8. Systems of note issue in India
The present currency system in India is managed by RBI. Which is based on
inconvertible paper currency system. It has two aspects internal deals with the
circulation of the currency notes and external deals with the value of money.
1. Coins
2. Currency notes
3. System of notes issue
4. Expansion of Indian currency
5. External value of rupee
6. Exchange control
7. Liberalisation of exchange rate.
9. Qualities of good system of note issue
1. Simplicity
2. Economy
3. Elasticity
4. Legality
5. Convertibility
6. Stability in value of money
7. Automatic working