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Fact Check: Is RBI launching new Rs 5000 note? PIB clarifies

In a social media post, PIB has clarified that the viral message is completely fake and no such decision or announcement has been made by the RBI regarding the launch of a new Rs 5000 note.

PIB Fact-Check: A viral post claiming that the Reserve Bank of India is planning to launch a new Rs 5,000 currency note is widely being circulated on social media platforms. The Fact Check unit of the Press Information Bureau (PIB) has, however, debunked this report and called it fake. The message features an image of the Rs 5000 currency note in green colour.

In a social media post, PIB has clarified that the viral message is completely fake and no such decision or announcement has been made by the RBI. "A claim is being circulated on social media that the Reserve Bank of India will issue a new ₹5,000 note. This claim is fake. No such decision has been taken by the RBI," the X post read.

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Follow The RBI's Official Website For Finance News

Citizens are urged not to rely on social media for any authentic news and to visit the official website of the RBI for any policy and financial announcement updates. Additionally, they must verify the news before sharing or circulating it on social media platforms, as it can mislead others. Always check the central bank’s website or authorized sources for accurate information.

Who Issues Banknotes In India?

In terms of Section 22 of the Act, Reserve Bank has the sole right to issue banknotes in India.

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