Notification No.FEMA 15/2000-RB dated 3rd May 2000

Definition of "Currency"
In pursuance of clause (h) of Section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank notifies debit cards, ATM cards or any other instrument by whatever name called that can be used to create a financial liability, as ‘currency’.

(P.R. GOPALA RAO)
Executive Director

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