Government denies banknotes printed in China, but protests fill social media

“If true, this has disturbing national security implications”, MP wrote on twitter. Many want the government to clarify the matter, worried that financial sovereignty is shared with China, with which India almost clashed over the Doklam plateau.


Delhi (AsiaNews/Agencies) – There is concern and anger in the posts on social media after news agencies reported yesterday that India is one of many countries whose banknotes are printed in China.

The Indian government has denied the claim saying it is "baseless". "Indian currency notes are being and will be printed only in Indian government and the Reserve Bank of India (RBI) currency presses," an official with the Department of Economic Affairs told agencies.

The news report gained traction on social media, causing the hashtag #ChinaPrintingRupee to briefly trend worldwide.

Many users want an explanation, worried that the country's financial sovereignty was shared with China, a country with which India almost clashed over the Doklam plateau, in Bhutan.

MP Shashi Tharoor was among those who demanded a clarification from the Indian government. "If true, this has disturbing national security implications”, he wrote on twitter.

A spokesman for the Delhi state government warned that the move would endanger India's "financial sovereignty".