Central Banking

India's central bank opens note exchange centres

INDIA - The Reserve Bank of India has opened centres for the exchange of soiled notes at its three branches in Mumbai.

These counters will be open on Sundays to meet the public's needs, Business Line India reports. Vans visiting around these areas will also exchange soiled/mutilated notes and distribute coins on the first Sunday of every month.

This is part of the RBI's 'clean notes policy'.

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