinued during the demonetisation exercise in November 2016, and no new exchange rules have been announced since then.

Earlier, the fact-checking unit debunked a viral video that falsely shows Finance Minister Nirmala Sitharaman endorsing a high-return investment scheme, warning citizens against falling for such misinformation.

It clarified that neither the Government of India nor Finance Minister is promoting or endorsing any such scheme, and urged people to remain cautious of misleading content circulating online.

Last month, PIB flagged a fake message circulating on social media that claims State Bank of India’s (SBI) YONO app accounts will be blocked if users do not update their Aadhaar details immediately.

—IANS

na/



Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

Cash payment rate falls below 20% for 1st time

Cash transport personnel work to distribute cash to commercial banks at the Bank of Korea’s headquarters in Seoul, Jan. 14. Joint Press Corps...

FTSE 100 edges higher as commodities rally

The FTSE 100 edged up on Friday as miners and oil stocks rallied amid rising commodity prices ahead of the US Non-Farm Payrolls....

Related Articles

Bill 4068/2020 Seeks to Eliminate Physical Currency in Brazil by 2030, Criminalize Possession Above R$ 15,500, and Eliminate R$ 50 Bills Within 1 Year

Proposal Presented in the Chamber Proposes Gradual Withdrawal of Bills, Creation of...

How to keep your money safe from AI

"AI is making fraud so convincing and so cheap to pull off...

Are Fiat Currencies Really in a Death Spiral?

The fiat currency collapse narrative is one of the most emotionally satisfying...