Explanation:

Section 22 of the RBI Act 1934 makes provided that RBI has the sole right to issue Bank notes of all denominations. Thus, Reserve Bank is responsible for the design, production and overall management of the nation’s currency, with the goal of ensuring an adequate supply of clean and genuine notes. In consultation with the Government, the Reserve Bank routinely addresses security issues and targets ways to enhance security features to reduce the risk of counterfeiting or forgery of currency notes. Key Landmarks:
1935 : Currency Function moved from Controller of currency to RBI
1957 : Decimalization of coinage
1995 : RBI sets up printing Press
2000 : RBI mechanizes the currency processing
2005 : RBI introduces Machine-readable security features