Currency Note Press to double production of Rs 500 notes

NASHIK

: The

Currency Note Press

(CNP) has decided to increase production of new Rs 500 notes from 3.5 million pieces a day to 8 million pieces per day from next week.

The CNP has dispatched 227.5 million currency notes in the denominations of Rs 500, Rs 100 and Rs 20 to RBI during November 11 to November 24. It has also sent 12 million notes by air to Chennai on Thursday.

The CNP Nashik is one of the nine units of the Security Printing and Minting Corporation of India Ltd (

SPMCIL

). It prints currency notes with all denominations except the new Rs 2,000 note. It has already increased production of notes of all denominations by 35% - from around 16 million pieces per day to 22 million pieces per day.

Sources from the CNP said, “There has been huge demand for new notes of Rs 500 denomination. The SPMCIL chairman and MD

Praveen Gerg

visited CNP Nashik on Wednesday and directed us to double printing of Rs 500 notes.”

Workers put in all efforts
The workers of the CNP Nashik are making all efforts to print maximum number of currency notes. They are even working on Sundays without expecting any benefits. The CNP Nashik, which has 1,700 workers, is currently functioning round the clock.

Jagdish Godse, secretary, CNP-ISP Workers Union, said, “We are working in two shifts, each shift of 10 to 11 hours, while maintenance works are being carried out in the remaining hours. Our objective is print maximum notes for the sake of the nation.”

Godse said, “The CNP comes under essential services and employees are working on weekly holidays too without any additional pay. There is no regret, the aim is to print maximum number of notes.”

"We only want modernisation of the press with installation of advanced technologies. On Wednesday, we urged Gerg to modernise the press and also increase the printing capacity.”