Why one rupee note is signed by the ministry of finance?
Why one rupee note is signed by the ministry of finance? is governer has the right to sign this note? is there any interference by the RBI?
Prior to that all notes were issed on behalf of CROWN by Finance Ministry, the ultimate monetary authority for Indian Currency. subsequent to delegating the currency issuing function to RBI, all higher denomination notes were issed by RBI. Only as a matter of convention the one rupee note continued to be signed by Finance Secratary.Probably prior to 1949 one rupee note was the highest denomination note in circulation.
