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Showing posts from February, 2020

Bangalore Coin Exhibition 2020 by Falcon Coins Gallery

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Falcon Coins Gallery proudly announces its inaugural Bangalore Coin Exhibition on 3rd, 4th, and 5th July 2020 at Shikshak Sadan, K.G. Road, Near Mysore Bank, Majestic, Bangalore - 560002. This event provides an opportunity to Buy, Sell, and Exchange Old Coins, Banknotes, and Medals. Attendees can interact with numerous dealers participating from across the nation. Falcon Coins Gallery is a Private Limited Company with a two-floor showroom located opposite the Majestic Bus Terminal in Bangalore. They serve a diverse clientele, including walk-in customers, collector enthusiasts, and members of the Numismatic Society. Their extensive collections cover a wide range of dynasties, featuring items dating as far back as 600 B.C. In addition to showcasing and selling coins and currencies, they offer assistance to collectors in organizing their collections thematically. Moreover, they provide accessories for coins and currencies under a distinct brand known as Moneytree Accessories.

Is the Rs 2000 Banknote Being Phased Out or Banned?

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Recently, there have been reports and rumors circulating about the potential demonetization or banning of the Rs 2,000 high-denomination banknote.  The Reserve Bank of India (RBI) has ceased printing Rs 2,000 banknotes and is gradually withdrawing them from circulation. Consequently, once deposited into banks, the Rs 2,000 banknotes are expected to have limited circulation, particularly in ATMs. Although the highest-value currency remains legal tender, it is anticipated to be phased out gradually. Banks are in the process of re-calibrating ATMs to substitute high-value Rs 2,000 notes with Rs 500 notes. While there is no official confirmation from the Reserve Bank of India (RBI) or other authorities, this adjustment is speculated to be part of the central bank's strategy to monitor the total amount of high-value currency in circulation. Contrary to WhatsApp messages and certain YouTube channels spreading rumors, the government has officially clarified that no such move is being cons...

Museum of Indian Paper Money is open for General Public Now!

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The long-awaited moment has arrived! The highly anticipated Indian Paper Money Museum, Rezwan Razack's Museum of Indian Paper Money, celebrated its grand and spectacular inauguration on February 15, 2020. As of February 17, 2020, the museum is officially open to the general public. While there are other Numismatics Museums, experiencing this museum is a must to truly appreciate its uniqueness. A dedicated team has crafted what stands out as the BEST private numismatic museum in India. Come, visit, explore, and enjoy the visual treat of Mr. Razack's finest and rarest Indian banknotes on display. Address:   Rezwan Razack Museum of Indian Paper Money Prestige Falcon Towers, 19 Brunton Road Near M G Road, Bangalore 560025 The museum is open every Saturday and Sunday, closed on Mondays, and all public holidays. Please be aware of a nominal entrance fee of ₹100.

New One Rupee Currency Notes 2020 Coming Soon

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Although one rupee notes were reintroduced in 2015 and printed in 2015, 2016, 2017, and 2018, the Government of India is set to release new one rupee denomination currency notes in 2020, featuring some changes. Unlike other denominations, the one rupee notes will be printed by the Ministry of Finance, deviating from the usual practice where the Reserve Bank of India (RBI) prints other denominations. The obverse side of the one rupee note will feature the words “भारत सरकार‟ above "Government of India," along with the bilingual signature of Shri Atanu Chakraborty, Secretary, Ministry of Finance. Additionally, it will include a replica of the New Rupee One coin with the '₹' symbol of 2020, issued with ‘सत्यमेव जयते‟ and a capital inset letter ‘L’ in the numbering panel. As per the notification, the numbering will be in black at the bottom right portion of the note, in ascending size of numerals from left to right, with the first three alphanumeric characters (prefix) re...