paper required for printing indian currency notes is manufactured in which city
Security Printing & Minting Corporation of India Limited Security Paper Mill was established in 1968 at Hoshangabad, Madhya Pradesh. It produces papers for banknotes and nonâ€“judicial stamps and further prints with new enhanced unit.[9] Bank note paper mill India private limited prints paper for Indian currency and located in mysore.
2016 Indian banknote demonetisation On 8 November 2016, the Government of India announced the demonetisation, commonly called notebandi, of all ₹500 (US$7.80) and ₹1,000 (US$16) banknotes of the Mahatma Gandhi Series.[2] The government claimed that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism.[3][4] The sudden nature of the announcement—and the prolonged cash shortages in the weeks that followed—created significant disruption throughout the economy, threatening economic output.[5][6]