TIDBITS

Army to help RBI shred old demonetized currency notes

By IndianMandarins- 23 May 2017
940

army-to-help-rbi-shred-old-demonetized-currency-notesOver 500 soldiers will this week provide security and vigilance at RBI and other offices at 17 locations with currency verification and processing system (CVPS) machines. "The Army has been requisitioned under the mandate of aid to civil authorities, to basically cater for the effect of demonetization and the double-shifts being done for currency verification," said a source. The move comes at a time when the Reserve Bank of India is undertaking the shredding of the Rs 1,000 and the old Rs 500 notes at its different offices. It may be noted that the government had earlier requisitioned the help of the Army and the IAF during the printing of new currency notes and their airlift and distribution to different parts of the country after demonetization.

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