The Government of India manufactures many varieties of currency. It starts from a 1 rupee note; coins of 1, 2, 5, 10, and 20 rupees are printed by the government. The government also spends crores of rupees on printing currency. In such a situation, there are many coins the government spends more on printing than their actual value, like the one rupee coin. It costs the government more than its actual value of one rupee to print a one rupee coin. So let us know how much it costs to manufacture a one-rupee coin.
Who Prints Currency?
Let us tell you that the government prints some notes and coins in Indian currency, while the Reserve Bank of India prints some notes. The government prints one rupee note and all coins, while the Reserve Bank of India prints notes ranging from Rs 2 to Rs 500. Earlier, RBI used to print Rs 2000 notes, but now RBI has decided to withdraw Rs 2000 notes.
How Much Do The Coins Cost?
If we talk about the cost of manufacturing coins, the government incurs different prices for each coin. For example, a one rupee coin costs Rs 1.11. At the same time, a Rs 2 coin costs Rs 1.28, a Rs 5 coin costs Rs 3.69, and a Rs 10 coin costs Rs 5.54. Let us tell you that this cost is from 2018, when it was revealed in an RBI report.
How Much Does It Cost To Print Notes?
Talking about the printing cost of notes, it used to cost up to Rs 4 to print a Rs 2000 note, and it varies slightly by a few paise. Apart from this, 10 rupees 1000 notes cost 960, 1000 rupees 1000 notes cost 1770, 200 rupees 1000 notes cost 2370, 500 rupees 1000 notes cost 2290 rupees.
