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A very common interview question for IAS, IRS is ” Why does RBI classify notes as liabilities while coins as assets in their balance sheet ?”

If one goes through the balance sheet of RBI, one can observe that Notes issued by RBI come under the Liability section while “Coins” are classified as Assets. Seems confusing, right? Let’s explore the rationale behind this.

Please read the full details in the below link :

Why does RBI consider coins as Asset but notes as Liability!

Hope its helpful to all aspirants !

Thanks
Team ISF

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