RBI showed its secret treasure for the first time, every brick here is worth crores of rupees

Fortune Bath

2 weeks ago

RBI showed its secret treasure for the first time, every brick here is worth crores of rupees

RBi gold vault- RBI has released a documentary titled ‘RBI Unlocked: Beyond the Rupee’ with Jio Hotstar to bring its functioning and roles to the public. RBI’s gold vaults have been shown for the first time in this.

Like every household in the country, the Reserve Bank of India (RBI) also understands the importance of gold very well. This is the reason that after learning from the economic crisis of 1991, it has now increased its gold reserves many times. Currently, India’s gold reserves are 870 tonnes. The central bank has shown its ‘gold vault’ for the first time. A five-part documentary titled ‘RBI Unlocked: Beyond the Rupee’ has given a glimpse of the secret treasure of RBI. This documentary has been launched in collaboration with Jio Hotstar. The special thing is that the central bank keeps gold in the form of bricks at various places. The weight of a brick of gold kept in the gold reserves of RBI is 12.5 kg.

RBI has released this to bring its work and role in front of the people. It has also been told that India is one of the largest producers of currency notes in the world. While it is about 5,000 crore units in America, 2,900 crore units in Europe, it is 13,000 crore units in India.

Very few people have access to gold vaults

According to the information given in the documentary, “The central bank has increased the gold reserves many times after the economic crisis of 1991 and as the custodian of the gold reserves in the country, about 870 tonnes of gold is kept in very safe places. Very few people have access to gold vaults. Central bank officials say, “Gold is not just a metal but the strength of the country. Countries will keep on forming and deteriorating. There will be ups and downs in the economy but gold will always maintain its value.” According to RBI data, the value of gold reserves fell by $ 573 million to $ 85.74 billion in the week ending June 20. At the same time, foreign exchange reserves fell by $ 1.01 billion to $ 697.93 billion during this period.

Currency notes are completely Made in India

According to the information given in the documentary, “Today, everything from machines to ink used in printing currency notes is manufactured in India itself.” It is worth mentioning that earlier, notes were printed on imported paper. This paper was made by only a few companies of the world, due to which these companies dominated the market and due to this, there was always a possibility of fake notes coming into the market.

Former RBI deputy governor Usha Thorat says, “We had to import paper for currency notes. Notes were printed from imported paper in Nasik and Dewas. Only a few units manufactured this paper… In 2010, it was found that many fake notes were of good quality and looked exactly like the notes printed here.”

Set up own factories

In view of this situation, RBI set up factories in Dewas (Madhya Pradesh), Salboni (West Bengal), Nasik (Maharashtra) and Mysore (Karnataka) to make paper for its currency. Whatever paper is being used in currency today, it is being manufactured in India itself. At present, apart from the paper used in currency notes, all things including printing, ink are being taken from domestic sources, which is a good example of ‘Make in India’.

According to the central bank, “Bank notes have more than 50 security features. Of these, security thread, latent image etc. are known to the people but many security features are hidden, which can be seen only through specialized equipment.