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Home / Headlines / 'Erroneous interpretation': RBI rejects report on disappearance of Rs 500 notes worth crores

The Reserve Bank of India (RBI) on Saturday dismissed a report claiming the “mysterious disappearance of Rs 500 notes worth Rs 88,032.5 crore”.

According to the report, a reply under Right to Information (RTI) revealed that 375.450 million pieces of Rs 500 notes with a new design were printed by Nasik’s Currency Note Press.

However, the report claimed that the RBI record showed only 345.000 million printed pieces were received by the central bank between April 2015 and December 2016.