Just when the country was getting used to new notes in circulation from last year, the Reserve Bank of India (RBI) on 30th May issued a press release announcing circulation of currency notes in one rupee denomination. The RBI release said “These currency notes are legal tender as provided in the Coinage Act, 2011. The existing currency notes in this denomination in circulation will also continue to be legal tender.” Last year in November, the government had introduced new Rs 500 and Rs 2000 as part of its demonetisation drive, with focus to crackdown on black money.