Fact-Check: No, RBI Has Not Announced the Release of Rs 5000 Banknotes
An image which shows a Rs 5000 note is being circulated on social media platforms with the claim that the Reserve Bank of India (RBI) will soon be releasing the said denomination.
An archive of the post can be found here. (Source: Facebook/Screenshot)
What's the truth?: There is no evidence to prove that the RBI is releasing the series of Rs 5000 notes.
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Moreover, the fact-checking wing of the Press Information Bureau (PIB) clarified that the viral claim is false and no such announcement has been made.
No information on RBI's official website: On going through the official website of the RBI, we did not find any press release announcing the release of any new denomination.
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However, in a recent press release, the country's central bank published the status of withdrawal of Rs 2000 banknotes.
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The release dated 1 January said that about 98.12 percent of the said banknotes in the circulation as on 19 May 2023 has been returned.
The press release was shared on 1 January. (Source: RBI/Screenshot)
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The Frequently Asked Questions (FAQs) section clearly stated that banknotes are being issued in the denomination of Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500, and Rs 2000.
The FAQ section did not mention anything about Rs 5000 notes. (Source: RBI/Screenshot)
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We further found images of the set of banknotes that are currently issued by the RBI. This, too, did not carry a picture of the Rs 5000 note.
The image shows the list of notes issued by the RBI. (Source: RBI/Screenshot)
No credible news reports: Team WebQoof did not find any credible news reports or information available in the public domain to claim that such an announcement has been made by the RBI.
PIB's fact-checking wing clarifies: The official X handle of the PIB's fact-checking wing dismissed the viral claim and called it "fake".
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The post was shared on 4 January and further said that no such decision has been taken by the RBI.
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This corroborated our findings and made it clear that the claim of Rs 5000 banknotes being issued is false.
सतर्क रहें ⚠️
— PIB Fact Check (@PIBFactCheck) January 4, 2025
सोशल मीडिया पर दावा किया जा रहा है कि भारतीय रिजर्व बैंक द्वारा ₹5000 के नए नोट जारी किए जाएंगे#PIBFactCheck
✅ यह दावा फर्जी है
✅ @RBI द्वारा ऐसा कोई निर्णय नहीं लिया गया है
✅ आधिकारिक वित्तीय जानकारी हेतु वेबसाइट https://t.co/WejSLtVo5O पर विजिट करें pic.twitter.com/CWTBocG62m
Conclusion: It is evident that the RBI has not announced the release of Rs 5000 banknotes.
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PM Modi arrives Oman, exchanges perspectives with Deputy PM on bilateral ties
Muscat (PTI): Prime Minister Narendra Modi on Wednesday interacted with Oman's Deputy Prime Minister for Defence Affairs Sayyid Shihab bin Tariq Al Said and exchanged perspectives on friendship between the two countries.
Modi, who arrived here on a two-day visit during which he will hold talks with the Gulf nation's top leadership and is expected to sign an ambitious trade deal, said his trip offers an opportunity to explore new avenues of collaboration and add fresh momentum to the bilateral partnership.
He was warmly welcomed by Sayyid Shihab at the airport and was accorded a ceremonial welcome.
"Landed in Muscat, Oman. This is a land of enduring friendship and deep historical connections with India. This visit offers an opportunity to explore new avenues of collaboration and add fresh momentum to our partnership," Modi said in a social media post.
Modi is visiting Oman at the invitation of Sultan Haitham bin Tarik. This is his second visit to the Gulf nation.
"Extremely grateful to HH Sayyid Shihab bin Tariq Al Said, Oman’s Deputy Prime Minister for Defence Affairs, for the warm welcome at Muscat airport. We also had a great interaction, exchanging perspectives on India-Oman friendship," Modi said.
Modi's visit is of special significance as it marks the 70th anniversary of the establishment of diplomatic relations between the two countries.
The Prime Minister arrived here on the last leg of his three-nation tour. He earlier visited Ethiopia and Jordan.
When Modi arrived at the hotel, he was welcomed by the Indian community members. Local artists presented a traditional Omani performance. Indian artists presented colourful cultural performances, including Rajasthan's Ghoomar, Gujarati song, classical dance and Karnataka's folk dance.
He also witnessed an exhibition depicting 70 years of India-Oman diplomatic relations presented by diaspora at the hotel.
India has said that it is "very optimistic" about finalising an ambitious trade deal with Oman during the visit.
The free trade agreement between India and Oman was approved by the Union Cabinet last Friday.
Talks for the agreement, officially termed as CEPA (Comprehensive Economic Partnership Agreement), formally began in November 2023, and the negotiations concluded this year.
"We are all very optimistic about it. The teams from both sides have been working very hard for its early finalisation," Arun Chatterjee, a secretary in the Ministry of External Affairs (MEA), had said at a media briefing when asked whether the proposed India-Oman comprehensive economic partnership agreement will be inked during Modi's visit.
"We have immense faith that this agreement, if signed during this visit, will significantly deepen the economic ties between India and Oman. And it will open up a new chapter in the history of India-Oman trade and commercial relationship," he said.
During the visit, Modi will also hold discussions with Sultan Tarik on strengthening the Strategic Partnership as well as a strong commercial and economic relationship.
Modi is also scheduled to address a gathering of the Indian diaspora here.
"This visit will be an opportunity for both sides to comprehensively review the bilateral partnership, including in the areas of trade, investment, energy, defence, security, technology, agriculture and culture, as well as exchange views on regional and global issues of mutual interest," the MEA said in an earlier statement.
Oman is the third-largest export destination for India among the Gulf Cooperation Council (GCC) countries. India already has a similar agreement with another GCC member, the UAE, which came into effect in May 2022.
India-Oman bilateral trade was about USD 10.5 billion (exports USD 4 billion and imports USD 6.54 billion) in 2024-25. India's key imports are petroleum products and urea. These account for over 70 per cent of imports. Other key products are propylene and ethylene polymers, pet coke, gypsum, chemicals, iron and steel, and unwrought aluminium.
The main items of India's exports to Oman include mineral fuels, chemicals, precious metals, iron and steel, cereals, ships, boats and floating structures, electrical machinery, boilers, tea, coffee, spices, apparel, and food items.
