After a raw of questions being raised over printing of Indian currency in China, the Central government denied all the accusations stating that “Indian currency notes are being and will be printed only in Indian government and RBI currency presses.”
The Ministry of Finance rubbished the reports claiming that a Chinese company has been given a contract to print Indian currency.
In a statement, Subash Chandra Garg, secretary under Department of Economic Affairs told that “Reports about any Chinese currency printing corporation getting any orders for printing Indian currency notes are totally baseless. Indian currency notes are being and will be printed only in Indian Government and RBI currency presses.”
The affirming statement by government officials came after a Chinese media report on Sunday August 12, had claimed that a Chinese currency printing company has won the contracts for printing Indian currency, along with several other nations.
An article published under South China Morning Post reported that ‘China is printing foreign currencies on a massive scale as Beijing seeks to increase its influence on the world economy and geopolitics.’