Putting to rest the debate on printing of one rupee notes, the Law Ministry has opined that the Government of India has all the powers to print currency notes of this denomination.

While the Reserve Bank of India (RBI) has the authority to issue bank notes of denominational values of Rs 2, Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500, Rs 1,000, Rs 5,000 and Rs 10,000, the one rupee note was printed and issued by the central government.

The Government of India also has the sole right to mint coins of all denominations.

The printing of notes in the denominations of Re 1 and Rs 2 has been discontinued as these denominations have been coinised. However, such notes issued earlier are still in circulation.