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The authority to print money in the U.S. rests solely with the federal government, and the only legal tender in the country is the U.S. dollar.

The Reserve Bank has the sole right to issue currency notes, except one rupee notes which are issued by the Ministry of Finance. The RBI follows a minimum reserve system in the note issue. Initially, it used to keep 40 per cent of gold reserves in its total assets.

In the 1800s, for example, much of the country's paper currency consisted of notes issued by private banks. Nowadays, commercial banks don't print their own notes, but they create money just the same?in the form of checking accounts.

Objective of the Citizens' Charter This Citizens' Charter provides information on various facilities provided by the Reserve Bank of India (RBI) in the matter of exchange of notes and coins and the common standards of the services provided at RBI Issue Offices and designated branches.