Fact Checked: No, Nehru Govt did not demonetised currency notes with Bose's picture

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A picture of a currency note with Subhas Chandra Bose’s picture on it is going viral with the claim the it was demonetised by Jawaharlal Nehru’s government.
“नेता जी सुभाष चंद्र की तस्वीर वाला 10 का नोट| जिसे नेहरू ने बंद करवा दिया था | ताकि भारतीय सच्चे स्वतंत्रता सेनानायक और बलिदानी को भूल जाए| इसे इतना शेयर करो यह वापस शुरू होना चाहिए |” the caption read.


When NewsMobile fact-checked the above claim, we found the claim to be fake.
On putting the image through Reverse Image Search, we found that this currency was issued by Azad Hind Bank.
Azad Hind Bank (also known as Bank of Independence), which was established by Bose in 1944 in Burma (now Myanmar) was used to manage funds donated by the Indian community from across the world for the liberation of India from the British Raj.
A report published in The Hindu on January 22, 2010, reported that one of the currency was made public on the eve of his 113th birth anniversary in Bhopal. 

Moreover, when we checked RBI’s official website, we found that these currencies did not account for the ones recognized by the British Indian government or by the Indian government after independence.
After India’s independence, RBI continued to issue the extant notes (reorganised by British Government) till 1950 when India became a republic.
The Government of India brought out the new design Re. 1 note in 1949. In 1950, the first Republic India banknotes were issued in the denominations of Rs. 2, 5, 10 and 100.
This proves that the claim in the viral post is FAKE.

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