/>

The colour of money: from press to rails

Updated - December 02, 2016 03:39 pm IST - MYSURU:

The facility in Mysuru that prints the new Rs. 2,000 notes is drawing a lot of public attention. What has aroused people’s curiosity is how the high value notes are being transported.

The secrecy surrounding the transportation has led to speculation that the notes are being airlifted. Mysuru Airport Director Manoj Kumar Singh, however, denied having any knowledge about special flights for the RBI.

Officials say currency chests are normally transported by train to the rest of country. In fact, the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has a railway line linked to the Mysuru city railway station. President of the BRBNMPL Employees Union S.A. Ramdas, a former Minister and BJP leader, said the printing of the new currency began about two months ago. Sources said there was a perceptible increase in the loading by BRBNMPL from August-September.

Tight security was provided to the treasury vans by Central Industrial Security Force personnel, in accordance with the norms and the vans were attached to passenger express trains bound for various destinations.

Meanwhile, it has now emerged that the new Rs 500 notes were printed at the Currency Note Press in Nashik, Maharashtra, and Bank Note Press in Dewas, Madhya Pradesh.

The new notes have reportedly been despatched from the Nashik press to different banks in the country.

While the Mysuru press employees were aware of the new Rs 2,000 notes, they had no inkling that the old Rs. 500 and Rs. 1,000 notes were about to be withdrawn, Mr. Ramdas said.

The BRBNMPL reportedly held talks with the employees union a little over two months ago to discuss issues relating to payment of overtime wages and stepping up production to meet targets.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.