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Fact Check: Is RBI Introducing ₹5000 Currency Notes?
Babushahi Bureau
Chandigarh, January 3, 2025:
A viral claim suggesting that the Reserve Bank of India (RBI) is planning to introduce ₹5000 currency notes has been circulating widely on social media. However, these claims have been debunked as false.
The Rumor:
Several posts and messages shared across various platforms suggest that the RBI is preparing to issue new ₹5000 notes to add to the existing currency denominations. Accompanying these rumors are images purportedly showing the design of these notes.
The Truth:
The Reserve Bank of India has not made any official announcement regarding the introduction of ₹5000 currency notes. Additionally, the images shared on social media are either digitally edited or entirely fabricated. The central bank has not issued any notifications, press releases, or updates about such a development.
The RBI has consistently emphasized its efforts to promote a cashless economy and digital payments. The introduction of higher denomination notes such as ₹5000 would contradict its ongoing strategy to reduce reliance on cash transactions.
The rumors about the introduction of ₹5000 notes are baseless and misleading. Citizens are advised to rely only on official RBI statements or reputable news sources for information related to currency or financial policies.
This serves as a reminder to always verify information before sharing it to avoid spreading misinformation.